UBA Lending Business Owners N5bn BoI MSME fund at 9% Interest Rate
I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away.
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Manufacturers Laud Zedvance Finance for Sustained Support of SMEs and Growth Initiatives
At Zedvance, we take a value-chain, ecosystem-based approach to solving problems. We offer financing for input vendors that serve manufacturers through invoice discounting, purchase order financing, and logistics asset financing.
Four New Operators Enter Nigeria’s Sugar Industry – Bakrin
The four operators which will each develop 100,000-tonne facilities across Nigeria’s agricultural belt are: Brent Foods in Oyo State, Niger Foods in Niger State, Legacy Sugar in Adamawa State, and UMZA in Bauchi State.
Tax Incentives Coming for Manufacturers Using Local Raw Materials – Nnaji
•Chief Uche Nnaji, the Minister of Innovation, Science and Technology The Federal Government is considering the introduction of tax incentives for Nigerian manufacturers who utilise locally sourced materials. Chief Uche Nnaji, the Minister of Innovation, Science and Technology, made this announcement during the 2025 edition of the Nigeria Manufacturing & Equipment and Nigerian Raw Materials…
Global push to end plastics pollution by 2040 nears finish line
The latest Global Trade Update shows that plastic production reached 436 million metric tons worldwide in 2023, with the traded value surpassing $1.1 trillion and accounting for 5% of total merchandise trade.
IEA’s global electricity demands projection for 2025/2026
Renewables are expected to overtake coal as the world’s largest source of electricity as early as 2025 or by 2026 at the latest, depending on weather and fuel price trends.
Nigeria’s GDP Rebase Unveiled—But Where Is the Factory Floor?
Co-Secretary General of PAMA, Segun Ajayi-Kadir, cautioned that the GDP rebasing exercise should not be treated as an occasion for self-congratulation The 2025 rebasing of Nigeria’s GDP has recalibrated the size and structure of the Nigerian economy, placing it among Africa’s largest once again. But beneath the glossy numbers lies a more sobering truth: manufacturing…
Bakrin Urges Farmers Association to Invest in Nigeria’s $2bn Sugar Industry
The country’s sugar consumption figures, foreign exchange realities and rising global supply chain uncertainties have made investments in local production more profitable than ever before.
CPPE Urges Sustained Support for High-Performing Sectors and Targeted Assistance for Sectors in Recession
• Dr Muda Yusuf, MD/CPPE The Centre for the Promotion of Private Enterprise (CPPE) has called for ongoing support for high-performing sectors of the economy and targeted intervention for sectors currently in recession. This appeal follows the recently rebased Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), now based on…
NESG-Stanbic IBTC June PMI Shows Manufacturing Expansion
Nigeria’s Business Performance Index maintained positive momentum for the sixth consecutive month in 2025, reflecting sustained economic resilience and cautious optimism among businesses. Nairametrics reported that in the June 2025 edition of the NESG-Stanbic IBTC Business Performance Index for June which was released in July, the manufacturing sector rose to 113.6 points, an improvement from…