•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…
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.
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.
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…
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.
• 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…
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…
His tenure, which was due to expire in August 2025, will now run until August 2026.
UAC of Nigeria PLC has announced its agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company, subject to regulatory approval.Chivita|Hollandia is a key player in Nigeria’s food and beverage industry, known for its diverse portfolio, including dairy products, juices, and snacks, under the renowned Hollandia and Chivita brands. Fola Aiyesimoju, Group Managing Director of…
“We’re going to be a small craft brewery compared to the big guys, but we believe we can make the best beer and we can keep growing in our own way and do things in our own style. “I will be very happy with 1% of the Nigeria’s $7 billion beer market. Even half of…
