The Purchasing Managers Index (PMI) report, which gauges the level of activities in the real sector, has increased to 54.6 points in December on strong demand. The report stated that customer demand improved again in the Nigerian private sector [...]
President Muhammadu Buhari has directed the National Agency for Science and Engineering Infrastructure, NASENI, to establish a world-class transformer production plant in Nigeria in collaboration with China Great Wall Industry Corporation (CGWIC) in order to fast-track stable power supply [...]
The Lagos Chamber of Commerce and Industry has projected that the Information Communication Technology and the manufacturing sectors would be the major drivers of the economy in 2023. The chamber in a statement titled “LCCI New Year statement on the [...]
RT-Briscoe’s football team has emerged winner of the EMWA 2021 5-a-Side Soccer Tournament which took place over the weekend in the Magodo area of Lagos. The team’s dazzling performance, dotted by speed, strength, accuracy, and a pure passion for [...]
The Federal Ministry of Works and Housing has opened the e-portal https://lnkd.in/gJakNDX for the submission of Request for Qualification (RFQ) applications for the Highway Management and Development Initiative (HMDI). 12 highways carefully chosen for concessions are Benin-Asaba, Abuja-Lokoja, Kano-Katsina, Onitsha-Owerri, [...]
Rethinking Nigeria's industrialization strategy is one key step to repositioning the manufacturing sector for growth and stability in 2021. The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, made this point while assessing developments [...]
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has restated the Bank’s resolve to encourage firms willing to invest in the Nigerian manufacturing sector in order to grow the economy. Mr. Emefiele made the pledge in Lagos [...]
Opportunities Nigeria is one of the most open services markets in Africa, receiving an overall rated score of 27.1 (virtually open) on the Services Trade Restrictions Index (STRI) published by the World Bank. The Nigerian services sector has remained [...]
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, on Saturday, toured the Kano Free Trade Zone, a hub to many indigenous manufacturers such as Hamdala Foods, Mufex Wires and Cables, Afrique Ventures, Marshall Biscuits and Marshall Foods, [...]
BUA Cement, Nigeria's second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts for the full year ended December 31, 2020, showing an increase of 19 per cent 2019. Gross profit printed [...]
