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Industry

Eze seeks reduction of interest rate by CBN to firm naira more, grow manufacturing

Emefiele CBN

Radical financial analyst, Mr. Emmanuel Eze, Thursday called on the Central Bank of Nigeria (CBN) to reduce the current interest rate to further strengthen the naira. Eze, Chief Executive Officer, ...

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FG awaits delivery of N4.6b fire equipment to retool FFS nationwide

fire fighting truck

The federal Government is set to break the jinks of obsolete fire fighting materials as it awaits the delivery of N4.6bn firefighting equipment. Explaining the cause of the delay in ...

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Dangote Foundation donates N200m for renewal of N7bn Kano Specialist Hospital

Dangote group has raised the bar in Corporate Social Responsibility (CSR) by bankrolling the rehabilitation of some sections of the Murtala Muhammed Specialists’ Hospital, Kano at the cost of N200 ...

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FG mulls amendment of BPP Act to enforce buying ‘Made in Nigeria’ products

lai Mohammed

The Minister of Information, Culture and Tourism, Alhaji Lai Mohammed has announced that plans are on by the government to amend the Act establishing the Bureau of Public Procurement (BPP) ...

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Cement backward integration yielding as Dangote exports 0.4mmt in 2016

dangote-cement

The merits of the policy of cement backward integration introduced by the former administration led by Dr. Goodluck Jonathan has surged as Dangote Cement Plc has disclosed that following continuous ...

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Nigeria’s pioneer Pencil factory completed, awaits commissioning in Akwa Ibom

Udom Emmanuel

In a show of what can be described as backward integration in production of essential educational materials, all is set by the Akwa Ibom State government to commission first pencil ...

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LCCI, Egypt industrialists to hold business summit to grow manufacturing today

Muda Yusuf, LCCI boss

Today, 2nd March, 2017, at the Board Room of the LCCI at No 1, Idowu Taylor Street, Victoria Island by 11am, the Lagos Chamber of Commerce and Industry (LCCI) in ...

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Local debts frustrating key sectors of economy, NASS cries out to DMO, others

Nigerian Senate

Relying on feelers from major sectors of the economy, the Senate Tuesday advised the Minister of Finance and Debt management Office (DMO) to join forces with the rising naira to ...

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Analysts explain why GDP squeezed by -1.30% in Q4 2016

NBS

Latest economic data released by the National Bureau of Statistics (NBS), in the fourth quarter of 2016, has shown that the nation’s Gross Domestic Product (GDP) contracted by -1.30 per ...

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$20b gas industrial park underway in Niger Delta – Osinbajo

GRIP Delta State

Apart from chances of increased royalties to oil rich Niger Delta host communities, emerging peace in the region stemming from the peace efforts of the federal government is about to ...

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