COVID-19 lockdown in India, China frustrating NASME’s operations
More negative multiplier effects of COVID-19 induced lockdown of industrial cities of China and India in the Nigerian manufacturing space have emerged. This was made public by the Nigerian Association of Small and Medium Enterprises (NASME) President, who doubles as…
Can Nigeria survive naira devaluation, COVID-19 crisis, oil price crash?
Though the Central Bank of Nigeria (CBN) has continued to deny the fact that it had technically devalued the Nigerian naira, financial pundits refused to be confused after all. Whereas many resisted being convinced by choice of words used by…
COVID-19: Eko Hotels Group shuts 12 sections, places 6 on partial services
Leading indigenous first class five star hotel in Lagos Island, Eko Hotels & Suites Sunday announced shutdown of 12 service sections and placed remaining six on partial service delivery as part of precautionary measures to support government and corporate efforts…
MAN reveals how border closure ebbed Nigeria’s trade with ECOWAS to 7%
The Acting Director General of Manufacturers Association of Nigeria (MAN), Ambrose Oruche has released a report that showed that the on-going partial border closure has resulted in a decline in the volume of trade within Economic Community of West African…
US COVID-19 Plan foresees 18-month pandemic, widespread shortages—NYT
A United States of America’s federal government plan to combat the coronavirus (COVID-19) had warned policymakers last week that the pandemic “will last 18 months or longer” and could include “multiple waves,” resulting in widespread shortages that would strain consumers…
SON, Alaba traders’ seal deal to stamp out fake electronic gadgets
In furtherance of its official responsibility, the Standards Organisation of Nigeria (SON) has seal an understanding with the leadership of the International Market Association Electronics (IMAE), Alaba International, Ojo LGA of Lagos State to end the influx of Substandard and…
Cross River State-owned Calabar Garment factory seals NYSC kitting deal
Fresh production capacity expansion deal has been sealed between the management of the Cross River state-owned Calabar Garment factory and National Youth Service Corps’ (NYSC) for the production of 8,000 pairs of uniforms. Business Hilights recalls that the now growing…
Nigeria inflation, CPI on fastest pace of consumer price growth in 2 years
Nigeria’s headline inflation sustained its upward trajectory for the sixth consecutive month, with the February CPI data printing 12.20% y/y (January: 12.13% y/y). Accordingly, this is the fastest pace of consumer price growth witnessed since April 2018. Fact checks showed…
Bill criminalising casualisation strategic for oil and gas industry— NUPENG
As the Bill seeking to amend the Labour Act to criminalise casualisation of workers in Nigeria at the National Assembly enters its crucial stage, major stakeholders’ who are likely to gain more from the law when assented have started called…
Transcorp Plc audited results show resilience with PAT of N3.71bn
More facts have emerged from the recently released Transnational Corporation of Nigeria Plc (Transcorp) audited financial statements for the year ended December 31, 2019. Whereas preliminary highlights of the result show the Group recorded a Turnover of ₦76.35 bn, Profit…
