Chief Executive Officer, the Centre for the Promotion of Private Enterprise (CPPE) Dr. Muda Yusuf has called on the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to stop further increases in interest rates. He explained that pausing interest rate hikes would provide an opportunity for fiscal policy measures to address inflation….
Chairman of Heirs Energies and the Convener of the 2025 Heirs Energies Leadership Forum: Industry Leaders Discourse (ILD), Tony O. Elumelu will bring together government decision-makers, global energy CEOs, and sector pioneers, in Abuja. This high-level gathering aimed at forging actionable strategies for accelerating Nigeria’s oil production growth. Heirs Energies Limited is Africa’s leading indigenous-owned…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, has advised Samsung Heavy Industries Nigeria (SHIN), and Africoat Nigeria Limited, a pipe coating plant, located at Takwa Bay, Lagos, to patronize local facilities. He gave the advice when he visited the facilities of two companies in line with his determination to…
A coalition of 69 international nongovernmental organizations, led by Corporate Accountability and Public Participation Africa (CAPPA), has urged the United Nations International Maritime Organization (IMO) to reject biofuels as a Global Fuel Standard (GFS) for international shipping. The IMO’s GFS is a technical measure aimed at reducing greenhouse gas (GHG) emissions from ships, in line…
Manufacturing capacity utilisation contracted further by 0.8 per cent in the fourth quarter (Q4) of last year from the -1.3 per cent drop witnessed in the preceding quarter. Manufacturing investment also dipped by 1.2 per cent from 3.5 per cent contraction recorded in Q3 of the same period. Save for sales volume, which recorded a…
The Lagos State government has reiterated its readiness to work with corporate and civil society leaders to address the pervasive challenges of youth employment in the state. The Lagos State Commissioner for Wealth Creation and Employment, Hon. Akinyemi Ajigbotafe stated this at the state forum on graduate internship placement programme (GIPP). The GIPP is a…
The United Kingdom’s development finance institution, British International Investment (BII), has approved $40.5 million investment to an agribusiness and manufacturing conglomerate, Johnvents Group, to boost cocoa production, enhance global export capabilities, and create economic opportunities for Nigerian farmers. The investment is also targeted at supporting Johnvents Group’s sustainability goal to achieve 100 per cent traceable…
The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has petitioned the Federal Government, warning that the International Cargo Tracking Note (ICTN), as proposed by the Nigerian Shippers’ Council (NSC), contradicts trade facilitation principles. They warn it would also lead to increased costs and inefficiencies in cargo clearance. The Council also opposed the…
A leading technology distributor in Africa, TD Africa, has launched TD Super App Version 2, an upgraded, feature-rich platform designed to revolutionize technology procurement for individuals and businesses. The enhanced App offers seamless access to a wide range of cutting-edge tech products at unbeatable prices, with faster delivery options to improve efficiency and convenience. Available…
