Business news
Manufacturers Target 60% Cut in Raw Material Import Costs at Lagos Expo
Manufacturers in Nigeria have intensified efforts to slash raw material import costs by 60 per cent, following a staggering N4.53...
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Federal Government Moves to Revive Nigeria’s Textile Industry with Kaduna Facility Tour
In a renewed push to revive Nigeria’s cotton, textile, and garment (CTG) industry, the Minister of State for Industry, Trade...
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FG Decries Low Enrollment in Employee Compensation Scheme Despite 15-Year Law
The Federal Government has raised concerns over the persistently low enrollment in the Employee Compensation Scheme (ECS), fifteen years after...
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IMF Raises Nigeria’s 2025 Growth Forecast to 3.4%, Urges Structural Reforms
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward, projecting a 3.4% GDP growth in 2025 and...
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Nigeria Leads Intra-African Trade in West Africa with $18.4bn in 2024
Nigeria has emerged as West Africa’s top intra-African trading nation in 2024, recording approximately $18.4 billion in trade with other...
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Nigerians Owe N70.25bn in Electricity Bills for May 2025 — NERC
Electricity consumers across Nigeria failed to pay a total of ₦70.25 billion in May 2025, according to the latest Commercial...
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Petrol Importers Undercut Dangote Refinery as Price War Heats Up
Petrol importers have begun undercutting the Dangote Petroleum Refinery by offering lower fuel prices, igniting a fresh wave of competition...
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FG Partners with Embroidery Sector to Boost GDP and Empower Youth
The Federal Government has pledged to collaborate with players in Nigeria’s fashion industry, particularly the embroidery sector, as part of...
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Asian Stocks Tick Up as US-China Tariff Truce Offers Modest Relief
Asian equities edged higher on Wednesday as investors took modest comfort in the extension of the US-China tariff truce, which...
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DAPPMAN Slams Dangote Refinery Over Restrictive Sales, Pricing Access
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has raised concerns over restrictive trade practices and pricing opacity...
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