Industry
Leveraging fertiliser initiative to check inflation, forex savings
To conserve foreign exchange, the Central Bank of Nigeria (CBN) placed some products on restriction, while urging many businesses to embrace import substitution. The post Leveraging fertiliser initiative to check
Oil & Gas: Nigeria to host African local content roundtable
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable in a bid to institutionalize peer review mechanism among
SON to leverage accredited labs to end rejection of exports
The Standards Organisation of Nigeria (SON) has stated that by leveraging its three accredited laboratories, the country would witness a gradual end to the incessant rejection of locally-made goods at
‘Nigeria can save N2tr yearly on spare parts imports via 3D printing’
Stakeholders have advocated increased adoption of 3D printing in the country to reduce dependence on importation. They noted that the technology can help the country save over N2 trillion expended
French envoy explores opportunities in Lagos free zone
The Conseillers du Commerce Exterieur (French Foreign Trade Advisors) has expressed readiness to invest massively in the Lagos Free Zone (LFZ) The post French envoy explores opportunities in Lagos free
Uneven recovery from COVID-19 weakens trade outlook, says WTO
New estimates from the World Trade Organisation (WTO) have shown that the volume of world merchandise trade is expected to increase by eight per cent in 2021, having fallen 5.3
‘Weak customs regimes stalling AfCFTA implementation’
Many African countries cannot enforce customs agreements, and this could be a major hindrance to the implementation of the African Continental Free Trade Area (AfCFTA) agreement The post ‘Weak customs
NB hopeful of barley test trials for improved material sourcing
To optimise cost and reduce expenditure on importation of raw materials, Nigerian Breweries Plc has embarked on test trials of barley in Kano State and exploring other measures The post
Revisiting sugar masterplan in the interest of average Nigerians
Within the first ten years, Nigeria’s National Sugar Master Plan (NSMP) was planned to attract local and foreign direct investments and generate an estimated 107,000 jobs. Within the last decade
Poor access to electricity raises production costs as firms rely on self-generation
With approximately 53.3% of firms in sub-Saharan Africa engaging in electricity self-generation, the World Bank has said that the lack of reliable power is a significant constraint The post Poor
