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Manufacturers’ confidence rebounded in Q2 despite operating challenges

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featured Oil and Gas

FG pledges total support for Dangote Refinery’s 1.4m BPD goal

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said on Monday that the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri made the pledge during his welcome address at the 19th Africa Downstream Energy Week in Lagos, an event themed “Energy Sustainability: Growth Beyond Boundaries […]

Manufacturing sector to benefit most from 5G - GSMA
Telecommunications

5G adoption soars in Nigeria amid infrastructure shortfall – Report

Nigeria is witnessing a rapid surge in the uptake of 5G-enabled smartphones, even as the network infrastructure required to support high-speed connectivity remains insufficient, according to a new industry report. Consumers in major cities including Lagos, Abuja, and Port Harcourt are increasingly purchasing 5G-capable devices, driven by wider availability and competitive pricing. Global forecasts also […]

Business

British Council, SMEDAN partner to boost MSME financing in Nigeria

The British Council, in partnership with the Small and Medium Enterprises Development Agency of Nigeria and with support from the Investment Climate Reform Facility, has inaugurated the Impact Advisory Group — a multi-stakeholder platform designed to sustain inclusive business environment reforms and enhance access to finance for Micro, Small, and Medium Enterprises across Nigeria. In […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Economy

Worst days are behind Nigeria, economy is stabilizing – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that the country’s economy has turned the corner. He stated this in an opinion released on Sunday titled “Nigeria turning towards prosperity,” reassuring the citizens that the worst days were over. Edun asserted: “Despite some historical shortfalls and present-day challenges, […]

Business

ICYMI: Alake woos global investors with mining sector reforms

Minister of Solid Minerals Development, Dele Alake, has urged investors to scale up their investments in Nigeria’s solid minerals sector, citing recent reforms that guarantee improved returns. Speaking on the theme “Connect and Collaborate, Co-Build and Co-Share” at the China Mining Conference in Tianjin, Alake highlighted key security measures — including the deployment of Mining […]

News

OPSN rejects Senate’s proposed NSITF amendment Act

The Organised Private Sector of Nigeria has rejected the proposed amendment to the Nigeria Social Insurance Trust Fund Act, describing the move by the Senate as a dangerous attempt to hijack and politicise the management of workers’ social protection funds. The OPSN, which comprises the Manufacturers Association of Nigeria, the Nigeria Association of Chambers of […]

Aviation

Boeing workers reject contract offer after three-month strike

Boeing workers at three United States facilities that produce military aircraft and weapons have voted to reject the company’s latest contract offer, opting to continue their nearly three-month-long strike. The strike, involving about 3,200 machinists at plants in Mascoutah, Illinois, and the Missouri cities of St. Louis and St. Charles, is smaller than last year’s […]

Google partners Verve, okays naira payment Play Store
Tech

Verve unveils partners for Africa’s biggest fitness party

Verve, Africa’s leading homegrown payment card brand, has announced its lineup of partners for the eighth edition of VerveLife Africa’s largest fitness party, scheduled for November 1 at the Eko Hotel Convention Centre, Lagos. According to a statement, this year’s event, now a staple on the continent’s fitness and lifestyle calendar, will deliver an even […]

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