Flour Mills annual profit hits N29.504bn
Flour Mills of Nigeria Plc, a food and agro-allied company, increased its profit by 5.32 percent to N29.504 billion at the end…
Business
China, India, Mexico, others plan new investments in Nigeria
Chinese, Indian, Mexican, and Indonesian ambassadors have stated that their governments will continue to invest in the Nigerian economy. The envoys spoke…
Manufacturing sector’s GDP contribution falls to N1.49trn
In the second quarter ended June 2023, the manufacturing sector contributed N1.5 trillion to Nigeria’s GDP in real terms. This marks a…
Why Lagos is fifth best global city to live in – Report
A survey by Brand Finance City Index 2023 has revealed that Lagos has emerged as the fifth best African city with a high desire…
Chevron employees looming strike threatens global LNG supply
Workers at two huge liquefied natural gas plants in Australia controlled by US energy behemoth Chevron are poised to go on strike…
Metal ore mining to be fastest growing sector in Nigerian economy by 2023 – Report
In the first two quarters of June 2023, the Nigerian economy’s metal ore sub-sector, which is part of the mining industry, experienced…
Levene Hydrocarbon commits to supporting sustainable energy
As the globe shifts towards cleaner fuel, an indigenous upstream company, Levene Hydrocarbon, has reaffirmed its commitment to sustainable oil extraction and…
Customs, NPA plan synergy to track export cargoes
Juliet Buna The Nigeria Customs Service has said there is a need to form a joint team with the Nigerian Ports Authority…
Nigeria, others to get more foreign investments despite currency crisis – Citigroup
Citigroup Inc. has revealed that despite the sharp depreciation of their currencies, Nigeria, Angola, and Kenya are among the African nations that…
Stock market maintains upward rally despite poor GDP data
The Nigerian stock market has been dominated by a bullish trend against the backdrop of the Gross Domestic Product, GDP, which reported…
Economic growth hampered by low productivity – CPPE
The Centre for the Promotion of Private Enterprise and the Lagos Chamber of Commerce and Industry have identified falling productivity as a…
Power plants’ operation affected by gas shortage, Elumelu tells FG
The Tony Elumelu Foundation’s Founder, Tony Elumelu, has disclosed that a lack of appropriate gas supply is impacting the operation of the…