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Real Sector
Boost for Nigeria’s mining sector as Thor Explorations constructs Segilola Gold…
The Honourable Minister, Ministry of Mines and Steel Development, Federal Republic of Nigeria, Arc. Olamilekan Adegbite on Thursday 19th March 2020, laid the first stone for the commencement…
Bonny Chamber of Commerce unveils strategies to help businesses play big, go global
The Bonny Chamber of Commerce, Industry, Mines and Agriculture (BOCCIMA), which seemed to go silent since middle of 2019 after its reactivation drives, stepped out big on the island last…
Will CBN palliative measures spike innovation in pharmaceutical industry?
The Central Bank of Nigeria (CBN), in its move to alleviate the challenges faced by players in the private sector, has opened intervention programmes to support the business community.…
Backward integration projects put Dangote, Olam, FMN in driver’s seat
The backward integration projects (BIPs) of Dangote Group, Olam Nigeria, Flour Mills of Nigeria (FMN) and several similar companies have put them in advantage as the country nears another…
COVID-19: MSMEs face mounting pressure as Chinese supply chains vanish
Owolabi Mercy, a 28-year old entrepreneur, woke up to news of a SARs-like disease in Wuhan, China in January. Less than a week after, she was having difficulty restocking her products…
Managing looming crisis in dollar-dependent manufacturing sector
Nigeria’s manufacturing sector is facing a looming crisis from falling global oil prices. The United States West Texas Intermediate (WTI) crude oil dropped to $26 per barrel on Monday, the…
We have moved from 53% local sourcing to 80% in 2 years— Guinness MD
Baker Magunda is the managing director of Guinness Nigeria plc. He has worked in several markets in Africa and beyond. In this interview with Odinaka Anudu, he spoke on the company’s…
Are Nigerian manufacturers ready for Fourth Industrial Revolution?
The Fourth Industrial Revolution is an era of development characterised by digitisation and disruptions.
It is a new chapter in human development, enabled by extraordinary technological…
Falling oil price continues to threaten dollar-dependent manufacturers
The price of Brent crude was trending $32 to $34 on Friday, which is a significant hit for oil-dependent Nigeria that has failed to diversify its economy and sources of revenue.
With…
How Nigerian manufacturers can survive falling oil prices
It could be 2016 again for many Nigerian manufacturers who fail to embark on strategies that would reduce their business exposure to the shocks that come with falling oil prices.
This could…