Nestlé has said that it is in collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and […]
Category: Industry
Industry
MAN Urges CBN Action Over Banks’ Forex Forward Disputes
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to urgently intervene in what it describes as unjust treatment of its members by certain commercial banks over unresolved foreign exchange (forex) forward obligations. The Association alleged that some banks have taken punitive […]
LCCI Advocates Forward-guided, Data-Driven Approach To Monetary Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to pursue a forward-guided, data-driven approach to monetary easing, warning that a premature reduction in interest rates could destabilize investor confidence and threaten macroeconomic recovery. The Chamber’s reaction followed the Central […]
Cascador Partners Sterling Bank On $2m SME Lending In Nigeria
Cascador has announced a partnership with Sterling Bank to launch new debt funding model to unlock growth for Africa’s most promising ventures. According to a statement from the company, backed by a $2m Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt […]
BUA Foods’ Sugar Share Falls to 48% Amid Rising Food Inflation
BUA Foods Plc reported a 24 per cent year-on-year revenue growth to ₦442.1bn in Q1 2025, but its Sugar division—traditionally its largest revenue contributor—saw its share fall to 48 per cent, down from 67 per cent in the same period last year. The decline was driven by a significant drop […]
Onyema Urges Collaboration For Stronger Aviation Security Framework
Chairman of Air Peace Airline, Dr. Allen Onyema, has called for enhanced collaboration across all stakeholders in Nigeria’s aviation sector to build a more robust and adaptive aviation security framework amid growing global threats. Speaking at a symposium organized by the Nigeria Civil Aviation Authority (NCAA) on the […]
Lafarge earns N248.350bn Revenue In Q1
Lafarge Africa Plc has recorded N242.67bn from sales of cement following rising cost of cement in the country driven by inflation. This accounted for 97.7 per cent of the total sales revenue of N248.35bn for the first quarter of the 2025 financial year. The sales […]
Dangote Petroleum Announces Reduction In Petrol Price
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week. According to a statement signed by Group Chief […]
SEC, SMEDAN Partners On Enlightenment Campaigns For SMEs Financing
The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on financing SMEs through the Capital Market. Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, […]
Academy, Radisson Hotel Group’s Leading Learning and Development Hub, introduces Live Edition in Lagos
Radisson Academy, Radisson Hotel Group’s leading Learning and Development hub, is set to hold its first Live edition in the vibrant commercial city of Lagos. Continuing to innovate as the best ‘Academy’ to upskill talent in the industry, since its inception in 2019, Radisson Academy has expanded its offer […]