Ogun manufacturers decry N350bn unsold inventory

by | Nov 16, 2024 | Business

Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the

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Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the

Read More Manufacturers in Ogun State have decried the sluggish growth in the sector which has led to a stockpile of unsold finished goods valued at N350bn. This challenge, they say, is part of a broader crisis tied to soaring costs, forex scarcity, and infrastructural decay that has hobbled productivity in recent years. The Chairman of the
Read More  Punch Newspapers – Business

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Oil earnings may hit N6.9tn monthly as production rises

Oil earnings may hit N6.9tn monthly as production rises

by | Nov 16, 2024 |

The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is

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The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is

Read More The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is
Read More  Punch Newspapers – Business

The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is
Read More

Economists blame high energy costs as inflation hits 33.88%

Economists blame high energy costs as inflation hits 33.88%

by | Nov 16, 2024 |

The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the

Read More

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The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the

Read More The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the
Read More  Punch Newspapers – Business

The rate of inflation in Nigeria increased to 33.88 per cent in October 2024 from 32.70 per cent in September, surpassing the projections of analysts who had pegged the rate to settle at 33.84 per cent. The analysts based their projections on elevated fuel prices, currency depreciation, and flooding which disrupted agricultural activities in the
Read More

Govt distributes vaccines to tackle livestock disease

Govt distributes vaccines to tackle livestock disease

by | Nov 16, 2024 |

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged

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The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged

Read More The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged
Read More  Punch Newspapers – Business

The Minister of State for Agriculture and Food Security, Aliyu Abdullahi, says the Federal Government has distributed 3.9 million doses of the Peste des Petits Ruminants vaccine and 7.7 million doses of the Newcastle Disease vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years. This was as he acknowledged
Read More

Shippers Council seeks partnership to harness AfCFTA benefits

Shippers Council seeks partnership to harness AfCFTA benefits

by | Nov 16, 2024 |

The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General

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The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General

Read More The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General
Read More  Punch Newspapers – Business

The Nigerian Shippers’ Council has said that to harness the benefits of the African Continental Free Trade Agreement and other international frameworks, there is a need to forge strong partnerships across borders. The Executive Secretary and Chief Executive Officer of the NSC, Pius Akutah, disclosed this on Friday in Lagos during the 15th Annual General
Read More

Mikano to unveil mining equipment in Abuja

Mikano to unveil mining equipment in Abuja

by | Nov 16, 2024 |

Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria

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Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria

Read More Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria
Read More  Punch Newspapers – Business

Mikano Motors LHCV, the specialised division of Mikano International for Light and Heavy-Duty Construction Vehicles, has stated plans to showcase Lovol Heavy Industry Group’s cutting-edge machinery, designed to meet the demanding needs of the mining and construction sectors. The firm in a statement on Friday, said the construction vehicles will be unveiled at the Nigeria
Read More