Business

By Providence Ayanfeoluwa The Managing Director of Port and Terminal Multiservices Limited (PTML), Mr. Ascanio Russo, has unveiled plans to invest an additional $50 million in the terminal to strengthen port infrastructure, improve operational efficiency and support Nigeria’s ambition of becoming the leading maritime hub in West and Central Africa. Russo disclosed the proposed investment […]

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By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has raised concerns over the sharp decline in bank credit to the manufacturing sector, warning that the development could undermine industrial growth, worsen unemployment and jeopardise the implementation of the Nigeria Industrial Policy (NIP) 2025. In a statement issued yesterday, MAN Director-General, Segun Ajayi-Kadir, noted that […]

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By Yinka Kolawole Stakeholders in Nigeria’s ceramic industry have called for increased investment, innovation, stronger policy support and deeper collaboration to transform the sector into a major driver of industrialisation, job creation and economic diversification. The call was made at the Nigeria Ceramic Investment Summit and Product Exhibition 2026 (NCISPE 2026), which brought together industry leaders, […]

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•As farmers, investors lack reliable information By Cynthia Alo A  new study by the Nigeria Agribusiness Data and Investment Hub (NADIH), an initiative of Lagos Business School in partnership with Augmentum Advisory, has revealed that although government institutions control about 70 percent of agricultural datasets in Nigeria, much of the information is outdated and inadequate for […]

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•Lists key drivers, blame high rates, policy gaps By Yinka Kolawole THE Manufacturers Association of Nigeria, MAN, has raised concern over the data generated by  Vanguard Newspaper  showing that banks’ credit to manufacturers contracted by 22.5 per cent, a development the association warned could undermine industrial growth, worsen unemployment and weaken the implementation of the […]

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