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Nigeria loses 62,400GWh electricity as gas flaring rises 18.6% 

•Expert blames weak power market, poor gas monetisation incentives  By Ediri Ejoh Despite the Federal Government’s gas flaring penalties and efforts to curb the practice, Nigeria lost an estimated 62,400 gigawatt-hours (GWh) of potential electricity generation from flared gas between 2024 and 2025, representing an 18.6 per cent increase from 50,800 GWh recorded during 2022 and […]

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CBN data localisation directive will boost investment in digital infrastructure — GFA Co-Founder

By Babajide Komolafe The Central Bank of Nigeria, CBN, data localisation directive will create measurable, long-term demand for local data centres, cloud services and other sovereign digital infrastructure, GFA Technologies Group has said. Co-founder of GFA Technologies Group, Adebola Omololu, stated this while assessing the investment opportunities arising from the directive, describing it as a catalyst […]

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Sugar: Nigeria risks losing African market over high production costs

By Babajide Komolafe Nigeria risks conceding the African market to other countries unless it urgently tackles high power, credit and logistics costs undermining the competitiveness of local manufacturers. Executive Secretary, National Sugar Development Council, NSDC, Mr Kamar Bakrin, stated this at the technical session of the 17th National Council on Industry, Trade and Investment, NCITI, in […]

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FG maps 500,000 MSMEs to drive industrial growth, competitiveness

…Disburses over N600bn through BoI to support business By Yinka Kolawole The Federal Government has captured more than 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database as part of efforts to strengthen industrial development, improve policy planning and enhance Nigeria’s competitiveness in regional and global trade. This is even as over N600 billion has […]

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