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•Commends local producer By Gabriel Ewepu The Federal Government, FG, has indicated that Nigeria’s textile industry is struggling with massive importation, poor infrastructural backbone against local manufacturers and trade malpractices. Speaking to journalists in Abuja yesterday, Minister of Industries, Trade and Investment, Dr. Olajumoke Oduwole, said as a result of weakened domestic production, Nigeria spends about […]
The post Nigeria spends $6bn annually on imported clothing appeared first on Vanguard News.
Peter Egwuatu The stock market extended its bullish run for the fourth consecutive week, supported by sustained investor interest in Banking and Industrial Goods stocks. Trading last week o the Nigerian Exchange Limited, NGX showed that market participants digested the first wave of the first quarter, Q1’26 earnings reports across the Consumer Goods, Cement, and Hospitality […]
The post Banking, Industrial Goods drive stock market as investors gain N5.5trn appeared first on Vanguard News.
By Babajide Komolafe United Bank for Africa Plc (UBA) has sustained its growth trajectory, with total assets crossing the N33 trillion mark and maintaining momentum into the first quarter of 2026, following strong growth in earnings in Full Year 2025 and Q1’26. The bank’s unaudited results for the first quarter ended March 31, 2026, showed that total […]
The post UBA assets hit N33trn, sustain growth momentum into Q1’26 appeared first on Vanguard News.