< 1 mn read BUA Foods to Build Four New Wheat Milling Plants, Boosting Capacity by 400% In a recent announcement on the Nigerian Exchange (NGX), BUA Foods revealed plans to construct four new wheat milling plants. This expansion will increase the company’s milling capacity from 500,000 metric tons to 2.5 million metric tons annually, marking a nearly 400% […]

< 1 mn read The Standards Organisation of Nigeria (SON) has recently been recognized for its impressive performance in service delivery and compliance. According to the Presidential Enabling Business Environment Council (PEBEC) Secretariat’s 2024 Half Year Transparency and Efficiency Compliance Report, SON secured second place with a score of 78.2%. This ranking highlights SON’s effective adherence to procedures and […]

2 mn read The Nigerian manufacturing sector is currently grappling with significant challenges, as evidenced by its declining growth rate and contribution to the overall GDP. The latest data from the National Bureau of Statistics (NBS) highlights a slowdown in the sector’s growth, with the second quarter of 2024 (Q2’24) showing a reduced growth rate of 1.28% compared […]

2 mn read The Nigerian stock market is displaying notable resilience as it experiences a 0.6% rise despite a significant 50% drop in trading volumes from the previous week. This uptick is largely attributed to the growing interest in financial services stocks, indicating a robust market confidence in the sector.   Even with high yields on fixed-income assets […]