| Leveraging backward integration for resilience in pandemic
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With the pandemic and consequent supply chain disruptions, Nigerian firms are beginning to look inward for alternatives, especially at a time access to raw materials remains a business constraint for growth and profitability. With 6.5 per cent decline in raw materials import in the first quarter of 2021, manufacturers’ concern about access to foreign exchange for critical materials needed for local production remain a lingering issue needed to address capacity…
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COVID-19: Nigeria’s weak economic recovery calls for concern
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Nigeria is in a recovery year, but the sluggishness of the pace remains a source of worry for all stakeholders. The 0.51 percent real gross domestic product (GDP) growth recorded in the first half of this year illustrates the tepid nature of our GDP growth, as the oil segment was dampened by the lower output…
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Future of Oil & Gas in Nigeria: Renewed Obligations from Private Sector |
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From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas flaring challenges, debates about hydrocarbon production in Nigeria continue to dominate the energy scene. As Africa’s largest crude oil exporter, with an output of almost two million barrels per day, global investors and business... |
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AfDB to expand $886 million infrastructure investments in Nigeria
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A grand design to swell investments in the Nigerian economy has been unveiled by the African Development Bank (AfDB), which said it would partner with like-minded development partners and financial institutions in the organised private sector (OPS) to inject a cocktail of instruments, including direct lending, equity participation, de-risking facilities, and the platform of the Africa Investment...
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