Business News

LBN News Digest: Nigeria’s Leather Industry Export Potential Valued $43.4bn Largely Untapped, Nigeria’s Business Environment Too Harsh for Women Entrepreneur


Nigeria’s
 leather industry export potential valued $43.4bn largely untapped
BusinessDay
It also notes the huge opportunities for value-added processing of hides and skins and extensive opportunities for investors (financial or materials) in Nigeria’s emerging fast-food industry, food processing, animal breeding, tanneries, 

Nigeria witnesses influx of foreign firms, in spite of rising insecurity
BusinessDay
In February too, a US energy trade mission, led by deputy assistant secretary for African Affairs, William Fitzgerald came in and pledged to invest $1.5 billion on energy business in Nigeria. The mission is a private public partnership with the 

Nigeria’s NNPC Says Unrest Cuts Oil Output by 1 Million Barrels
Bloomberg
Oil production in Nigeria, Africa’s biggest producer, is down by about 1 million barrels a day because of violence and theft in the Niger River delta, according to the state oil company. Output is yet to be restored at 40 onshore oil fields mostly 

Nigeria’s financial system not programmed to grow small scale business says MAN
Vanguard
By JOHNBOSCO AGBAKWURU PRESIDENT of the Manufacturers Association of Nigeria, MAN, in-charge of Cross River and Akwa-Ibom states, Chief Iniobong Jackson, has said that the current financial system in the country does not favour the growth of Small and 

Agency rates Nigerian banks highly
Business Day
The central bank also acted by removing executive teams and owners of the troubled banks and set up the Asset Management Company of Nigeria to acquire the nonperforming loans. It is forcing a merger and buyout of the failed banks and has warned those 

I watch Nigeria’s debt profile like a hawk – Okonjo-Iweala
Vanguard
 those who have genuine business in the sector and are known. They will look at criteria; we fix the number, limit it to a smaller number that can be more easily monitored and I think all these should be published so that Nigerians will see.

Nigeria’s business environment too harsh for women Entrepreneur
Miss Florence Ijeoma Ohalee has been in the branding business for almost 10 years. She said men hardly give women the opportunity to survive in the Nigerian