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Tech

Seven local original equipment manufacturers exist in Nigeria

Ihesiulo Grace 17 October 2017 0

Director General, National Information Technology Development Agency (NITDA), Dr. Isa Pantami, has disclosed that Nigeria currently have seven local Original Equipment Manufacturers (OEMs), but they can only meet about 20 per cent of the local demand for computer hardware. Pantami dropped the

Business

MAN wants 5% interest rate for manufacturers

Ihesiulo Grace 31 January 2017 0

The Manufacturers Association of Nigeria (MAN) is concerned about the interest rate in Nigeria. The president of the association, Dr Frank Jacobs Udemba, who disclosed this at the MAN annual media luncheon in Lagos, noted that one of its major focus for the year 2017 is advocacy for a concessionary interest rate of five percent […]

Money

CBN to sell dollars to manufacturers, airlines, others in special auction

Ihesiulo Grace 26 January 2017 0

In order to clear the backlog of dollar obligations that businesses owe, the Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs) to bid in a special currency auction, forex traders disclosed. In view of this development, commercial banks are expected to submit backlog of dollar demand from fuel importers, airlines, raw-materials producers, […]

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