Navy seeks partnerships to boost local shipbuilding capacity

Navy seeks partnerships to boost local shipbuilding capacity

By Zainab Uzomah| Abuja The Nigerian Navy says it is ready to partner with relevant organisations to strengthen indigenous shipbuilding and enhance naval operations. The Chief of the Naval Staff, Vice Admiral Idi Abbas, made the remarks in Abuja during a meeting with the Managing Director of ASELSAN Nigeria Limited, Mr Amadou Ndongo Thiam. The navy said the engagement aligns with its broader strategy to promote local content, technology transfer […]

April 9, 2026 5

NEWS

FG targets 70% local pharmaceutical production

The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced on Sunday that the Presidential Initiative for Unlocking the Healthcare Value Chain aims to increase local manufacturing of pharmaceutical products in Nigeria to at least 70% by 2030. In a video shared on X, Pate explained that the initiative also aims to significantly increase the number of full-time employees working in life sciences manufacturing, with the current workforce […]

April 28, 2025 67

NEWS

IFC, CBN sign deal to boost local currency financing in Nigeria

The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy. This was according to a joint press statement from the IFC and the CBN on Monday. The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will […]

October 28, 2024 110

BUSINESS

FG meets local refiners over pricing, faults Dangote

The Federal Government, on Tuesday, declared that there was no importation of dirty fuel into Nigeria, countering the recent position of an official of the Dangote Petroleum Refinery. It declared this after meeting with oil marketers and local refiners of crude oil in Abuja, where parties at the meeting discussed issues about refined products’ pricing, issues of competition and the importation of products that are produced in Nigeria. Also at […]

June 26, 2024 110

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