Akin Adewakun

Nigeria

Chief Correspondent at Nigerian Tribune

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Articles

Manufacturing: Litany of woes continue, as MAN says over 18,000 jobs lost in 2024

5 days ago | tribuneonlineng.com | Akin Adewakun

•767 manufacturing companies shut down as at 2023, •Costs of imported raw materials surged by 118% •Costs on alternative energy hit N1.11trn in 2024The challenges facing the nation’s manufacturing sector seem to be gradually taking their tolls on the economy. For instance, in Year 2024 alone, over 18,000 jobs were said to have been lost; with a total of 767 companies shut down, as at 2023, due to the nation’s hostile business environment.
AISOP: We’ve recorded over 75 per cent compliance -ARCON

6 days ago | tribuneonlineng.com | Akin Adewakun

•Vows to go after violators •To investigate 9Mobile’s N1bn advertising debtTHE Advertising Regulatory Council of Nigeria (ARCON), has said one of its reform instruments, the Advertising Industry Standard of Practice (AISOP), has recorded over 75 per cent compliance since its introduction in Year 2022.
Stop harassing us over unmet Forex Forward Obligations - Nigerian manufacturers tell banks

1 week ago | tribuneonlineng.com | Akin Adewakun

Manufacturers, under the aegis of the Manufacturers Association of Nigeria (MAN), have called on the nation’s commercial banks to stop harassing them over unmet foreign exchange (Forex) forward obligations. The association made the plea in a statement signed by its Director General, Segun Ajayi-Kadir, over the weekend.
LCCI, MAN decry 27.5% monetary policy rate

2 weeks ago | wp.me | Akin Adewakun

•It’s prohibitively high for private sector development, monetary policy not enough to address inflation —LCCI •Makes Nigeria 6th most expensive country to source creditThe Lagos Chamber of Commerce and Industry (LCCI) and the Manufacturers Association of Nigeria (MAN) have decried the current 27.5 per cent monetary policy rate, describing it as inhibiting private sector development.
LCCI, MAN decry 27.5% monetary policy rate

2 weeks ago | tribuneonlineng.com | Akin Adewakun

•It’s prohibitively high for private sector development, monetary policy not enough to address inflation —LCCI •Makes Nigeria 6th most expensive country to source creditThe Lagos Chamber of Commerce and Industry (LCCI) and the Manufacturers Association of Nigeria (MAN) have decried the current 27.5 per cent monetary policy rate, describing it as inhibiting private sector development.
Surveying graduates find it difficult comprehending practice’s basic knowledge -Olunlade

2 weeks ago | tribuneonlineng.com | Akin Adewakun

A lecturer from the Department of Surveying & Geoinformatics, Obafemi Awolowo University, Ile Ife, Dr. Olukemi Ayoade Olunlade, has expressed concerns at the lack of basic understanding and knowledge of Surveying and Geoinformatics, due to paucity of resource materials. Olunlade expressed the concerns at the launch of his latest book, “The Surveying Handbook: Basic Theory and Field Manual”, in Oshogbo, the Osun State capital.
Despite positive macro environment, inflation still threat to economic stability, growth, LCCI warns

2 weeks ago | tribuneonlineng.com | Akin Adewakun

With inflation still at a double-digit rate of 23.71 percent as of April 2025, the Lagos Chamber of Commerce and Industry (LCCI) has warned that the threat of inflationary pressures on economic stability and growth still remains, despite the seeming stability in the nation’s macroeconomic environment.
Why we made ‘Iya Rainbow’ Brand Ambassador -Majeurs Holdings

2 weeks ago | tribuneonlineng.com | Akin Adewakun

THE management of Majeurs Holdings has said the company’s decision to unveil veteran Nollywood actress, Madam Idowu Philips, popularly known as ‘Iya Rainbow’, as its brand ambassador, stemmed from the fact the actress’ legacy mirrors the company’s brand philosophy. The Founder/Chief Executive Officer, Majeurs Holdings, Demi Samande, stated that Iya Rainbow’s choice as brand ambassador aligns with the brand’s vision of telling African stories through furniture crafts.
Shortage of Project talents may endanger global growth, says PMI new report

2 weeks ago | tribuneonlineng.com | Akin Adewakun

THE new Global Project Management Talent Gap report from Project Management Institute (PMI), has predicted that shortage of project talents could hamper global growth if up to 30 million new project professionals are not produced by 2035. The report added that project professionals are becoming increasingly essential as the world accelerates into an era defined by economic uncertainty, disruption, and digital transformation.
Ijebu Trade Fiesta: Why local entrepreneurs, brands remain our focus -Oduniyi

2 weeks ago | tribuneonlineng.com | Akin Adewakun

THE President of the Ijebu Boys’ (IJ Boys) Association, Mr. Olagbuyi Oduniyi, has said that decision to make local entrepreneurs, brands and small businesses in Ijebu land the focus of the association’s maiden convention, stemmed from the urgent need to empower businesses in the community and to restore the town to its ‘glorious’ commercial past. Oduniyi gave this explanation while unveiling activities for the association’s convention, scheduled for Ijebu Ode, Ogun State, to the media in Lagos.