Big Man Business
Nigeria’s top exports in 2023 were heavily concentrated in mineral fuels and oil, accounting for over 91% of total exports valued at $55.6 billion. Other major exports included fertilizers ($994.7…
In the first quarter of 2024, food imports accounted for 17% of Nigeria’s total dollar spending on imports, reaching a five-year high. The National Bureau of Statistics reported that the…
Russia’s Magnitogorsk Iron & Steel Works (MMK) plans to invest 14 billion rubles to construct a new foundry and forging workshop to reduce its reliance on imported forged rolls for…
India is on the right path to becoming a global steel player, according to the Indian Steel Association. The country has transformed into a net exporter of steel this year,…
The Uganda Investment Authority (UIA) has launched an initiative to encourage traders in Kampala’s Kikuubo business hub to transition from importing products to manufacturing them locally. Named “Transitioning Kikuubo Traders…
Vietnam’s shrimp exports, which grew in the first half of 2024, are now facing stiff competition from other major producers like Ecuador and India in key markets such as the…
Nigerian cocoa processors are facing severe challenges due to multiple taxation and high operational costs, leading to a drastic decline in production capacity. Currently, the country’s five remaining cocoa processing…
India’s trade deficit with China, the highest among its trading partners, has been narrowing in recent years, according to Commerce and Industry Minister Piyush Goyal. The deficit grew at a…
The Philippines has been granted permission by the United States to export 25,300 metric tons of raw sugar in fiscal year 2024, ending a four-year hiatus. Additionally, the US has…
India’s edible palm oil industry is poised for significant growth, with CRISIL Ratings projecting a revenue increase of approximately 10% this fiscal year. This growth is driven by steady demand…