MANUFACTURING

The Business Confidence Monitor report compiled by the Nigeria Economic Summit Group and Stanbic IBTC reveals that the Nigeria's manufacturing sector records poor business performance in January, 2025 According to the report, the manufacturing sector scored -0.66 on the Business Confidence Monitor (BCM) Index for January 2025. This reflects a...

The Manufacturers Association of Nigeria (MAN) has criticised the proposed 15 percent increase in tariff by the Nigerian Ports Authority (NPA). It will be recalled that on February 6, the NPA said it secured approval to increase its tariffs by 15 percent to enhance infrastructure and upgrade equipment. The upward...

natnudO Foods commissions Benin City processing plant, launches natnuPreneur Scheme to empower farmers and entrepreneurs in Edo State Amo Farm Sieberer Hatchery Limited's subsidiary, natnudO Foods, a leading producer of high-quality animal protein, has officially commissioned its new processing plant in Benin City, Edo State. Located in the Obayanto community,...

  The net worth of African billionaire businessman, Aliko Dangote, on Wednesday, recorded a $15.1 billion (N24.71 trillion) increase, jumping to $27.8 billion. The businessman’s initial net worth was $12.8 billion. According to the Bloomberg Billionaires Index, published on Thursday, his current net worth is the highest wealth increase among...

  The Manufacturers Association of Nigeria (MAN) has raised concerns about the average maximum lending rate of 35 per cent charged by commercial banks on loans to its members in the second quarter (Q2) of 2024. MAN said the lending rate increased by 6.4 per cent in Q2 – up...

    The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to expend cost saving from fuel subsidy to combat inflationary pressures from insecurity, energy and transport cost. MAN also said that sectoral real growth in 2024 is expected to hit about 3.2 per cent. The organization in...

  US consumer goods powerhouse Procter & Gamble (P&G) will discontinue manufacturing in Nigeria and pivot to import-only activity, the company has said. The multinational expects $2.5 billion in charges over the next two years from rejigging operations in some of its markets and writing down the value of its...

  Dangote Cement has concluded plans to expand its production capacity with the construction of a new 6Mt integrated cement plant in Itori, Ogun State, according to the company’s Group Managing Director, Arvind Pathak. He also disclosed that Dangote Cement will soon deploy grinding plants in Ghana and Cote d’Ivoire...

Oyo State Governor, Seyi Makinde, on Wednesday, pledged support to Mouka Foam Nigeria, in a bid to expand its business base in the state. Makinde gave this assurance when the management of Mouka Foam Limited led by its Managing Director, Femi Fapohunda paid him a courtesy visit at the governor’s...

Oyo State Governor, Engineer 'Seyi Makinde, on Wednesday, pledged to give support to Mouka Foam Nigeria, in a bid to expand its business base in the state. The assurance was given during a courtesy visit paid to his office at the Secretariat, Agodi, Ibadan, by the management of Mouka Foam...