Manufacturing
Manufacturing and general industrial sector news.
Erisco Foods: MAN calls for regulations to protect Manufacturer and Consumer interests
The Manufacturers Association of Nigeria (MAN) has urged for equitable regulatory frameworks to safeguard the interests of both consumers and...
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Block Moulders Association calls for lower import duties for fair prices of cement
The National Association of Block Moulders of Nigeria (NABMON) has appealed to the Federal Government to lower the import taxes...
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Nigeria has 42 billion barrels of Bitumen, to become net exporter – Alake tells Investors
Dele Alake, the Minister of Solid Minerals Development, has informed investors that Nigeria should not import bitumen given its reserves...
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FG to grant mining licenses to only companies that process locally
New mining licenses will be issued by the federal government solely to companies that propose a strategy for local mineral...
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Top 10 banks with highest prime lending rates for manufacturing firms in Nigeria
The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) by 400 basis points, elevating it to a historic high...
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Dangote, Lafarge, BUA Cement’s power cost gulp N598 billion in 2023 as inflation, exchange rate bites
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and...
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Minister Alake urges mineral-rich African countries to favour equity over debt
The Minister of Solid Minerals Development, Dr. Oladele Alake, has recommended that mineral-rich African countries capitalize on their verified mineral...
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767 manufacturing companies shut down in Nigeria, N350 billion goods unsold in 2023
The Manufacturing Association of Nigeria (MAN) has reported a concerning trend within the industry, revealing that about 767 manufacturing companies...
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Nigeria imports $4 billion worth of steel annually – Minister
Shuaibu Audu, the Minister of Steel Development, has stated that Nigeria imports steel valued at $4 billion dollars every year.
Read moreReviving Ajaokuta steel mill to cost Nigeria between $2 to $5 billion- Minister
The Minister of Steel Development, Shuaibu Audu, has stated that reviving the Ajaokuta steel mill will cost something in the...
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