Manufacturing Archives - Nairametrics https://nairametrics.com/category/industries/manufacturing/ Destination for Business news and analysis from Africa's largest economy Thu, 13 Jun 2024 17:42:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Manufacturing Archives - Nairametrics https://nairametrics.com/category/industries/manufacturing/ 32 32 201037849 Dangote to venture into steel production, targets meeting demand in West Africa https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/ https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/#comments Thu, 13 Jun 2024 11:23:59 +0000 https://nairametrics.com/?p=491180 Alhaji Aliko Dangote has mooted plans to delve into steel production in the near future stating that he wants to ensure that every steel used in West Africa comes from Nigeria.

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]]> https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/feed/ 2 491180 Presidential tax committee proposes exemption of manufacturers and farmers from withholding tax  https://nairametrics.com/2024/05/30/presidential-tax-committee-proposes-exemption-of-manufacturers-and-farmers-from-withholding-tax/ https://nairametrics.com/2024/05/30/presidential-tax-committee-proposes-exemption-of-manufacturers-and-farmers-from-withholding-tax/#comments Thu, 30 May 2024 17:48:13 +0000 https://nairametrics.com/?p=490298 The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has stated that the committee has proposed an exemption of manufacturers and farmers from paying withholding tax as a way of reducing the tax burden on businesses.  

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]]> https://nairametrics.com/2024/05/30/presidential-tax-committee-proposes-exemption-of-manufacturers-and-farmers-from-withholding-tax/feed/ 1 490298 Huggies maker, Kimberly-Clark, to stop production three years after investing $100m in Nigeria  https://nairametrics.com/2024/05/30/huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/ https://nairametrics.com/2024/05/30/huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/#comments Thu, 30 May 2024 10:23:11 +0000 https://nairametrics.com/?p=490254 Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an imminent shutdown of its Ikorodu production facility two years after investing $100 million in Nigeria.  

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]]> https://nairametrics.com/2024/05/30/huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/feed/ 4 490254 Nigeria has attracted $3.5 billion investment to textile industry in one year – Minister https://nairametrics.com/2024/05/28/nigeria-has-attracted-3-5-billion-investment-to-textile-industry-in-one-year-minister/ https://nairametrics.com/2024/05/28/nigeria-has-attracted-3-5-billion-investment-to-textile-industry-in-one-year-minister/#comments Tue, 28 May 2024 14:23:36 +0000 https://nairametrics.com/?p=490099 The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that the federal government has secured $3.5 billion in investments to enhance Nigeria’s textile, cotton, and apparel sector in Nigeria.

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]]> https://nairametrics.com/2024/05/28/nigeria-has-attracted-3-5-billion-investment-to-textile-industry-in-one-year-minister/feed/ 1 490099 FG revokes 2,531 mineral titles for payment default, inactiveness in one year  https://nairametrics.com/2024/05/24/fg-revokes-2531-mineral-titles-for-payment-default-inactiveness-in-one-year/ https://nairametrics.com/2024/05/24/fg-revokes-2531-mineral-titles-for-payment-default-inactiveness-in-one-year/#respond Fri, 24 May 2024 17:38:29 +0000 https://nairametrics.com/?p=489883 The Federal Government of Nigeria has revoked 2,531 mineral titles due to payment default and inactivity over the past year. 

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]]> https://nairametrics.com/2024/05/24/fg-revokes-2531-mineral-titles-for-payment-default-inactiveness-in-one-year/feed/ 0 489883 Cement makers should enjoy same gas concessions as electricity companies – Minister https://nairametrics.com/2024/05/22/cement-makers-should-enjoy-same-gas-concessions-as-electricity-companies-minister/ https://nairametrics.com/2024/05/22/cement-makers-should-enjoy-same-gas-concessions-as-electricity-companies-minister/#comments Wed, 22 May 2024 07:29:00 +0000 https://nairametrics.com/?p=489603 The Minister of Industry, Trade and Investment, Mrs. Doris Nkiruka Uzoka-Anite, has advocated for extending the gas concessions currently given to electricity companies to cement manufacturers to help address the rising prices.

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]]> https://nairametrics.com/2024/05/22/cement-makers-should-enjoy-same-gas-concessions-as-electricity-companies-minister/feed/ 1 489603 MAN says 60% of manufacturers in North-East shut down by insecurity https://nairametrics.com/2024/05/19/man-says-60-of-manufacturers-in-north-east-shut-down-by-insecurity/ https://nairametrics.com/2024/05/19/man-says-60-of-manufacturers-in-north-east-shut-down-by-insecurity/#respond Sun, 19 May 2024 18:26:14 +0000 https://nairametrics.com/?p=489390 Mr. Segun Ajayi-Kadir has said that between 56% and 60% of the association’s members in the North-East Nigeria have been shut down by insecurity in the region.

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]]> https://nairametrics.com/2024/05/19/man-says-60-of-manufacturers-in-north-east-shut-down-by-insecurity/feed/ 0 489390 FG needs N70 billion for solid minerals exploration – Minister   https://nairametrics.com/2024/05/10/fg-needs-n70-billion-for-solid-minerals-exploration-minister/ https://nairametrics.com/2024/05/10/fg-needs-n70-billion-for-solid-minerals-exploration-minister/#comments Fri, 10 May 2024 06:22:54 +0000 https://nairametrics.com/?p=488496 Minister of Solid Mineral Development, Mr. Dele Alake, has said that the Federal Government requires around N70 billion to fund solid minerals exploration activities across the country.  

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]]> https://nairametrics.com/2024/05/10/fg-needs-n70-billion-for-solid-minerals-exploration-minister/feed/ 1 488496 NACCIMA asks CBN to cap cybersecurity levy at N500 https://nairametrics.com/2024/05/08/naccima-asks-cbn-to-cap-cybersecurity-levy-at-n500/ https://nairametrics.com/2024/05/08/naccima-asks-cbn-to-cap-cybersecurity-levy-at-n500/#respond Wed, 08 May 2024 15:29:48 +0000 https://nairametrics.com/?p=488325 The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has asked the federal government and Central Bank of Nigeria (CBN) to cap the maximum amount for the new introduced cybersecurity levy at N500 to ameliorate the burden on the private sector.

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]]> https://nairametrics.com/2024/05/08/naccima-asks-cbn-to-cap-cybersecurity-levy-at-n500/feed/ 0 488325 AU says $15 billion needed to increase manufacturing of mineral fertilizers in Africa https://nairametrics.com/2024/05/08/au-says-15-billion-needed-to-increase-manufacturing-of-mineral-fertilizers-in-africa/ https://nairametrics.com/2024/05/08/au-says-15-billion-needed-to-increase-manufacturing-of-mineral-fertilizers-in-africa/#respond Wed, 08 May 2024 07:45:16 +0000 https://nairametrics.com/?p=488242 AU seeks $15 billion private sector investment to boost mineral fertilizers production.

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]]> https://nairametrics.com/2024/05/08/au-says-15-billion-needed-to-increase-manufacturing-of-mineral-fertilizers-in-africa/feed/ 0 488242 Dangote, BUA Cement’s energy costs gulp N238 billion in Q1 2024 as inflation, exchange rate bite https://nairametrics.com/2024/05/08/dangote-bua-cements-energy-costs-gulp-n238-billion-in-q1-2024-as-inflation-exchange-rate-bite/ https://nairametrics.com/2024/05/08/dangote-bua-cements-energy-costs-gulp-n238-billion-in-q1-2024-as-inflation-exchange-rate-bite/#respond Wed, 08 May 2024 06:40:08 +0000 https://nairametrics.com/?p=488225 This amount spent represents 46.36% of the total cost of sales of N514.349 trillion recorded by the cement firms during the period under review.

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]]> https://nairametrics.com/2024/05/08/dangote-bua-cements-energy-costs-gulp-n238-billion-in-q1-2024-as-inflation-exchange-rate-bite/feed/ 0 488225 Nigeria may re-introduce telecom tax to obtain new $750 million World Bank loan  https://nairametrics.com/2024/05/06/nigeria-may-re-introduce-telecom-tax-obtain-new-750-million-world-bank-loan/ https://nairametrics.com/2024/05/06/nigeria-may-re-introduce-telecom-tax-obtain-new-750-million-world-bank-loan/#respond Mon, 06 May 2024 17:48:11 +0000 https://nairametrics.com/?p=488043 Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. 

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]]> https://nairametrics.com/2024/05/06/nigeria-may-re-introduce-telecom-tax-obtain-new-750-million-world-bank-loan/feed/ 0 488043 FG revokes 924 mining licenses, accuses firms of license racketeering https://nairametrics.com/2024/04/25/fg-revokes-924-mining-licenses-accuses-firms-of-license-racketeering/ https://nairametrics.com/2024/04/25/fg-revokes-924-mining-licenses-accuses-firms-of-license-racketeering/#comments Thu, 25 Apr 2024 06:25:17 +0000 https://nairametrics.com/?p=486810 The federal government has revoked 924 inactive mining licenses, alleging that miners had facilitated a black market for acquiring mining titles.

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]]> https://nairametrics.com/2024/04/25/fg-revokes-924-mining-licenses-accuses-firms-of-license-racketeering/feed/ 1 486810 Naira stability will attract more manufacturers to Nigeria – Abiodun Adedipe  https://nairametrics.com/2024/04/06/naira-stability-will-attract-more-manufacturers-to-nigeria-abiodun-adedipe/ https://nairametrics.com/2024/04/06/naira-stability-will-attract-more-manufacturers-to-nigeria-abiodun-adedipe/#respond Sat, 06 Apr 2024 14:01:11 +0000 https://nairametrics.com/?p=485091 The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that Nigeria is poised to attract more manufacturing companies from across the globe if the Naira becomes stable. 

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]]> https://nairametrics.com/2024/04/06/naira-stability-will-attract-more-manufacturers-to-nigeria-abiodun-adedipe/feed/ 0 485091 Erisco Foods: MAN calls for regulations to protect Manufacturer and Consumer interests    https://nairametrics.com/2024/04/02/erisco-foods-man-calls-for-regulations-to-protect-manufacturer-and-consumer-interests/ https://nairametrics.com/2024/04/02/erisco-foods-man-calls-for-regulations-to-protect-manufacturer-and-consumer-interests/#respond Tue, 02 Apr 2024 06:10:12 +0000 https://nairametrics.com/?p=484598 The Manufacturers Association of Nigeria (MAN) has urged for equitable regulatory frameworks to safeguard the interests of both consumers and manufacturers.  

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]]> https://nairametrics.com/2024/04/02/erisco-foods-man-calls-for-regulations-to-protect-manufacturer-and-consumer-interests/feed/ 0 484598 Block Moulders Association calls for lower import duties for fair prices of cement https://nairametrics.com/2024/04/01/block-moulders-association-calls-for-lower-import-duties-for-fair-prices-of-cement/ https://nairametrics.com/2024/04/01/block-moulders-association-calls-for-lower-import-duties-for-fair-prices-of-cement/#respond Mon, 01 Apr 2024 21:56:37 +0000 https://nairametrics.com/?p=484589 The National Association of Block Moulders of Nigeria (NABMON) has appealed to the Federal Government to lower the import taxes on cement production materials to increase foreign investments and reduce the price of cement in the country.

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]]> https://nairametrics.com/2024/04/01/block-moulders-association-calls-for-lower-import-duties-for-fair-prices-of-cement/feed/ 0 484589 Nigeria has 42 billion barrels of Bitumen, to become net exporter – Alake tells Investors  https://nairametrics.com/2024/03/29/nigeria-has-42-billion-barrels-of-bitumen-to-become-net-exporter-alake-tells-investors/ https://nairametrics.com/2024/03/29/nigeria-has-42-billion-barrels-of-bitumen-to-become-net-exporter-alake-tells-investors/#comments Fri, 29 Mar 2024 16:01:46 +0000 https://nairametrics.com/?p=484441 Dele Alake, the Minister of Solid Minerals Development, has informed investors that Nigeria should not import bitumen given its reserves of 42 billion barrels, highlighting the country’s potential to be a net exporter. 

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]]> https://nairametrics.com/2024/03/29/nigeria-has-42-billion-barrels-of-bitumen-to-become-net-exporter-alake-tells-investors/feed/ 1 484441 FG to grant mining licenses to only companies that process locally https://nairametrics.com/2024/03/28/fg-to-grant-mining-licenses-to-only-companies-that-process-locally/ https://nairametrics.com/2024/03/28/fg-to-grant-mining-licenses-to-only-companies-that-process-locally/#comments Thu, 28 Mar 2024 15:26:51 +0000 https://nairametrics.com/?p=484315 New mining licenses will be issued by the federal government solely to companies that propose a strategy for local mineral processing, as part of the new guidelines being established by the Ministry of Solid Minerals

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]]> https://nairametrics.com/2024/03/28/fg-to-grant-mining-licenses-to-only-companies-that-process-locally/feed/ 2 484315 Top 10 banks with highest prime lending rates for manufacturing firms in Nigeria https://nairametrics.com/2024/03/25/top-10-banks-with-highest-prime-lending-rates-for-manufacturing-firms-in-nigeria/ https://nairametrics.com/2024/03/25/top-10-banks-with-highest-prime-lending-rates-for-manufacturing-firms-in-nigeria/#respond Mon, 25 Mar 2024 14:56:54 +0000 https://nairametrics.com/?p=483964 The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) by 400 basis points, elevating it to a historic high of 22.75% to combat inflation and foster economic stability.

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]]> https://nairametrics.com/2024/03/25/top-10-banks-with-highest-prime-lending-rates-for-manufacturing-firms-in-nigeria/feed/ 0 483964 Dangote, Lafarge, BUA Cement’s power cost gulp N598 billion in 2023 as inflation, exchange rate bites  https://nairametrics.com/2024/03/13/dangote-lafarge-bua-cements-power-cost-gulp-n598-billion-in-2023-as-inflation-exchange-rate-bites/ https://nairametrics.com/2024/03/13/dangote-lafarge-bua-cements-power-cost-gulp-n598-billion-in-2023-as-inflation-exchange-rate-bites/#respond Wed, 13 Mar 2024 06:10:24 +0000 https://nairametrics.com/?p=482580 Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and power during the full year ended December 31, 2023. 

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]]> https://nairametrics.com/2024/03/13/dangote-lafarge-bua-cements-power-cost-gulp-n598-billion-in-2023-as-inflation-exchange-rate-bites/feed/ 0 482580