Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Manufacturing
BUA Slashes Cement Price To N3,500/bag From Monday
Effective Monday, October 2, the management of BUA Cement Plc will slash the price of its product to N3,500 per bag as earlier promised.
The price of BUA Cement was N5,500 per bag and the Chairman, of the company, Abdul Samad Rabiu,…
FG To Spend N75bn To Strengthen Manufacturing Sector – Minister
The Minister of Industry, Trade and Investment, Doris Uzoka-Anite has disclosed that the Federal government has concluded plans to spend N75 billion by March 2024 to strengthen the manufacturing Sector.
The Minister stated this at the…
Volkswagen Halts Production Over Major IT Components Malfunctioning
Europe's top carmaker, Volkswagen halted production in Germany on Wednesday following a major malfunction of IT network components.
Reuters report noted the whole group, which includes the Porsche AG and Audi brands, was affected.
A…
Rising Sales Trigger Toyota Plans For Third Indian Plant, New SUV
The rising volume of domestic sales owing to the partnership with Suzuki Motors is likely to trigger the third Toyota Motor plant in India in an effort to expand production capacity in the country for the first time in over a decade.
Two…
Manufacturers’ Ability To Create More Jobs Eroded In H1 2023
Following a 56.5 per cent dip in capacity utilisation and an increase of N84.88 billion in the value of its unsold inventory, Nigeria's manufacturing sector's employment generation capacity dropped to 6428 in the first half of 2023.
This…
Elon Musk Says Auto Union’s Demands Would Bankrupt Big Three Carmakers
Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.”
President Joe Biden endorsed the UAW’s demand for a major…
Dangote Cement Remits N412.9bn Tax To Govt in Three years
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for three consecutive years.
The breakdown shows a total of N97.24 billion was paid…
BUA Plans To Cut Cement Price January
The Chairman of BUA Cement Plc, Abdul Samad Rabiu has said that two new production lines would come on stream before the end of the year and this will increase the output and cut down the price of cement by January 2024
Then, the …
Manufacturers’ Confidence Dip Further On Escalating Inflation, Forex Crisis
Escalation of Inflation, high cost of energy, forex crisis and others dampened manufacturing activities in the second quarter of 2023, causing a dip of confidence of operators in the sector by 1.4 point.
The confidence had been on free…
Toyota To Halt Operations At All Japan Assembly Plants Due To System Failure
Toyota Motor Corp will suspend operations at all of its assembly plants in Japan from Tuesday afternoon due to a malfunction with its production system, it said, likely bringing domestic output to a standstill for the world's top automaker.…