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Browsing Category
Manufacturing
My Govt Has Given N100Bn Loans To Indigenous Manufacturers – Buhari
In order to increase their financial bases and increase domestic production of pharmaceuticals and medical supplies, the Federal Government has given loans totaling N100 billion to domestic pharmaceutical producers and healthcare investors.…
Dangote Cement Deploys Grinding Plants In Ghana, Cote d’Ivoire
In a bid to ensure that Cement becomes available in all African countries, Chief Executive Officer of Dangote Cement, Michel Puchercos, has revealed that his company is ramping up production in its Okpella plant, Nigeria, and progressing…
Manufacturers’ Production Cost Jumps 100% On Stifling Forex Crisis
Manufacturers Association of Nigeria (MAN) has said that production costs have been increased to 100 per cent from 30 per cent due to the foreign exchange crisis.
The association explained that the acute shortage of foreign exchange and…
BUA Cement To Activate Two New Production Lines As Revenue Hits N257.3bn
Bua Cement Plc announced it has finalised plans to switch on two production lines in Edo and Sokoto to improve its total earnings which peaked at N257.3 billion in 2021.
The two lines are expected to take the Cement firm's total…
FG, BoI Endorse Coleman’s $100m Fibre Optic Cables Project
Key agencies of government and the United States Embassy in Nigeria, have lauded Coleman Wires and Cables and Corning Inc. U.S.A over the $100million optic fibre cable.
The project located in Arepo, a suburb in Ogun State, Nigeria, is…
Emefiele Seeks Dedicated Route For Exporters
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has asked for the creation of a dedicated route for exporters in the non-oil export space.
"We have Nigerian Ports Authority and the Nigeria Customs Service…
Dangote Cement Dividend Payment Jumps 25% To N20
Shareholders of Dangote Cement Plc yesterday commended the Management of the company for an impressive performance despite the economic challenges in the year under review.
Unanimously, the shareholders approved N20 per share for the…
Nigeria Produces Military, Paramilitary Uniforms From Jan 2023, Says ICRC
The efforts to revive the Nigerian textile sector may have started to yield fruit as the uniforms for the country's military and paramilitary personnel will be produced locally from January 2023
The Infrastructure Concession Regulatory…
Manufacturers Spend N71.22bn On Alternative Energy In 2021
Manufacturers in the country saved N10.69 billion on the cost of alternative energy to power their factories in 2021, spending N71.22 billion and lower than N81.91 billion expenditure in 2020.
The N71.22 billion however, is on the high…
What The 13.5% MPR Means To Manufacturers
The manufacturing Association of Nigeria (MAN) has stated that the increase of the benchmark rate will hurt its members that are visibly struggling to survive the numerous strangulating fiscal and monetary policy measures and reforms.…