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Manufacturing
Certification Revoked For 3 Daihatsu Cars Due To Safety Scandal
The Japanese government is revoking certification for three Daihatsu Motor Co. vehicles after an investigation found the Toyota Motor Corp. affiliate had been manipulating collision safety test results for decades.
Transport Minister…
Trade Minister Tours Manufacturing Firms To Strengthen Ties Between Public, Private Businesses
The Minister of Trade, Industry and Investments, Doris Uzoka-Anite has begun a four day tour of manufacturing industries in the country for first hand knowledge of the sector's challenges and to improve ties between the public sector and…
MAN Predicts Tough Terrain, 3.2% Growth For Real Sector In 2024
Following the dwindling economy and the drop in sectoral growth at the twilight of 2023, the Manufacturers Association of Nigeria (MAN) has predicted a difficult first half of 2024 for the real sector which it said will end the year with…
Why FCCPC Slams $110m Penalty On BAT – Irukera
The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera Thursday explained that British American Tobacco Nigeria Limited was slammed with a $110 million penalty because it engaged…
Toyota Reaches New Heights, Sells 986,262 Units In November
The world's biggest carmaker, Toyota's worldwide production in November reached an all-time high at 1,067,446 units and sales rose to 986,262 units, 12 percent higher from a year earlier, including that of subsidiaries Hino Motors Ltd. and …
SON Commits To Intensify Fight Against Fake, Substandard Goods
The Standards Organisation of Nigeria (SON) has reaffirmed its commitment to intensifying its fight against fake and substandard goods in the country.
The Director General of Standard Organisation of Nigeria (SON), Ifeanyi Okeke pledged…
Manufacturers Lament Challenges Hampering Intra-African Trade
Two years after the commencement of trade on the African Continental Free Trade Area (AfCFTA) platform on January 1, 2021, manufacturers in Nigeria have cried out over challenges inhibiting the progress of the initiative.
Expectations…
Why More Manufacturers May Leave Nigeria After P&G – MAN
The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has regretted the exit of multinational consumer goods manufacturer, Procter & Gamble from Nigeria, saying that more manufacturers may follow…
AfCFTA, UBA In $6bn Pact To Fund SMEs For New Trade Opportunities
Nigeria’s Tier One Lenders, United Bank for Africa has signed a $6bn Memorandum of Understanding with the African Continental Free Trade Area secretariat to fund Small and Medium Enterprises to help them tap into the opportunities presented…
Sanwo-Olu Pledges Actions To Grow Business, Improve Livelihood In Lagos
The Governor of Lagos state, Babajide Sanwo-Olu said he would continue to pursue actions that would eliminate red tape and regulatory impediments hindering the growth of businesses in a demonstration of his willingness for continued…