Manufacturing

Nigerian manufacturers recorded improved sales in the second quarter of 2026, but the gains did not translate into higher production, stronger investment, or increased employment. This development highlights a growing disconnect…

For decades, Nigeria has been known as one of the world’s largest crude oil producers, yet it captured only a fraction of the wealth its natural resources created.  The country exported crude, imported refined products, and watched other…

Nigeria's three largest cement manufacturers—Dangote Cement Plc, BUA Cement Plc, and Huaxin Building Materials (HBM Nigeria and formerly Lafarge Africa)—reported a combined profit after tax of more than ₦1.17 trillion in the first half…

HBM Nigeria Plc delivered a strong financial performance in the first half of 2026, with profit after tax rising 57 per cent to ₦208.35 billion, supported by higher cement sales, improved distribution and effective cost management. The…

Nigeria’s manufacturing sector crisis is deepening as new figures show falling tax revenue and weaker industrial activity. The Alliance for Economic Research and Ethics (AERE) has urged the Federal Government and the Central Bank of Nigeria…

Nigerian manufacturers are increasingly selling goods below production cost as they struggle to clear nearly ₦2 trillion worth of unsold inventory, highlighting the mounting pressure facing the country’s industrial sector. According to…

The Federal Government says the Nigeria Industrial Policy has attracted more than $380 million in financing commitments within 90 days. A new progress report from the Office of the Minister of State for Industry, Senator John Owan Enoh,…

Nigerian banks continued to channel most of their lending to the oil and gas industry in 2025, while financing for manufacturers declined sharply. New data from the Central Bank of Nigeria (CBN) shows that bank lending in Nigeria…

Nigerian banks turned a blind eye to their major role of supporting the private sector, especially the manufacturing industry, opting to deposit excess liquidity with the Central Bank of Nigeria (CBN) in June 2024, according to financial…

Production cost rose the highest in Nigeria’s manufacturing and agriculture sectors in the month of January 2023, driven by sharp increases in energy and raw material costs, Purchasing Managers Index (PMI) has shown. The PMI…