The Nigerian Economic Summit Group (NESG) has emphasized the need for Nigeria to reevaluate and diversify its trade partnerships, particularly by shifting focus towards countries that remain unaffected by the tariffs imposed by the United States. This recommendation is articulated in the NESG’s latest Foreign Trade Alert for the fourth quarter of 2024 and the…
The Manufacturers Association of Nigeria (MAN) and Fairtrade Messe have entered into a partnership to drive industry growth and innovation in Nigeria’s agro-food and packaging sectors. Fairtrade Messe is the organizer of the annual agrofood & plastprintpack Nigeria trade shows with a global focus on the food, agro-allied, beverage, plastics, printing, and packaging industries. The…
The Manufacturers Association of Nigeria (MAN) has called on the Financial Reporting Council of Nigeria (FRCN) to reconsider the implementation of annual turnover fees for private companies. Segun Ajayi-Kadir, the Director-General of MAN, highlighted the potential negative impact these fees could have on manufacturing firms, particularly those that are classified as non-listed entities, and urged…
The Pan-African Manufacturers Association (PAMA) has issued an urgent alert regarding the devastating effects of insecurity on Africa’s manufacturing sector. In its February 2025 news bulletin, PAMA pointed to grave examples, particularly the destruction wrought by Boko Haram, ISWAP, and Ansaru in Nigeria’s northeastern regions, which have forced more than 60 manufacturing firms to shutter…
The Speaker of the House of Representatives, Abbas Tajudeen, has expressed a commitment to collaborate with the Federal Ministry of Industry, Trade and Investment, the Federal Ministry of Foreign Affairs, and various relevant institutions and corporate entities to address and eliminate trade barriers between Nigeria and Morocco. During a recent stakeholders’ meeting focused on Nigeria-Morocco…
The Federal Government of Nigeria has called on the organized private sector to consistently demand quality products and services from the public sector in order to foster a culture of quality across the country. Senator George Akume, Secretary to the Government of the Federation, highlighted the importance of quality during a workshop on the Sustainable…
Mr. Manish Mundra is the Managing Director of Indorama Eleme Petrochemicals Limited (IEPL). Under his watch, the company has become a major player in Nigeria’s economy. It provides raw materials for over 300 plastics manufacturers, generating employment for a teeming population and improving the lives of host communities The firm provides world-class products at competitive…
“I’m resting after delivering the $20 billion Dangote Petroleum Refinery.” Alhaji Aliko Dangote made this comment, today, in response to Mr Femi Otedola’s invitation to come and invest in Eko Atlantic city. He spoke during the groundbreaking ceremony of the 43-storey building new First Bank Head Office at Eko Atlantic City in Lagos. Dangote said:…
By Dare Adekanmbi LONG before Nigeria claimed its independence in 1960, agriculture was the heartbeat of its economy. The stories of the First Republic highlight how various regions flourished— from the North’s bustling groundnut pyramids to the fertile cocoa farms in the West, and the East’s thriving rubber and palm oil production. Each region carved…
The Ministry of Industry, Trade and Investment is in discussion with the International Finance Corporation (IFC) to establish carbon markets across the country. The aim is to guarantee economic and sustainable industrial growth. Dr Jumoke Oduwole, the Minister of the sector, disclosed this when she was featured in a ministerial briefing by the Ministry of Information…
