Many a consumer in Nigeria are angry, threatening and mobilising others to boycott Erisco Foods products. This is in connection with the latest alleged Police attack on Chioma Okoli over Erisco Tomato Review. Human Rights Lawyer- Inibehe Effiong, ESQ (Lead Counsel to Chioma) gave the update via his social media platform, headlined ‘ IGP OVERRULES…
▪︎Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, tour Dangote Sugar Refinery Plc, yesterday. Stakeholders in the manufacturing sector are pressuring Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, to pay the N75 billion for 75 industries Presidential loan . They made the demand when the Minister toured some leading manufacturing…
The Manufacturers Association of Nigeria (MAN) has condemned the EFCC’s Gestapo Style of invasion of Dangote Industries Limited HQ in its quest for foreign exchange allocations document. ” It wasn’t the best way to make enquiries and secure documents from existing domestic investors in the economy,” said MAN, today, in a position statement, signed by…
The 10 African countries with the lowest price of fuel at the start of 2024. This list is courtesy of GlobalPetrolPrices.com and was last updated on the 1st of January 2024. Picture: NNPCL GMD; Mele Kyari
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
Peter Obi, a former Governor of Anambra State/ LP Presidential Candidate, called on the federal government “to not only discourage more business shutdowns in Nigeria but also encourage a high inflow of foreign direct investment and local investment in the nation.” This’ s his reactions to the exit of Jubilee Syringe Manufacturing (JSM) (the largest…
An item is tagged N800, and when you pick some quantity with a known price, you will be shocked that the price at the pay counter will be over N1000 per item.
2024 is here. What are the themes and trends to watch in the manufacturing sector in Nigeria? Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria(MAN) , pinpoints the following anticipated developments and trends: ▪︎Dwindling GrowthA quick examination of the trajectory of manufacturing globally portrays a struggling sector that is now more than ever challenged…
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
The United Nations Industrial Development Organisation (UNIDO) says that globally, there was a 2.3% growth in industrial sectors, encompassing manufacturing, mining, electricity, water supply, waste management, and other utilities, signalling a post-pandemic recovery. UNIDO, in its 29th edition of the International Yearbook of Industrial Statistics, said that manufacturing accounted for most of this dynamism, with…
