NSDC, NIPC Collaborating To Attract $3bn Investment Into Sugar Industry

▪︎Executive Secretary of NSDC, Mr. Kamar Bakrin The National Sugar Development Council (NSDC), and the Nigeria Investment Promotion Commission (NIPC) are Collaborating to drive in $3 billion investments into the sugar industry, under the National Sugar Masterplan (NSMP) Phase II (2023-2033). This was the outcome of an investment meeting between the Executive Secretary of NSDC,…

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Emefiele Heads To Court To Redeem Reputation, Says CBN Investigator Lies

” I have instructed my lawyers to immediately commence legal process to clear my name from the defamatory statements contained in the report headlined “Re: EMEFIELE , OTHERS STOLE BILLIONS, ILLEGALLY KEPT NIGERIA’S FUNDS IN FOREIGN BANKS“, and by extension the publications.”  That’s Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN)…

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Moniepoint MFB Rewarding Customers With N100k in ‘Refer and Earn ‘ Promotion

▪︎ Acting Managing Director, Moniepoint Microfinance Bank, Babatunde Olofin. Moniepoint Microfinance Bank has launched its latest initiative, “the Moniepoint Personal Banking Refer and Earn” programme. In a statement, the Managing Director, Moniepoint MfB, Babatunde Olofin,  said that this exciting referral programme is designed to reward Business Owners and Moniepoint agents who can earn up to…

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Green Manufacturing Taking Shape in Nigeria With Natural Gas, Solar Energy

By Franklin Ocheneyi GREEN manufacturing is gradually taking shapes in Nigeria as newly built industries are being powered by natural gas and through solar energy. Checks by Industrialtimesngr, shows that some ongoing industrial parks in Lagos,  Ogun, Oyo , Aba and Rivers are running on renewable energies rather than the conventional fossil fuels like petroleum…

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2023 In Review : The Year of Multinational Manufacturers’ Exit From Nigeria

In Summary▪︎On March 17, 2023, Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc, announced it would fold up the production of its homecare and skin-cleansing brands ( Omo, Sunlight and Lux)in Nigeria. “The production for home care category ceased in June 2023, and sales ceased in September 2023. ▪︎ On…

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Duplo Takes Payment Products To Manufacturers

By: Franklin Ocheneyi Duplo, a technology company, participated in the recently held manufacturing, equipment and raw materials exhibitions, organised by the Manufacturers Association of Nigeria (MAN), and the Raw Materials Research and Development Council (RMRDC). In a presentation to the  exhibitor companies (Manufacturers, oil and gas, banks …), Aderonke Folorunso, Head of Sales, Duplo, said: …

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FG’s N75bn For 75 Manufacturers, is Ready For Disbursements- Minister

▪︎Dr. Doris Uzoka-Anite The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, has confirmed that the monies earmarked by President Bola Tinubu to energises the  MSMEs and the manufacturing sectors of the economy , are now ready for disbursement. President Tinubu, in a nationwide broadcast on July 31, had promised to strengthen the manufacturing sector by…

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