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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Oppenheimer Sets To Transform Nigerian GZ Industries, Following Acquisition

South Africa – based  Oppenheimer Partners Limited has bought a  37.5 percent shares in GZ Industries Ltd; – a leading can manufacturing company with factories in Nigeria and South Africa. The acquisition, it was learned, will enable Oppenheimer to transform and drive GZI’s expansion in sub-Saharan Africa. Currently, GZI boasts an annual production of 3…

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