“Nigeria has not financed any major power generating plant in 11 years after government scrapped key risk guarantees that once attracted global investors.” That’s the Chairman of Geometric Power Group, Prof. Barth Nnaji. Nnaji stated this Monday in Lagos at the ongoing 19th Annual Conference of the Nigerian Association for Energy Economics (NAEE), under the…
Manufacturing companies in Nigeria says that unless the federal government address the challenges confronting their businesses, they won’t be able to pay the new minimum wage of N70,000 agreed with Labour. Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria (MAN) disclosed this, following the recent Presidential announcement on the new minimum wage. Ajayi-Kadir said…
Dangote Sugar Refinery Plc profitability was weighed down by a foreign exchange loss of N46.7 billion and additional finance costs totaling N128.6 billion in financial year ended 2025. Dangote Sugar Chairman, Arnold Ekpe, told shareholders during the Company’s 20th Annual General Meeting held yesterday in Lagos. Arnold Ekpe said that the Group posted a turnover…
Today, UNIDO says that it has helped over 400 enterprises around the world to convert their industrial production lines to climate-friendly options and supports the member states with its technical expertise and best practices from its projects. UNIDO Director- General Gerd Müller, disclosed this in a statement to mark the 2024 World Ozone Day. The theme for this year’s…
We urge the governors to prioritise infrastructure development, particularly in industrial areas. Power supply remains a major challenge in states like Osun, while road networks, water access, and storage infrastructure in Ondo require urgent attention.”
A visibly agitated plaza owner, who arrived while his shop was being pulled down, screamed from his car that no notice was served before the bulldozers moved in.
• Omotayo Okewunmi Mrs Omotayo Okewunmi, is the Chief Operating Officer (COO) of Saldrey Communications Limited. In this exclusive interview with Industrial Times, she shares insights on the company’s unique niche services to brands across sectors , and how it aims to sustain the momentum in a rapidly evolving business and political landscape. EXCERPT: How…
Reacting, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi, explained that the deficit is not only a result of consumer choices but also of government procurement patterns.
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.
Image: Dr Jumoke Oduwole, Minister of Industry Trade and Investment The recent surge in global fuel prices, driven by geopolitical tensions, is compounding Nigerian manufacturers challenges, prompting their call for urgent government intervention to cushion the impact on small and medium enterprises and other critical sectors. Making the calls are the Managing Director/CEO of Coleman…
