Nigeria Can Stop $600m Annual Sugar Importation – NACETEM
NACETEM is currently awaiting the Federal Executive Council approval on some of its innovative policies including commercialisation of some research outputs
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Dangote Sugar Records N46.7bn FX Losses FY 2025
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…
MAN Hails RMRDC Local Sourcing Bill at National Assembly
▪︎ The Manufacturers Association of Nigeria (MAN) has applauded the Raw Materials Research and Development Council (RMRDC) for its sponsorship of a bill at the National Assembly to shut Nigeria’s borders against the importation of industrial raw materials that can be locally sourced. ” It is a first of its kind, as it holds enormous…
AI Adoptions By Companies Rise to 72% from 55% in 2024 – McKinsey
AI technologies include Microsoft Copilot, Google’s Gemini, and ChatGPT, etc.
Manufacturing and Not Services Sector Drives Real Economic growths – MAN
The Manufacturers Association of Nigeria (MAN) says that the manufacturing industry and not the services sector is essential for driving real economic growths . Segun Ajayi-Kadir, the Director-General of MAN, affirmed this in reaction to the NBS GDP reports for the third quarter of 2024 in which the Services sector dominated the composition of the…
Akpabio: Senate will pass RMRDC raw materials bill into law
“If any of the values were to be added in Nigeria before exporting them, we would have had at least, a factory for those chains that would have also created jobs for our people outside what the farmers are doing,” he said.
Asaba Chamber of Commerce Elects Monu-Oduah New President
Monu-Oduah promised to use her connections and experiences to give purposeful leadership.
“Why I Don’t Take Food and Beverages in Aba “
Some time ago, a friend of mine living in Lagos State told me that whenever he is on business travels to Aba, Abia State, he doesn’t drink water or tea neither in the hotel he lodges nor buys from the shops outside. Curiously, I asked him why.? “They are fake products,” he replied. He added,…
Shell Nigeria Gas MD Speaks on Multiplier Effects of Clean Energy on Industries, Economy
By Franklin Ocheneyi ” With natural gas, we are driving industrialisation, providing employments and improving the internally generated revenues (IGR) in the states where we operates.” The Managing Director of Shell Nigeria Gas (SNG), Mr. Ralph Gbodo, stated this during Nigeria’s largest manufacturing, Equipment and Raw Materials event hosted by Manufacturers Association of Nigeria (MAN)…
Bonny Chamber set for Investment and Tourism Expo
The Bonny Kingdom Chamber of Commerce is set to kick off the first Bonny Investment and Tourism Expo. The Investment and Tourism Expo is scheduled to hold between June 9 and June 12, 2025. The President of Bonny Chamber of Commerce, Mrs Constance Nwokejiobi, disclosed this to journalists in Port Harcourt, yesterday. She said that…