Nigeria’s Industrial sector activities decline in August – CBN PMI
Among the 17 sub-sectors surveyed in the Industry sector, 7 recorded expansions, while the remaining 10 sub-sectors indicated contraction.
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Ogun targets 500 residents for lead poisoning tests
We’re going to test about 500 people, including factory workers, residents living close to the industries and even their suppliers.
The Solution to Lagos Plastic Waste Ban – Ajayi-Kadir
• Inside Innoplas factory during the visit “The solution to Lagos’ plastic waste challenge is not the blunt force of outright ban,” but the deliberate design of integrated waste collection systems, investment in recycling infrastructure, and circular partnerships between government and industry.” The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, commented when…
Investments: BritishIntInv Visit Nigeria’s Industry Minister
They expressed keen interest in opportunities within the agri value chain, infrastructure, renewable energy and manufacturing.
Afreximbank prioritises raw materials processing across Africa
Accordingly, the bank is partnering with the Ogun State government to drive fabric processing finance amid its objective of turning raw materials into finished goods.
Pharmaceutical Manufacturers Applaud Tariffs Removal on Pharma Imports
The President of the Pharmaceutical Society of Nigeria (PSN), Prof Cyril Usifoh, has conveyed the gratitude of the operators in the sector, to President Bola Tinubu for haven granted zero tariffs, excise duties and VAT specified on pharmaceuticals, machineries, equipment and raw materials. In a statement, Prof said that the tariffs removal will encourage local…
Manufacturers Give Conditions for Paying Minimum Wage
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 Refinery Reacts to Global Fall in Crude Oil Prices
Dangote Petroleum Refinery on Saturday reacted sharply to the trending decline in international crude oil prices. The refinery announced an adjustment to its ex-depot price of petrol, from N950 to N890, effective from Saturday, February 1. A statement from Dangote Petroleum Refinery, issued by the Group’s Chief Branding and Communications Officer, Anthony Chiejina, said that…
Zimbabwe’s Steel Industry Revitalized with New $1.5 Billion Plant
Zimbabwe’s got itself a brand new iron and steel manufacturing plant, courtesy of the Chinese. Metal Miner reports that this U.S. $1.5 billion Chinese-built plant’s blast furnace recently came online and is already producing pig iron, a crucial ingredient for making steel. The team over at Dinson Iron and Steel Company (Disco), the Zimbabwean subsidiary of Chinese…
FG Setting up New Cotton and Textile Dev Board
The board, when set up, will be domiciled in the Presidency, private sector-driven, with the representation of the relevant public sector stakeholders, and funded from the Textile Import Levy being collected by the Nigeria Customs Service (NCS)