From left : The Manufacturers Association of Nigeria (MAN) Director -General, Segun Ajayi-Kadir, exchange plesantary with Michael Olawale-Cole, the former President of Lagos Chamber of Commerce and Industry.
The brewery industry is now facing severe cost pressure as prices of local raw materials rise astronomically undermining their backward integration strategy. Industry stakeholders said the cost pressures coming from sorghum, wheat and others would remain elevated, driven by the impact of rising inflation, insecurity across agricultural belts in the country as well as other…
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
“We’re going to be a small craft brewery compared to the big guys, but we believe we can make the best beer and we can keep growing in our own way and do things in our own style. “I will be very happy with 1% of the Nigeria’s $7 billion beer market. Even half of…
The Federal Competition and Consumer Protection Commission (FCCPC), on Tuesday, reacted to the negative criticism by the Organised Private Sector and other interested parties regarding its recent directive to businesses to cease price gouging, price fixing, and other exploitative practices. “Price control is entirely outside the scope of our responsibilities.” In a statement on its…
Nigeria’s entertainment industry is now worth $10.8 billion in revenue. The US International Trade Administration gave the estimate, emphasising that the industry is largely driven by Nollywood films and Afrobeats music. Nollywood alone produces more than 2,500 films per year.This makes it the world’s second-largest film industry by volume. Afrobeats has also contributed over $8…
According to the resource persons, poor understanding of the community by governments and policy makers have led to a loss of value and an under-appreciation of created value in recent times.
ISO 37003 offers a practical and scalable framework that organisations can implement to strengthen internal controls and build resilience against financial crimes.
The Oyo State Government has banned the use of styrofoam, popularly called takeaway packs for packaging food. The State’s Commissioner for Health Oluwaserimi Ajetunmobi, stated this during the Food Safety Stakeholders Forum held today, at the Conference Room of the Ministry in Ibadan. Ajetunmobi said the menace of food poisoning, indiscriminate use of chemical products…
