The Iron Rod and Steel Distributors Employers of Nigeria (IRSDEUN) is demanding the outcome of the reports on suspected iron rod producers from the Standard Organization of Nigeria and Tax laws from the Federal Inland Revenue Service, as mandated by the House of Representatives Committee on Steel Development. Industrial Times, learned that in a letter…
▪︎Image of the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite. Credit: X On June 28, 2024, the Acting Executive Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, led the Commission’s investigators to storm three steel manufacturing firms in Ogun State to investigate an allegation of manufacturing of sub-standard…
This will make it the sixth company to exit Nigeria in the first half of 2024 after Microsoft Nigeria, Total Energies Nigeria, PZ Cussons Nigeria PLC, Kimberly-Clark Nigeria and Diageo PLC .
Data from the National Steel Raw Materials Exploration Agency (NSRMEA), shows that total steel consumption in the country averages around 10 million metric tonnes of which 70 percent is imported.
