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MANUFACTURING

MANUFACTURING

Promasidor Launches New Cereal Product
MANUFACTURING NEWSLETTER

Promasidor Nigeria Limited (PNL) has commenced a new phase of manufacturing products with a high level of local content in terms of their raw materials. This was made ...
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Ban Generator Importation
COVER MANUFACTURING NEWSLETTER

The Manufacturers Association of Nigeria (MAN) has said it is opposed to the bill seeking to ban the importation of electricity generators into the country. This is as ...
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Dangote
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Aliko Dangote, a foremost industrialist, has identified Nigeria’s large domestic market as an incentive to import substitution and diversification of the domestic economy. Dangote, speaking in Abuja at ...
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SON
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The Standard Organisation of Nigeria (SON) says it has concluded plans to unveil sealed code to enable consumers to detect fake products in the markets. The SON Coordinator ...
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Nestlé Nigeria
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Nestlé Nigeria Plc has announced its financial results for the year 2019, posting improved bottom-line and declaring a final dividend of N45 per share. Audited results showed that ...
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CBN Adjusts Official Exchange Rate
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The Manufacturing Purchasing Managers Index (PMI) stood at 58.3 index points in February, indicating expansion in the manufacturing sector for the 35th consecutive month. However, the index grew ...
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Dangote Fertilizer
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Dangote Fertilizer Limited has begun countdown to the inauguration of its $2 billion Granulated Urea Fertilizer complex, with several critical sections of the plant going through various stages ...
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Ban on Plastic Production
COVER MANUFACTURING NEWSLETTER

The Nigerian National Assembly in collaboration with the Ministry of environment is proposing a bill that will prohibit the production of plastic in the Country. The bill will ...
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FG
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The federal government has partnered with the Katsina State Government to establish am Integrated Textile and Garment Park in Funtua Local Government Area of the state. The project, ...
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Manufacturers Association of Nigeria
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The Manufacturers Association of Nigeria (MAN) has lamented over the low rate that local raw materials are utilized in the manufacturing sector. The body attributed the development to the policy ...
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SON
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The Standards Organisation of Nigeria (SON) says it has concluded plans to establish laboratories in the six geo-opolitical zones for testing products and ensuring standardisation in the country. ...
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Nigerian Breweries
MANUFACTURING

…amounts represents 100% earnings-payout ratio The Board of Directors of Nigerian Breweries Plc has announced the company’s results for the 2019 financial year with a dividend recommendation of ...
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CBN Adjusts Official Exchange Rate
COVER MANUFACTURING NEWSLETTER

Nestle Nigeria and Friesland Campina WAMPCO are reportedly planning to sign an agreement with the Federal Government and the Central Bank of Nigeria (CBN) for local milk production. This ...
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CBN Adjusts Official Exchange Rate
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The Central Bank of Nigeria (CBN) has restricted foreign exchange for milk importation to six companies in Nigeria to boost local production. This was disclosed in a circular issued on ...
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Lafarge Africa
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Lafarge Africa Plc has announced the resignation of Mr. Jean-Philippe Benard as a Non-Executive Director. The resignation took effect from 24th of January 2020. The company announced this in ...
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International Breweries
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International Breweries has released its UNAUDITED results for Q4 2019, thus we merged the results with 9M figures to arrive at our FY 2019 figures. Based on the ...
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Guinness Nigeria
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Guinness Nigeria Plc, a leading beverage, and alcohol company in Nigeria has announced its unaudited results for its first half (H1) year period ended December 31, 2019. The ...
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Unilever Nigeria
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Shareholders of Unilever Nigeria Plc last Friday reported a loss of N4.22 billion for the year ended December 2019, compared with N10.148 billion posted in 2018. The shareholders ...
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Obasanjo
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Former President Olusegun Obasanjo has made an inroad into the garment business in Nigeria with the establishment of a factory, Heritage Apparel, in Abeokuta, Ogun State. The opening of the ...
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Flour mills
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Flour Mills of Nigeria Plc, the country’s biggest miller by market value, has revived plans to sell bonds to refinance debt and bolster working capital as borrowing costs ...
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