Cement Prices Surge by 100% Over Three-Year Period

The cost of cement has witnessed a significant surge of 100% over the span of three years, reaching a historic high of N7,000, driven...

Nigeria To Seek Foreign Investment Partners in Hydrogen Production

The Federal Government has reiterated its commitment to working with genuine investors to fully realize the country's natural gas resource's potential for national growth...

Apple Passes Samsung As The World’s Biggest Smartphone Manufacturer

According to the most recent International figures Corporation (IDC) figures, Apple will overtake Samsung as the largest smartphone maker for the first time by...

Nigeria’s Manufacturing Trade Deficit Reaches N9.4 Trillion in Nine Months

Nigeria's trade balance for manufactured goods has incurred a deficit of N9.4 trillion in the first nine months of 2023. An analysis of various...

FG To Raise N35 Billion To Start Ajaokuta Steel Plant

By tapping into the local financial market, the Federal Government hopes to raise around N35 billion for the Ajaokuta Light Steel Mill. Following a...

Foreign Investments in Nigerian Manufacturing Sector Decline by 54% in Q3 2023

Foreign investments in Nigeria's manufacturing sector experienced a significant decline of $326 million, representing a 54% drop, in the third quarter of 2023. The...

FBN Holdings, GTCO, FCMB, and Stanbic IBTC Included in NGX Banking Index

The Nigerian Exchange Limited (NGX) has conducted a review of its indexes, resulting in the inclusion of prominent banking stocks such as FBN Holdings,...

NAFDAC Slashes Licensing Fees by 65% to Support Local Manufacturers

In a move to alleviate economic challenges faced by Micro, Small, and Medium Enterprises (MSMEs), the National Agency for Food and Drug Administration and...

Manufacturers Association Urges FG to Clear $7 Billion Debt, Warns of Challenging Year Ahead

The Manufacturers Association of Nigeria (MAN) has expressed concerns about the challenging outlook for manufacturers in the first six months of 2024 and called...

Nigerian Breweries Plc’s Shareholders Approve Acquisition Of Distell Nigeria

Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewing company, have overwhelmingly approved the acquisition of an 80% stake in Distell Wines and Spirits Nigeria...

Manufacturers Pay N900bn Tax In Nine Months

The National Bureau of Statistics' quarterly CIT and VAT data show that, in the first nine months of 2023, the manufacturing industry remitted at...

Nigerian Breweries Plc Announces Board Changes

Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced changes to the composition of its board of directors with the resignation of the Chairman,...

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