Manufacturing Industry News

  • Daily Trust: Out of Recession but not yet out of the woods – MAN President interview
    Daily Trust: Out of Recession but not yet out of the woods – MAN President interview 9/10/2017

    Posted by: The Daily Trust 10th September 2017

    Frank Udemba Jacobs is the President, Manufacturing Association of Nigeria (MAN) in this interview, Jacobs reviews the National Bureau of Statistics (NBS) second quarter report and outlines what government must do to sustain the current growth in the nation’s economy. Excerpt:

  • Leadership.NG: Nigeria’s Manufacturing Investment Hits N3.7trn In 3 Years
    Leadership.NG: Nigeria’s Manufacturing Investment Hits N3.7trn In 3 Years 8/11/2017

    Posted by: OLAJIDE FABAMISE, 11th of August 2017

    Manufacturers in the country under the auspice of Manufacturers Association of Nigeria (MAN) have disclosed that Nigeria’s cumulative manufacturing investment stood at N3.79 trillion in 2016. This is according to a survey conducted by MAN and made available to LEADERSHIP in Lagos.

  • vanguard: Manufacturers import 1.4m MT of raw sugar in H1 2017
    vanguard: Manufacturers import 1.4m MT of raw sugar in H1 2017 8/10/2017

    Posted by: Franklin Alli

    DOMESTIC sugar manufacturers imported over 1.4 million metric tonnes of raw sugar into the country in the first half of 2017 (H1’17). The imports were maily as raw material for final consumer sugar refinery.

  • Business Day: Seaports activity up on back of FX liquidity
    Business Day: Seaports activity up on back of FX liquidity 7/31/2017

    Posted by: Odinaka Anudu & Amaka Anagor-Ewuzie, Business Day, 31st July 2017

    After a very difficult 2016, operators in Nigeria’s seaports are seeing an uptick in business, due to an increase in the volume of imported raw materials, spurred by the appreciation in the value of the naira and availability of foreign exchange.

  • This Day: An Entrepreneur of Note
    This Day: An Entrepreneur of Note 7/3/2017

    Posted by Solomon Elusoji, This Day. 3rd July 2017

    The story of how Yemisi Iranloye built a billion naira business, just years after leaving paid employment

  • The Nation: Banks boost lending despite hard times
    The Nation: Banks boost lending despite hard times 6/28/2017

    Posted by: Collins Nweze, The Nation, 28th June 2017

    An analysis of the 2016 audited financial results of 13 banks, including Stanbic IBTC Bank, has shown that despite low productivity in the manufacturing sector, the lenders recorded about 16.1 percent increase in total credit to the real sector, from the N1.8 trillion in 2015 to N2.1 trillion in 2016. This underscores the pivotal role banks play in the resurgence of the economy.

  • The Guardian: Sona Agro Allied Foods commences biscuit export to Ghana
    The Guardian: Sona Agro Allied Foods commences biscuit export to Ghana 6/27/2017

    Posted by: The Guardian, 27th June 2017

    Sona Agro Allied Foods, one of Nigeria’s leading biscuit and snack companies has started exporting biscuits to other West Africa countries in support of Federal Government’s efforts at encouraging local production as a strategy for economic growth.

  • This Day: Uniyal: Consumers Will Get More Value if Manufacturing Challenges are Surmounted
    This Day: Uniyal: Consumers Will Get More Value if Manufacturing Challenges are Surmounted 6/15/2017

    Posted by: This Day

    Managing Director, Euro Global Foods and Distilleries Limited, Mr. Manish Uniyal speaks on the nation’s economy and the efforts being made by his company to add more value to consumers’ demand.  Raheem Akingbolu brings the excerpts.

  • The Guardian: Shoprite’s Made-in-Nigeria initiative gains momentum
    The Guardian: Shoprite’s Made-in-Nigeria initiative gains momentum 6/13/2017

    Posted by: The Guardian, 13th June 2017

    Shoprite Nigeria has reaffirmed its commitment to promoting locally manufactured products with its ‘Made-in-Nigeria’ initiative, which has benefited its producers and customers alike. Majority of products sold by Shoprite Nigeria are sourced locally and by pledging to stock even more local produce across its 23 stores, Shoprite is highlighting its commitment to the growth of the Nigerian economy.

  • The Cable: what to expect now that the budget has been signed
    The Cable: what to expect now that the budget has been signed 6/12/2017

    Finally, after the many controversies surrounding the signing of the 2017 budget, Acting President Yemi Osinbajo on Monday signed the ‘budget of recovery and growth’ into law.

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