Manufacturing Industry News

  • ‘Implementation of patronage policy will assist manufacturers out of recession’
    ‘Implementation of patronage policy will assist manufacturers out of recession’ 1/20/2017

    Posted by: The Guardian, 18th January, 2017

    In a bid to check the unintended effects of economic recession on the real sector, especially among manufacturers, operators have urged the Federal Government to ensure the implementation of the patronage policy.

  • BoI to improve access to funds for certified products
    BoI to improve access to funds for certified products 1/20/2017

    Posted by: The Guardian, 18th January, 2017

    Targets over 1000 enterprises in 2017

    To further improve local production in the country, the Bank of Industry (BoI) has announced plans to improve access to funds for locally produced goods already certified by regulatory agencies.

  • ‘Local raw materials sourcing to stimulate real sector growth’
    ‘Local raw materials sourcing to stimulate real sector growth’ 1/20/2017

    Posted by: The Guardian, 11th January, 2017

    Notwithstanding improved access to foreign exchange for importation of raw materials, operators in the real sector have been urged to further explore local sourcing to mitigate the impact of forex on their businesses in 2017.

  • SON mulls standards to drive local manufacturing of LPG cylinders
    SON mulls standards to drive local manufacturing of LPG cylinders 1/20/2017

    Posted by: The Guardian, 04th January, 2017

    To discourage importation of sub-standard liquefied petroleum gas (LPG) cylinders, the Standards Organisation of Nigeria (SON) has unveiled strategies to deploy instruments of standardisation and quality assurance to encourage local production and checking influx of such goods in to the country.

  • WorldStage: Saraki and the Made in Nigeria Défi
    WorldStage: Saraki and the Made in Nigeria Défi 1/13/2017

    Posted by: WorldStage, 09th January, 2017

    By Cynthia Ferdinand-- “Yesterday is not ours to recover, but tomorrow is ours to win or lose”- Lyndon  Johnson

  • Chinese steel firm pledges commitment to Nigeria
    Chinese steel firm pledges commitment to Nigeria 1/13/2017

    Posted by: The Guardian, 13th January, 2017

    A Lagos-based Chinese steel manufacturing company, HongXing Steel Company, has expressed confidence in the ability of the Nigerian economy to overcome its present challenges.

  • Out-Law: New Nigerian company ‘to boost pension fund investments in infrastructure’
    Out-Law: New Nigerian company ‘to boost pension fund investments in infrastructure’ 1/10/2017

    Posted by: Out-Law.com, 10th January 2017

    A new company that will enable pension funds to invest in Nigerian infrastructure bonds is set to be launched in a few weeks’ time, the head of the country’s sovereign wealth fund has said.

  • SON Drives Standardisation to Boost Investment in LPG Cylinder Manufacturing
    SON Drives Standardisation to Boost Investment in LPG Cylinder Manufacturing 1/3/2017

    Posted by: Nigeria Today, 02nd January, 2017

    There is a huge potential for stimulating multi-million dollar investments into Liquefied Petroleum Gas (LPG) cylinder manufacturing in Nigeria using the instruments of standardisation and quality assurance, the Director General of the Standards Organisation of Nigeria (SON), Mr. Osita Aboloma, has said.

  • Chinese Steel Manufacturer Restates Commitment To Nigeria
    Chinese Steel Manufacturer Restates Commitment To Nigeria 1/3/2017

    Posted by: Blog Entertainment and Lifestyle, 02nd January, 2017

    The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the ability of the Nigerian economy to overcome its present challenges.

    Speaking to journalists on the sidelines of the company’s 2016 end of year get-together, the Managing Director of HongXing Steel Company, Mr. Fengzheng Ke, also assured that his firm would continue to priorities issues of staff welfare.

    He called for more support for the federal government in the bid to diversify the economy.

  • The Guardian Nigeria: Of local raw materials in dollars
    The Guardian Nigeria: Of local raw materials in dollars 1/3/2017

    Posted by: The Editorial Board, The Guardian, 3rd January 2017

    The report, the other day, that available local raw materials are now either being exported or sold to domestic manufacturers in foreign currencies should be of interest to all stakeholders. The reported alternative, whereby international market prices of the materials are being converted to Naira for payment by the manufacturers is also intriguing.

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