Manufacturing
Manufacturing and general industrial sector news.
FG approves the establishment of Shoe, Garment, and Leather processing factories worth N5.08 billion
The Federal Government has approved the establishment of Shoe, Garment, and Leather factories in Kano and Abia.
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Berger Paints Plc appoints Pheobe Onyinye Obi as Chief Financial Officer
Mrs Pheobe Onyinye Obi has been appointed as Chief Financial Officer of Berger Paints Plc.
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FG to revitalize rice farms in rice producing regions
The Minister stated that rice production is expected to increase as the government continues to revitalize rice farmers.
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Floods disrupt operations in Flour Mills’ Sugar Estate
Heavy floods at Flour Mills' Sunti Golden Sugar Estate has disrupted its operations.
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Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN
The CBN disclosed in its September PMI report that the manufacturing sector contracted.
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FG moves to clamp down on illegal fertilizer manufacturers and agro-dealers
It is now forbidden for anyone to go into fertilizer business in Nigeria, without registering with the FISSD.
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Briscoe Motors: Pioneer dealer of Toyota automobile in Nigeria suffers N1.27billion loss
The Auto dealer has a working capital deficit of N14.76bn, driven by a bank overdraft of N15.76bn
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Prices of rice and other commodities are expected to increase – Expert
The price of rice is expected to increase as the festive period draws near.
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Big players in Paints and Coatings industry suffer 52% profit loss in the first 6 months of 2020
The COVID-19 induced lockdown took a huge toll on the activities of the producers.
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These industries appear to have returned to pre-pandemic levels
In the August sequel of the manufacturing and non-manufacturing Purchasing Manager Index report, the CBN reported that two sub-sectors in the...
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