Manufacturing: Backlogs of unsold finished products gradually emptying in warehouses

  By Industrial Digest Th reopening of Nigeria’s land borders and huge purchases of locally manufactured goods this festive season is gradually clearing the backlogs of unsold finished goods in warehouses across the subsectors. A check by Industrial Digest shows that the inventory of unsold finished goods in the sector totaled over N402 billion in […]

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AfCFTA : African manufacturers gearing up for competitons in $3 trillion Continental free market

  ” Ecowas is yet to submit its liberalisation instruments and must do so before the EAC can trade with the region.”   By Industrial Digest   BEGINNING from next month – January, the 1.2 billion people African single market economy , with a combined gross domestic product of $3 trillion, is expected to take […]

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LCCI: Credit flows to manufacturing sector is a waste without tackling structural challenges 

* Says Dangote oil Refinery’ll crash pump price of petrol, diesel  By Industrial Digest  ” In our view, credit flows to the manufacturing sector will fail to achieve desired outcomes without putting in place measures to address structural, bottlenecks in the ports and customs processes and other policy challenges to productivity.”    The Lagos Chamber of Commerce and […]

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Kofo Akinkugbe, Nadia Mohammed join Cadbury Board as Non-Executive Directors 

  Cadbury Nigeria Plc has appointment Mrs. Kofo Akinkugbe , and Ms. Nadia Mohammed, onto its Board as Non – Executive Directors, with effect from 1st January 2021. Mrs. Akinkugbe is the founder of SecureID Nigeria and Secure Card Manufacturing, where she currently serves as the Managing Director/CEO. On the other hand, Ms. Nadia Mohammed […]

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A Year Like No Other – MAN, NACCIMA, NASME

  By Industrial Digest   That’s how stakeholders in the Nigerian private sector fittingly described 2020 in review. At the Commerce and Industry Correspondents Association of Nigeria (CICAN) End of Year Workshop, Titled, “Effects of COVID-19 on the Real Sector / SMEs Financing.,’ the stakeholders lamented that the outgoing year is shaped by a global […]

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Continental Re boss tasks SMEs on “Must have insurance policies”

  Operators in the Small and Medium Enterprises (SMEs) sector in Nigeria have been urged to take up insurance policies that can help them to continue operating in uncertain and extreme times. Dr. Femi Oyetunji, the Group Managing Director of Continental Reinsurance Plc, made the call during Access Bank Plc, and Coronation Insurance Plc’s webinar […]

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SON to strengthen industries in Kano with regional office , laboratory

  By Industrial Digest   The Standards Organisation of Nigeria (SON), has sought the Kano State Government’s consideration and approval for land to enable it build a befitting Regional Office, Laboratory and Warehouse to enhance its effectiveness in providing technical support for industries and businesses in Kano and environ. Mallam Farouk Salim, the Director – […]

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PZ Cussons appoints Gbenga Oyebode as new Chairman

The Board of Directors of PZ Cussons Nigeria Plc has announced the appointment of Mr. Gbenga Oyebode as Non-Executive Director and Chairman of the Board, effective from 11th December 2020. The Board also announced the retirement of Alhaji Lawal Tukur Batagarawa as a Non-Executive Director on the Board of PZ Cussons Nigeria Plc, effective 11th […]

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At last, Nigeria reopens landborders after 16 months

  President Muhammadu Buhari has ordered the immediate reopening of four land borders. The Cable reported that the borders are Seme in Lagos, Illela in Sokoto, Maigatari in Jigawa and Mfun in Cross River. At the end of the federal executive council (FEC) meeting, Zainab Ahmed, minister of finance,  said the president also directed that […]

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