Krisoral Group of Companies boss applauds FG for upgrading digital infrastructures

  By Franklin Alli    The Chairman  Krisoral Group of Companies, Onitsha, Anambra State, His Royal Highness, Igwe Dr. Oranu Chris Chidume, has lauded the federal government for upgrading the country’s digital infrastructures. The Federal Government through the Ministry of Communications and Digital Economy has on Friday, April 23rd virtually commissioned batch nine of seven […]

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NACCIMA advocates for foreign policy with private sector inputs: see why

  By Franklin Alli ” WITH the increasing role of the private sector in the Nigerian economy, the Private sector should be regularly consulted in the articulation of our Foreign policy and its implementation and this should be done in cooperation with the Ministry of Foreign Affairs and Nigerian Missions abroad.” NACCIMA Director-General, Amb Ayoola […]

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FG To BUA: New Sugar Import Policy To Upscale Plantation, Tech

    The National Sugar Development Council (NSDC) has told the management of BUA Sugar that its new quota allocation for importing raw sugar will depend on the backward integration programme. The Executive Secretary of the NSDC, Adedeji Zacch, disclosed this during the familiarisation visit to BUA Sugar Refinery complex at Apapa, Lagos on Tuesday. […]

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Dairy manufacturers in Nigeria targets 1.7m MT capacity by 2024

  A consortium of dairy manufacturers in Nigeria, led by FrieslandCampina WAMCO, has announced plans to increase milk production from the current 600,000 metric tonnes to 1,700,000 metric tonnes by 2024. This move is aimed at reducing the countey’s  $1.3 billion dairy importation bill. The Minister of Industry, Trade and Investment, Niyi Adebayo, disclosed this […]

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Senate Seeks Policies to Encourage Local Investors in Cement Production

    The Senate has called on the federal government to provide more industrial incentives and protections such as concessionary loans and larger tax incentives for new entrants into the local cement production with a view to boosting production, reduction of price and encouragement of more valuable producers in the country. The Senate passed a […]

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SON plans food testing laboratory for SMEs in Benue State

  By Industrial Digest  ” Standards Organisation of Nigeria (SON) is determined to do more by establishing a food testing laboratory that will support Benue State as the “Food Basket of the Nation”, through certification of products for local consumption and export.” Mallam Salim Farouk, the Director-General of SON, gave this assurance when he paid […]

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Community hostility forces Dangote to winds up sugar business in Niger State

  Dangote Sugar Refinery Plc, one of the leading producers of refined sugar to consumers and industries in Nigeria has successfully wind up its sugar business in Niger State – under the Dangote Niger Sugar Limited. Nairametrics reported that the company said that this decision was made in an effort to cut down on deadweight […]

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MAN tasks banks to loyally disburse N1.6 trillion CBN’s money for manufacturers 

* Only 76 companies out of over 3000 have benefited  By Franklin Alli ” Going forward, MAN proposes ardent enforcement by the Central Bank of Nigeria (CBN) to ensure that the PFIs and DMBs grant transparent and effective access of its intervention funds to manufacturers.” The Manufacturers Association of Nigeria(MAN), said weekend, in a press […]

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Manufacturing industries create 1.6million jobs in 8 years – MAN 

By Industrial Digest  Nigeria : “At the end of the 2nd half of 2020, an estimated 1,655,331 historical cumulative jobs were created in the manufacturing sector in the last 8 years.” This translates to about 207,000 jobs created by companies in the sector per year. The Manufacturers Association of Nigeria, (MAN), disclosed this in its […]

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Manufacturing investment in Nigeria down 76%

* Engr. Mansur Ahmed MAN President   …Unsold inventory up 43.5% …Capacity utilization drops to 49.5% (Vanguard) THE total manufacturing investment in Nigeria dropped by 76.11 per cent in 2020 to   N118.52 billion from N496.11 billion   achieved in 2019, even as unsold inventory increased by 43.5 per cent within the period.  The unsold inventory represents […]

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