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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Nigeria:   Govt moves to tax Malts , carbonated drinks 

  By Franklin Alli   ” One of the reasons for us to tax carbonated drinks is that, if we tax alcoholic beverages and tobacco because they are injurious to our health, carbonated drinks, with the content of sugar, are equally injurious to our health.” The Controller-General of the Nigeria Customs Service (NCS), Col. Hameed […]

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Can renewable energy sources meet the demand of manufacturers?

By Franklin Alli In Nigeria, the manufacturing industries rely 40 percent on electricity provided by the government, through the Power Holding Company of Nigeria (PHCN), and 60 percent on alternative sources of energy, especially natural gas, coal, petrol, and diesel-fired generators. The Manufacturers Association of Nigeria (MAN) said that top on the list of challenges […]

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How Nanoemulsion Technology Is Drastically Affecting the Food & Beverage Industry

  PALM BEACH,  Fla., /PRNewswire/ — In the past several years, there has been a steady increase in the global nanoemulsion in the food  & beverage market, and many reports continue to project a continued growth pattern in the next several years. The factors driving the market growth are projected to be the rising demand for […]

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Investors put BPE, Transactions Adviser on hot seats over LITFC, TBS concession issues

  By Franklin Alli   During the recently held National Council of Privatisation Investors Webinar for the concession of Lagos International Trade Fair Complex (LITFC), and the Tafawa Balewa Square (TBS), organized by the Bureau of Public Enterprises (BPE), potential investors in the facilities, voiced their concerns over some issues with the previous concessions, among […]

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Quality of air, water, land worsened in India’s industrial clusters

State of India’s environment: Quality of air, water, land worsened in India’s industrial clusters A new monitoring mechanism is indicating that industrial pollution levels continue to worsen in India. Down To Earth (downtoearth.org.in), reported that an evaluation of 88 industrial clusters identified by central and state pollution control boards (CPCB and SPCBs) as polluted industrial […]

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Cadbury Nigeria rewards Bourn Factor Season 2 winners 

” Divine Promotion Nursery and Primary School in Ile-Ife, Osun State, won the grand prize of N3million. Success Foundation Academy in Abeokuta, Ogun State, which came second, won  N2million, while Potter and Clay Schools in Ilesha, Osun State, in the 3rd position, won N1 million.” LAGOS, Nigeria – Cadbury Nigeria Plc (a part of Mondelēz […]

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FDI: Investors channel USD1.5bn into Kano FTZ, as Calabar FTZ gets  USD1.4bn for upgrade 

  By Franklin Alli   “The Kano Free Trade Zone has witnessed tremendous improvement in the inflow of foreign direct investment. This year January, it attracted investments worth USD1.5 billion.” Aliu Mohammed, the Permanent Secretary, Federal Ministry of Budget and National Planning, disclosed this during the week on the occasion of the Bureau of Public […]

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SUNREF avails $81m facility to manufacturers in Nigeria for renewable energy projects

By Franklin Alli ” Manufacturers in Nigeria should take advantage of the SUNREF funding facility, which is composed of a €60 million ($70 million) lowcost debt financing, a €9.5 million ($11 million) grant facility for investments in renewable energy and energy efficiency solutions.” SUNREF Nigeria is a USD $70 million credit facility funded by the […]

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Lagos moves against bottled, sachet water producers, seals off factories

  ” Water producers, beverage producers, bottling companies and operators in the water abstraction and production industry must come to terms with the fact that the LSWRC would not shy away from strictly enforcing regulatory provisions in the bid to ensure residents consume only safe and hygienic water.” The Lagos State Water Regulatory Commission (LSWRC), […]

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