Coronavirus forces Nigeria’s Central Bank to slash interest rates on intervention funds to 5%

  * Approves new N50bn intervention fund for MSMEs   The Central Bank of Nigeria (CBN) has dropped interest rates on all its intervention funds from 9 percent to 5 percent. This is even as the apex bank also announced additional N50billion intervention fund to Micro, Small and Medium Enterprises (MSMEs) to mitigate the negative […]

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PZ Cussons Nigeria designates Panagiotis Katsis New CEO

  Panagiotis Katsis will replace current CEO Christos Giannopoulos when the latter retires June 30 2020, PZ Cussons Nigeria said in a note to the Nigerian Stock Exchange (NSE) Friday. “Mr Katsis will be appointed as the new Chief Executive Officer of the company effective 1st July 2020,” the consumer goods firm said. Giannopoulos, who would be […]

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SON, NERC rekindle collaboration to promote local content, export

The Standards Organisation of Nigeria (SON) and the Nigerian Electricity Regulatory Commission (NERC) are set to rekindle the existing collaboration between the two agencies to promote increased local content in the production of electrical materials, personnel and facilitate export of certified made in Nigeria products. This indication was given during a courtesy visit of the […]

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Africa Fertilizer Financing Mechanism launches $2.2m project in Nigeria to boost fertilizer supply to 200,000 farmers

  ABUJA, Nigeria, — The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers. The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and […]

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Rhizucor Nigeria proposes way-out of Food Fraud

  By Industrial Digest “A way out is to carry out product authentication and integrity testing, monitoring and ensurance of compliance to standard through a rejig of the extension departments, and criminal prosecution for offending corporate leaders. All these will reduce Food Fraud opportunity.” Dele Fapohunda, Food safety activist at Rhizucor Nigeria Limited, a company based in Nigeria […]

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‘TK Merola Paints Don’t Fade and Last Longer on Walls’

  By Industrial Digest   Our maiden guest this month is TK MEROLA VENTURES, a paint manufacturing company based at Ikotun – Egbe area of Lagos State. Oyekan Taiwo Oluwafunmilola, the Managing Director of the company, tells why the product is so good for painting residential and commercial building, schools, etc, anywhere in Nigeria. First, […]

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MD Shell Nigeria Gas explains company’s participation in NME/NIRAM EXPO

  By Industrial Digest   “The reason we are here is because Lagos, Rivers and Ogun State are the most industrialized states in Nigeria today. I am also proud to say that Shell Gas Nigeria has been providing gas in these three states in various industrial locations and various free trade zones to support industrialization.” […]

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Afreximbank woos Nigerian manufacturers, govt, to Intra-African Trade Fair in Rwanda  

  By Industrial Digest   “Nigerian manufacturers should not fail to be part of the forthcoming Intra-African Trade Fair (IATF) 2020 in Kigali, Rwanda, from September 1-7,” says Afreximbank, the organizer of the fair with the theme: ‘Building Bridges for a successful AfCFTA’ In a 15-minutes presentation during the just ended Nigerian Manufacturing and Equipment […]

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Shell Gas Nigeria Limited at the 2020 NME/NIRAM Expo

  In picture 4th from left: ED Ubong, Managing Director, Shell Nigeria Gas Limited, making a presentation to the Minister of Industry, Trade and Investment, Niyi Adebayo; President, Manufacturers Association of Nigeria, Mansur Ahmed, and other visitors to the company’s stand during the ongoing NME/NIRAM Expo, organised by MAN and RMRDC, in Lagos   Related […]

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