China Aims High in Bilateral Relations, Trade with Nigeria

Chinese Ambassador to Nigeria, Cui Jianchun has said the bilateral relations and trade between China and Nigeria would soon reach a new higher level. He made the revelation in Abuja during a media chat to mark the Moon Festival or Mid-Autumn Festival in China, one of the most important traditional holidays in the country. He […]

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Manufacturers speak on World Bank’s scrapping of “Ease of Doing Business Reports”

By Industrial Digest     MANUFACTURERS, Bankers and Investments analysts in Nigeria say rather than discounting the report entirely, the World Bank should restructure it into an “Ease of Starting Business” index and another index for Ease of Doing Business. The latter should cover the real challenges we in Africa faces in doing business.” The World […]

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Fearless vs Predator: Court to Hear Rite Foods, NBC Suit October 27

Justice Lewis Allagoa of the Lagos Federal High Court has fixed October 27, 2021, for the hearing of all applications in a contempt proceedings filed by Rite Food Limited against the NBC’s and it’s Managing Director, Mattieu Seguine, over alleged trademark infringement. Justice Allagoa fixed the date after counsel to the parties informed him that […]

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‘’Nigeria must look inward to fund industrialisation’

An industrialist, Dr. Caesar Osaheni Iyayi, has appealed to President Muhammadu Buhari to use his powers and office to encourage Nigerians to focus on manufacturing revolution, adding that the country must look inward to fund industrialisation. According to Iyayi, we must develop the industrial capacity to use our raw materials to manufacture everything that we […]

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How Governor Oyetola is reviving textile industry in Osun State

“It should be noted that our administration’s declaration of every Thursday being ‘Osun Adire Day’ and the directive that all public and civil servants be dressed on Adire same day, is in furtherance of our efforts not only to promote our culture and tourism but also, to specifically develop the state textile industry.” Mr. Adegboyega […]

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Lafarge Africa spends US$2.92m on host communities

By Industrial Digest “Lafarge Africa doubled the number of beneficiaries of its corporate social responsibility (CSR) activities within its host communities year-on-year to 250,000 in 2020. Its investments in community development initiatives to counteract the Covid-19 outbreak and its impact totaled US$2.92m.” The company disclosed this in its 2020 Sustainability Report. The company’s sustainability strategy […]

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VAT WAR: LCCI proposes sharing formula to Governments  

By Industrial Digest   “We advise that the current VAT sharing formula for the States and LGAs be adjusted using the factors of equality 20%, population 30%, and derivation 50% going forward”   That’s the reaction of the Lagos Chamber of Commerce and Industry (LCCI) on the ongoing legal rivalry between the federal and some […]

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MAN: 10 Top Manufacturing Challenges CBN, other regulators should address and why

  By Industrial Digest   The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) and other regulators to adequately address the top ten challenges facing operators in the sector to better its performance.                     Source: MAN Fieldwork 2021 The association […]

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Nigeria: Private sector kicks against tax on soft drinks manufacturers

By Industrial Digest    STAKEHOLDERS in Nigeria’s private sector have requested the National Assembly and the Federal Ministry of Finance including the Nigerian Customs Service not to impose excise duty on soft drinks producers in the country. They said that the excise duty proposition is not consistent with the desire of President Muhammadu Buhari’s job […]

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Stakeholders share insights on unleashing Africa’s manufacturing potentials for global competitiveness

By Franklin Alli    AFRICA is not a strong player in the global manufacturing space given its paltry production output and value of exports of manufactured products to countries outside the continent, year on year. A recent World Bank data showed that the continent’s contribution to world manufacturing output stands at 2.0% compared to China’s 28.7%, […]

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