Manufacturing Archives - Nairametrics https://nairametrics.com/category/industries/manufacturing/ Destination for Business news and analysis from Africa's largest economy Wed, 14 Aug 2024 11:07:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Manufacturing Archives - Nairametrics https://nairametrics.com/category/industries/manufacturing/ 32 32 201037849 Three companies sign MoU to produce anti-snake venom drugs in Nigeria  https://nairametrics.com/2024/08/14/three-companies-sign-mou-to-produce-anti-snake-venom-drugs-in-nigeria/ https://nairametrics.com/2024/08/14/three-companies-sign-mou-to-produce-anti-snake-venom-drugs-in-nigeria/#respond Wed, 14 Aug 2024 11:07:30 +0000 https://nairametrics.com/?p=495771 Three companies—AMA Medical Manufacturing Company, Echitab Study Group Nigeria, and Micropharm Ltd., UK—signed a Memorandum of Understanding (MOU) on Tuesday to produce Anti-Snake Venom (ASV) drugs in Nigeria. 

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Manufacturers applaud tax incentive initiative, says it will reduce production cost  https://nairametrics.com/2024/08/13/manufacturers-applaud-tax-incentive-initiative-says-it-will-reduce-production-cost/ https://nairametrics.com/2024/08/13/manufacturers-applaud-tax-incentive-initiative-says-it-will-reduce-production-cost/#respond Tue, 13 Aug 2024 17:43:35 +0000 https://nairametrics.com/?p=495726 The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the tax incentive initiative stating that it will help reduce production costs and encourage innovation in the country.  

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Manufacturers urge CBN to resolve $2.4 billion forex dispute, warning of severe business impact https://nairametrics.com/2024/08/09/manufacturers-urge-cbn-to-resolve-2-4-billion-forex-dispute-warning-of-severe-business-impact/ https://nairametrics.com/2024/08/09/manufacturers-urge-cbn-to-resolve-2-4-billion-forex-dispute-warning-of-severe-business-impact/#respond Fri, 09 Aug 2024 06:16:16 +0000 https://nairametrics.com/?p=495501 The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to resolve the unsettled $2.4 billion forex forward  claims by manufacturers in the country.  

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Ghana opens its first gold refinery to gain more value from the resource  https://nairametrics.com/2024/08/08/ghana-opens-its-first-gold-refinery-to-gain-more-value-from-the-resource/ https://nairametrics.com/2024/08/08/ghana-opens-its-first-gold-refinery-to-gain-more-value-from-the-resource/#respond Thu, 08 Aug 2024 17:22:44 +0000 https://nairametrics.com/?p=495491 Ghana, Africa’s largest gold producer, has inaugurated its first refinery to extract greater value from its natural resources according to reports from Bloomberg.  

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FG partners International Cotton Committee to revamp the cotton industry, targets 1.4 million jobs  https://nairametrics.com/2024/08/07/fg-partners-international-cotton-committee-to-revamp-the-cotton-industry-targets-1-4-million-jobs/ https://nairametrics.com/2024/08/07/fg-partners-international-cotton-committee-to-revamp-the-cotton-industry-targets-1-4-million-jobs/#respond Wed, 07 Aug 2024 05:35:56 +0000 https://nairametrics.com/?p=495366 The Federal Government is collaborating with the International Cotton Advisory Committee (ICAC) to revive the country's cotton and textile industry. 

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Federal Government unveils plan to create 4.4 million jobs, boost local manufacturing  https://nairametrics.com/2024/07/26/federal-government-unveils-plan-to-create-4-4-million-jobs-boost-local-manufacturing/ https://nairametrics.com/2024/07/26/federal-government-unveils-plan-to-create-4-4-million-jobs-boost-local-manufacturing/#respond Fri, 26 Jul 2024 06:06:17 +0000 https://nairametrics.com/?p=494419 The Federal Government has unveiled plans to create 4.4 million jobs by implementing Nigeria's National Strategy for Competitiveness in Raw Material and Product Development.  

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Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation  https://nairametrics.com/2024/07/25/nigerian-manufacturers-say-1475-basis-point-rise-in-interest-rate-since-2022-leads-to-inflation/ https://nairametrics.com/2024/07/25/nigerian-manufacturers-say-1475-basis-point-rise-in-interest-rate-since-2022-leads-to-inflation/#respond Thu, 25 Jul 2024 07:35:14 +0000 https://nairametrics.com/?p=494353 The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) to increase the interest rate by 50 basis points stating that the continuous hike in MPR since May 2022 leads to an increase in production costs and finally prices of goods. 

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Nigerian Manufacturers warn regulatory agencies to desist from demarketing local investors  https://nairametrics.com/2024/07/24/nigerian-manufacturers-warn-regulatory-agencies-to-desist-from-demarketing-local-investors/ https://nairametrics.com/2024/07/24/nigerian-manufacturers-warn-regulatory-agencies-to-desist-from-demarketing-local-investors/#respond Wed, 24 Jul 2024 17:29:00 +0000 https://nairametrics.com/?p=494320 The Manufacturers Association of Nigeria (MAN) has called on federal government regulatory agencies especially those in the oil and gas sector to desist from making statements capable of demarketing local investments in the country.  

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Why we sold off our flour mill in Nigeria – Aliko Dangote  https://nairametrics.com/2024/07/21/why-we-sold-off-our-flour-mill-in-nigeria-aliko-dangote/ https://nairametrics.com/2024/07/21/why-we-sold-off-our-flour-mill-in-nigeria-aliko-dangote/#comments Sun, 21 Jul 2024 10:47:22 +0000 https://nairametrics.com/?p=493984 Africa’s richest man and CEO of Dangote Group, Aliko Dangote, has explained why his company decided to sell off its flour mill in Nigeria in 2019. 

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Dangote says firm will drop plan to invest in Nigeria’s steel industry to avoid monopoly allegations   https://nairametrics.com/2024/07/21/dangote-says-firm-will-drop-plan-to-invest-in-nigerias-steel-industry-to-avoid-monopoly-allegations/ https://nairametrics.com/2024/07/21/dangote-says-firm-will-drop-plan-to-invest-in-nigerias-steel-industry-to-avoid-monopoly-allegations/#comments Sun, 21 Jul 2024 07:05:03 +0000 https://nairametrics.com/?p=493974 The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plans to enter Nigeria’s steel industry to avoid being branded a monopoly.  Dangote made this disclosure in a statement on Saturday while addressing journalists at his refinery in Lagos.   The business tycoon explained that the […]

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UC RUSAL commits $500 million to revitalize Aluminium Smelter Company in Ikot Abasi https://nairametrics.com/2024/07/20/uc-rusal-commits-500-million-to-revitalize-alscon-in-ikot-abasi/ https://nairametrics.com/2024/07/20/uc-rusal-commits-500-million-to-revitalize-alscon-in-ikot-abasi/#respond Sat, 20 Jul 2024 08:38:19 +0000 https://nairametrics.com/?p=493914 UC RUSAL, the management of the Aluminium Smelter Company of Nigeria (ALSCON), has announced plans to inject $500 million to revive the smelter company in Ikot Abasi Local Government Area of Akwa Ibom State.

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Cement distributors project price increase in dry season despite relative stable prices  https://nairametrics.com/2024/07/19/cement-distributors-project-price-increase-in-dry-season-despite-relative-stable-prices/ https://nairametrics.com/2024/07/19/cement-distributors-project-price-increase-in-dry-season-despite-relative-stable-prices/#respond Fri, 19 Jul 2024 06:44:25 +0000 https://nairametrics.com/?p=493813 Cement distributors in Lagos have stated that prices of the commodity might rise to levels seen earlier in the year during the next dry season when demand increases.  

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President Tinubu directs local value addition condition on mining licenses  https://nairametrics.com/2024/07/17/president-tinubu-directs-local-value-addition-condition-on-mining-licenses/ https://nairametrics.com/2024/07/17/president-tinubu-directs-local-value-addition-condition-on-mining-licenses/#respond Wed, 17 Jul 2024 20:41:53 +0000 https://nairametrics.com/?p=493705 President Bola Ahmed Tinubu has directed the Federal Ministry of Solid Minerals Development to issue mining licenses only if they are tied to local value addition, aiming to engage young Nigerians in economic activities, skill acquisition, and overall economic development. 

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FG considering temporary suspension of N10 sugar tax on beverage manufacturers  https://nairametrics.com/2024/07/17/fg-considering-temporary-suspension-of-n10-sugar-tax-on-beverage-manufacturers/ https://nairametrics.com/2024/07/17/fg-considering-temporary-suspension-of-n10-sugar-tax-on-beverage-manufacturers/#respond Wed, 17 Jul 2024 16:46:05 +0000 https://nairametrics.com/?p=493683 The federal government is currently looking into a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) as part of an economic stabilisation plan.  

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Nigerian Miners say FG’s hike in mining rates will push indigenous miners out of business  https://nairametrics.com/2024/07/15/nigerian-miners-say-fgs-hike-in-mining-rates-will-push-indigenous-miners-out-of-business/ https://nairametrics.com/2024/07/15/nigerian-miners-say-fgs-hike-in-mining-rates-will-push-indigenous-miners-out-of-business/#respond Mon, 15 Jul 2024 06:19:03 +0000 https://nairametrics.com/?p=493377 The Miners Association of Nigeria (MAN) has stated that the federal government’s hike in mining rates and royalties for solid minerals will push local miners out of business. 

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FG increases rates, charges for all activities in the mining sector https://nairametrics.com/2024/07/05/fg-increases-rates-charges-for-all-activities-in-the-mining-sector/ https://nairametrics.com/2024/07/05/fg-increases-rates-charges-for-all-activities-in-the-mining-sector/#respond Fri, 05 Jul 2024 09:37:27 +0000 https://nairametrics.com/?p=492610 The Federal Government has raised the rates and charges for all activities in the mining sector.

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FG says it has linked Agbara Industrial hub to national grid  https://nairametrics.com/2024/07/04/fg-says-it-has-linked-agbara-industrial-hub-to-national-grid/ https://nairametrics.com/2024/07/04/fg-says-it-has-linked-agbara-industrial-hub-to-national-grid/#respond Thu, 04 Jul 2024 13:40:45 +0000 https://nairametrics.com/?p=492540 The Federal Government has announced that the Agbara Industrial Hub is now connected to the national grid, marking a significant improvement in the country’s power infrastructure for manufacturers and business owners. 

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How we lost billions of naira worth of investment in Nigeria’s textile industry – Aliko Dangote  https://nairametrics.com/2024/07/02/how-we-lost-billions-of-naira-worth-of-investment-in-nigerias-textile-industry-aliko-dangote/ https://nairametrics.com/2024/07/02/how-we-lost-billions-of-naira-worth-of-investment-in-nigerias-textile-industry-aliko-dangote/#respond Tue, 02 Jul 2024 19:51:11 +0000 https://nairametrics.com/?p=492425 Africa’s richest man, Aliko Dangote, has recounted the challenges his venture faced in Nigeria’s textile industry during the boom of the 1960s, resulting in his company losing billions of naira in investment.

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No economic growth will happen unless interest rate at 30% goes down – Aliko Dangote https://nairametrics.com/2024/07/02/no-economic-growth-will-happen-unless-interest-rate-at-30-goes-down-aliko-dangote/ https://nairametrics.com/2024/07/02/no-economic-growth-will-happen-unless-interest-rate-at-30-goes-down-aliko-dangote/#respond Tue, 02 Jul 2024 15:49:51 +0000 https://nairametrics.com/?p=492410 The President of the Dangote Group Industries Ltd, Alhaji Aliko Dangote has stated that no economic growth will happen unless the bank interest rate at 30% declines

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Nigerian Gold Bars add over $5 million to Nigeria’s foreign reserve assets – Dele Alake  https://nairametrics.com/2024/06/23/nigerian-gold-bars-add-over-5-million-to-nigerias-foreign-reserve-assets-dele-alake/ https://nairametrics.com/2024/06/23/nigerian-gold-bars-add-over-5-million-to-nigerias-foreign-reserve-assets-dele-alake/#respond Sun, 23 Jun 2024 16:58:31 +0000 https://nairametrics.com/?p=491817 The Minister of Solid Minerals Development, Dele Alake, announced that Nigerian gold bars transaction has boosted the country’s foreign reserve assets by over $5 million. 

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