Industry
Manufacturing grows by 1.28%
The manufacturing sector grew by 1.28 per cent year-on-year in the second quarter of the year, according to the Gross Domestic Product report of the National Bureau of Statistics released on Monday. T...
30th August 2024
LCCI urges NGIF managers to uphold accountability
The Lagos Chamber of Commerce and Industry has urged the newly appointed managers of the $10bn Nigeria Global Investment Fund to be accountable. The LCCI noted that the 23 companies selected by the Fe...
30th August 2024
Breadmakers deny using dangerous ingredients
Breadmakers, under the umbrella of the Premium Breadmakers Association of Nigeria, have denied using substandard or unwholesome ingredients. The rebuttal comes after a recent report on the use of sacc...
30th August 2024
MDAs boosting business environment – PEBEC
The Presidential Enabling Business Environment Council has stated that effective regulation of Ministries, Departments, and Agencies and business facilitation enhances Nigeria’s business environment...
30th August 2024
Propak summit to promote product innovation
The organisers of Propak West Africa, an exhibition for the packaging, plastics, printing, and food processing industries in the region, have announced that the 11th edition of the event will feature ...
23rd August 2024
NACCIMA urges strengthening of SME cooperatives
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Dele Oye, has advocated the strengthening of cooperative societies to enhance the capacity...
23rd August 2024
Grand Oak rebrands Seaman’s Schnapps
Grand Oak Limited, producers of Seaman’s Schnapps, has introduced guala caps for the brand to prevent counterfeiting of its products, which it said has eroded its market share. Grand Oak management ...
23rd August 2024
Coleman achieves 30% female workforce
Coleman Wires and Cables Industries has announced that it has achieved 30 per cent female representation in its workforce, particularly in its factory operations. According to a statement from Coleman...
23rd August 2024
NSITF advocates compensation scheme for civil servants
The Nigeria Social Insurance Trust Fund is set to bring all civil servants under the Employee Compensation Scheme, following the recommendation of the Senate and House of Representatives Committees on...
23rd August 2024
SMEDAN decries low financial literacy among MSMEs
The Small and Medium Enterprises Development Agency of Nigeria has attributed the underperformance of Micro, Small and Medium Enterprises to high financial illiteracy and a lack of business managerial...
16th August 2024
Stakeholders advocate policy overhaul for cotton industry
Industry stakeholders have stated that the Federal Government’s effort at revamping the cotton and textile manufacturing industry would require research, regulatory, energy and cost-reduction interv...
16th August 2024
UNHCR, TGI partner to empower displaced communities
Tropical General Investments Group has signed a five-year cooperation agreement with the UN Refugee Agency to advance socio-economic inclusion and create sustainable solutions for displaced persons an...
16th August 2024
Aig-Imoukhuede foundation backs public sector reforms
Challenges obstructing effective public sector reforms in Nigeria were addressed by civil service and public service stakeholders at a recent national workshop by the Aig-Imoukhuede Foundation. The wo...
16th August 2024
TMT Cakes gets recognition
TMT Cakes and Events has emerged as the Best Baker of the Year in the baking category of the Eko Heritage Awards. The Chief Executive Officer of the baking company, Ifeanyi Onukwubiri, in a statement ...
16th August 2024
Orange Corners unveils youth entrepreneurs incubation hub
Orange Corners Nigeria recently inaugurated an incubation hub to support over 100 young entrepreneurs in sectors, including circular economy, agriculture, health, renewable energy, technology, and wat...
9th August 2024
Ogun smallholder farmers benefit from FG scheme
The Governor of Ogun State, Dapo Abiodun, on Wednesday, hailed the commitment of the Federal Government to achieve food security, as 2,400 smallholder farmers in the state have benefited from the Nati...
9th August 2024
EMCOAN promotes AI for media industry growth
The Electronic Media Content Owners Association of Nigeria has called on creators to embrace emerging technology to grow their businesses, particularly artificial intelligence. The conversation around...
9th August 2024
‘Political instability threatens AfCFTA implementation’
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol, financial analysts ...
9th August 2024
Nestle needs fresh capital to recover N177bn loss – Analysts
Financial analysts have stated that Nestle Nigeria may need fresh equity capital and government intervention to recover from the N176.9bn loss in the first half of 2024. The company’s loss worsened ...
9th August 2024
Business owners worry protests will affect productivity
Entrepreneurs are concerned that the August 1 protest could affect productivity and inflict an estimated loss of N400bn on the economy. Industry stakeholders appear apprehensive of the likely fallout ...
2nd August 2024
LCCI blames protest for low turnout at ICTEL expo
The Lagos Chamber of Commerce and Industry has linked the poor turnout of participants and the absence of regulators at the Information Communication Technology and Telecommunications Expo 2024 to the...
2nd August 2024
US seeks AGOA penetration in Africa
The United States of America has set out to increase the penetration of the African Growth and Opportunity Act in Africa’s underserved countries as it works to modernise the investment programme. Th...
2nd August 2024
EmbassyCard woos PoS agents with prepaid card
A fintech company, EmbassyCard, has wooed point-of-sale agents and mobile money operators with its prepaid digital card for payment without network connections and the elimination of charge-back fraud...
2nd August 2024
Jameson stops carton packages
Whiskey brand, Jameson, said it is removing cartons in its outer packaging in the company’s latest sustainability move. According to a statement, the brand’s decision to quit using cartons is in l...
2nd August 2024
ActionAid Nigeria urges govt to improve agric funding
ActionAid Nigeria has urged the Federal and State Governments to enhance the country’s agricultural sector and adopt a budget that will not be undermined by poor governance. This was the fallout of ...
2nd August 2024
Insurance group urges women to explore AfCFTA opportunities
The Professional Insurance Ladies Association has urged women to key into the numerous opportunities presented by the African Continental Free Trade Area. The group disclosed this recently in Lagos du...
29th July 2024
‘Manufacturers will adjust to tariff hike with improved power supply’
The Ondo State Commissioner for Energy, Razaq Obe, has said manufacturers will adjust to paying more for electricity as they get better value. He told The PUNCH that it would take some time but manufa...
26th July 2024
DBN gets accreditation to disburse green fund
The Development Bank of Nigeria has received accreditation from the Green Climate Fund, to access green financing for Nigeria’s manufacturing sector, among others. The Managing Director of DBN, Tony...
26th July 2024
Stakeholders canvass collaboration to strengthen corporate governance
Stakeholders have emphasised the importance of collaboration between the public and private sectors to strengthen corporate governance and drive national transformation. This was the fallout of the Na...
26th July 2024
Wellcome Snacks debuts in Abuja
A new fast food brand, Wellcome Snacks, has launched its product in the Federal Capital Territory, Abuja, recently. Wellcome Snacks introduced its three-layer snack to guests at the launch, including ...
26th July 2024
Foundation to empower underserved communities
The Dr Olaolu Mudasiru Foundation has announced plans to empower Nigerians by integrating entrepreneurship, education and the arts to foster growth in society. The foundation was launched in memory of...
26th July 2024
