The recent trade decision by United States President Donald Trump is now causing serious economic pressure across Africa. President Trump, under his “Liberation Day” trade policy, has introduced fresh tariffs …
Manufacturing
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AfricaBusiness InsightsEconomyInternational RelationsINVESTMENTManufacturingNigeriaPoliciesSouth AfricaSpotlightTrade and Commerce
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AFRICA NEWSBusinessBusiness InsightsEconomyFinance & ServicesManufacturingMarketsNigeria
Guinness Nigeria Bounces Back with N6.7bn Profit in Nine Months
Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …
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BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
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BusinessDevelopmentEconomyInfrastructureManufacturing
FG eyes steel import reduction with Ogun plant
The Federal Government has moved to cut Nigeria’s $4 billion yearly steel import bill with the groundbreaking of the $400 million Stellar Steel Plant owned by Inner Galaxy Group. The …
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The Federal Government has placed a ban on the importation of oil pipelines into Nigeria. The Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this known on Thursday during …
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AfricaEconomyGOVERNMENTInternational RelationsManufacturingPoliciesTrade and Commerce
Trump slaps tariffs on Africa as he hails ‘Liberation Day’
Former U.S. President Donald Trump has once again stirred global trade waters by introducing heavy new tariffs that affect countries across Africa, as part of what he calls his “Liberation …
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AgricultureEconomyManufacturingPoliciesTrade and Commerce
Experts Say Nigeria Must Boost Production to Benefit from AfCFTA Tariff Removal
Economic experts have warned that Nigeria must increase local production and industrialisation if it wants to truly benefit from the African Continental Free Trade Area (AfCFTA) agreement, which offers a …
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BusinessEconomyINVESTMENTManufacturing
Guala Closures Opens New Factory in Lagos Free Zone to Serve West Africa
Guala Closures, a top international company known for making bottle closures for drinks and edible oil, has opened a new factory in Nigeria. The new manufacturing plant is located in …
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BusinessEconomyLeadershipManufacturingNigeria
Cutix Plc CEO Ijeoma Odunoye Bags NASME Award for Entrepreneurial Excellence
The Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, has been honoured with the Most Successful Female Entrepreneur/Excellent Performer award by the Nigerian Association of Small and Medium Enterprises (NASME). …
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BusinessBusiness InsightsEconomyManufacturingTechnology
Dangote Group Calls for Heavy Tech Investment to Boost Nigeria’s Industry
The Dangote Group has called on the Nigerian government and private sector players to invest massively in technology to help Nigeria’s industrial sector grow and gain global respect. This call …