Small and medium-sized businesses across Nigeria are groaning under the weight of the forex crisis as the naira continues to fall and the foreign exchange market remains unstable. For many …
International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …
In March, South Africa’s manufacturing sector continued to face challenges, according to the latest Purchasing Managers’ Index (PMI) survey. The index, which measures the performance of the manufacturing industry, showed …
The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap …
In a bold move to consolidate its dominance in the alcoholic beverages sector, Nigerian Breweries Plc has successfully completed the full acquisition of Distell Wines and Spirits Nigeria Limited, expanding …
The Central Bank of Nigeria (CBN) has reported that Nigeria’s economic activities continued their upward trajectory for the second consecutive month, signalling gradual recovery and renewed optimism among businesses. In …
The Manufacturers Association of Nigeria (MAN) has praised the Federal Government’s recent decision to waive the 7.5 percent Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly known as …
SA’s largest sugar producer, Tongaat Hulett, has received an undisclosed sum from the Industrial Development Corporation (IDC) to help it complete its milling season and do maintenance. Tongaat was place …
Nigeria’s purchasing manager index (PMI), which assesses the overall health of the manufacturing sector including the direction it is headed, saw further improvement in November as demand for goods swelled and …
Reunert has released its preliminary annual results, reporting increases in revenue and operating profit of 16% and 17%. It also saw a 10% overall increase in profit. Among Reunert’s interests …