The Defence Industries Corporation of Nigeria (DICON) has signed a Memorandum of Understanding (MoU) with Oida Energy Limited to set up Nigeria’s first oilfield shaped charge manufacturing facility. The deal, …
local manufacturing
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EconomyEnergyManufacturingOil & Gas
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BusinessEconomyGovernment PolicyInflationManufacturingRegulationTrade
Manufacturers Oppose FG’s Plan to Introduce Tax Stamp System on Excisable Products
The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government against the planned introduction of a Tax Stamp System on excisable products, warning that the policy would worsen inflation, …
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BusinessEconomyEnergyLabourTrade
Dangote Says Refinery Has Ended Nigeria’s 50-Year Fuel Queue Crisis
President and Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that Nigeria’s long history of fuel scarcity and queues has finally come to an end following one year …
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EconomyEnergyGOVERNMENTInfrastructureInternational RelationsNigeriaTechnology
FG Unveils $150,000 Solar Testing Centre to Tackle Substandard Products
The Federal Government has commissioned Nigeria’s first Mini-grid Simulation and Standardisation Centre, a $150,000 facility aimed at regulating the quality of solar components and promoting local manufacturing of renewable energy …
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BusinessBusiness and EconomyEconomyInfrastructureManufacturingManufacturing & Consumer GoodsNigeriaPoliciesTrade and Commerce
Manufacturers Push for Binding ‘Nigeria First’ Law, Call for Urgent Policy Action to Revive Sector
Key players in Nigeria’s manufacturing industry have renewed calls for decisive government action to unlock the country’s production potential, stressing that economic revival is impossible without strong policy frameworks, legal …
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DevelopmentEnergyManufacturingNigeria
Meter Manufacturers Reject Chinese Contracts, Urge FG to Back Local Industry
The Association of Meter Manufacturers of Nigeria (AMMON) has raised strong objections to the continued award of meter supply contracts to Chinese companies, despite Nigeria’s robust local production capacity. In …
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BusinessEconomyFood ProductionInnovationManufacturing & Consumer GoodsMarketsNigeria
GBFoods Launches Five New Products to Enrich Nigerian Cuisine and Support Food Vendors
In a move to further cater to the diverse culinary preferences of Nigerian consumers, GBFoods Nigeria has unveiled five new products aimed at enhancing meal experiences while offering convenience and …
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BusinessEconomyGOVERNMENTManufacturingPoliciesTrade and Commerce
Innoson Boss Backs Nigeria-First Policy, Says It Will Revive Local Industry and Attract Global Investors
Founder of Innoson Vehicle Manufacturing Company Ltd (IVM), Chief Innocent Chukwuma, CON, has applauded the Federal Government’s newly approved Nigeria-First policy, stating that it has the potential to transform Nigeria’s …
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BusinessEnergyEnvironmentGOVERNMENTInnovationTechnology
NADDC Commends SAGLEV for Pioneering Electric Vehicle Assembly in Nigeria
The National Automotive Design and Development Council (NADDC) has commended SAGLEV Electromobility Nigeria Limited for pioneering electric vehicle (EV) manufacturing in Nigeria, describing the company’s facility as the first fully …
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AgricultureBusinessEconomyEnergyInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
Akpabio, Others Say Africa Must Stop Exporting Raw Materials Without Value Addition
Senate President Godswill Akpabio has joined other key stakeholders to call on African countries to stop the practice of exporting raw materials without adding value. They said Africa must move …