Nigeria’s private sector recorded a rise in new orders in November, reaching the highest level in three months as inflationary pressures continued to ease. This is according to the latest …
manufacturing sector
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BusinessEconomyFinanceInflationMarketsPrivate Sector
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BusinessEconomyEnergyManufacturingNigeria
MAN Raises Alarm as Manufacturers Spend N676.6bn on Alternative Energy in Six Months
The Manufacturers Association of Nigeria has warned that the country’s unreliable and expensive electricity supply continues to frustrate industrial growth, as manufacturers spent N676.6bn on alternative energy in the first …
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DevelopmentEconomyManufacturingNigeriaTrade
Industrialists worry as raw imports from Asia hit N1.72tn
Nigeria imported raw materials worth N1.72tn from Asia in the first half of 2025, according to new figures released by the National Bureau of Statistics. The number shows how strongly …
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Capital MarketCorporate EarningsDangote IndustriesManufacturing
Dangote Sugar Reduces Loss to ₦10.59bn, Records ₦626bn Revenue
Dangote Sugar Refinery Plc has posted a revenue of ₦626.24 billion for the nine months ended September 30, 2025, representing a 29 per cent increase from ₦484.43 billion recorded in …
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BusinessEconomyFinanceGOVERNMENTINVESTMENTManufacturing
MAN Applauds Nigeria’s Removal from FATF Grey List, Says Move to Boost Manufacturing Sector
The Manufacturers Association of Nigeria (MAN) has commended the removal of Nigeria from the Financial Action Task Force (FATF) grey list, describing it as a major boost for the country’s …
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BusinessEconomyGOVERNMENTIndustrial DevelopmentInfrastructureManufacturing
Nigeria, Stellar Steel Sign $400 Million Deal
The Federal Government has signed a landmark $400 million joint strategic cooperation agreement with Stellar Steel Company Limited to establish a state-of-the-art steel plant in Ewekoro, Ogun State, in a …
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BusinessGovernment PolicyManufacturingTrade
Manufacturers Association Urges FG to Set Annual Local Content Targets in Key Sectors
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to introduce annual local content benchmarks for public procurement across key industries such as automobiles, textiles, pharmaceuticals, and …
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BusinessEconomyEmploymentFinanceInflationManufacturing
Nigeria’s Private Sector Records Stronger Growth in August as Inflation Eases
Nigeria’s private sector recorded stronger growth in August 2025 as improved customer demand and easing inflationary pressures boosted business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ …
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BusinessCorporate EarningsEconomyFinanceManufacturingNigeriaStock Market
Cutix Plc Profit Falls 81% in Q1 2025 Despite Rising Assets
Cutix Plc, a Nigerian cable manufacturing company listed on the Nigerian Exchange, has reported a sharp decline in profit for the first quarter of its 2025 financial year. The company’s …
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BusinessDevelopmentEconomyEventsGOVERNMENTManufacturingNewsNigeriaPoliciesTrade and Commerce
FG Backs West Africa Industrial Summit, Pledges Support for Regional Manufacturing Growth
The Federal Government of Nigeria has announced its full support for the upcoming West Africa Industrialisation, Manufacturing and Trade (IMT) Summit and Exhibition, set to hold in Lagos from October …