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Real Sector
How smuggling, poor access to funds hurt textile industry
Manufacturers in the textile industry are hard hit by smuggling and difficulty in accessing funds, according to industry players. “The textile industry used to have over 200 active firms,…
Indorama-Nigeria to invest $6bn more after $3bn so far – Minister
The Minister of State for Petroleum Resources and former governor of Bayelsa State, Timipre Marlin Sylva, has disclosed that Indorama-Nigeria is prepared to invest additional $6billion in…
Insecurity, debt, Form ‘M’ policy hurting economy—LCCI
Insecurity, huge debt profile and a policy on Form ‘M’ are all hurting the Nigerian economy, pushing businesses to the brink, according to the Lagos Chamber of Commerce and Industry (LCCI).…
Drug makers shine as COVID-19 boosts margins, raises prospects
COVID-19 has become a blessing in disguise for Nigeria’s drug makers as the pandemic shot up their revenues in the second quarter of 2020. In the last five second quarters (Q2), the…
Wemy launches facemasks, PPE in fight against COVID-19
Wemy Industries, the manufacturer of Dr. Brown’s and Nightingale range of products, has started the production of facemasks and hand sanitizing wipes. The company started this journey on…
Unitellas partners Zadara to boost data safety for manufacturers, service providers
Unitellas International Limited has partnered Zadara to help manufacturers, service providers, financial institutions and government store their data locally and properly manage their IT…
Bitter-sweet tale of Nigeria’s manufacturing sector
It has been a bittersweet story for Nigeria’s manufacturing sector in the last 60 years. After Independence in 1960, the then Nigerian government came up with the Import Substitution Policy,…
Adegbite pushes for export of mined mineral ahead of raw material
Nigeria's Minister of Mines and Steel Development, Olamilekan Adegbite said minerals mined in the country should be processed and exported ahead of exportation of raw materials to drive…
Nigerian manufacturers flag infrastructure, ports as AfCFTA nears
Nigerian manufacturers say poor infrastructure and lack of access to Lagos ports are critical challenges that will de-market them as the African Continental Free Trade Area (AfCFTA) begins…
Experts canvass boosting Nigeria’s mining sector to spur industrial growth
Experts in the mining industry have reiterated the need to boost the country’s mining sector for economic and industrial growth. They say mining is a promising sector which can attract…