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Real Sector
Blockchain adoption, manufacturing would accelerate AfCFTA – Experts
The adoption of blockchain for payments across borders as well as the provision of a large industrial manufacturing zone that generates income will help set the tone for the African…
Nestle emerges resilient post-pandemic with 23% profit jump
Nestlé Nigeria, a top player in the Fast moving Consumer Goods (FMCG) industry has emerged resilient in its nine months financial report, which showed a 23 percent increase in its revenue…
Manufacturers say rigorous demands obstruct ease of accessing credit schemes
Manufacturers in Nigeria are lamenting what they say are rigorous demands from Nigerian banks, which have hindered them from accessing credit schemes deployed to drive the sector’s growth.…
Manufacturers flag credit dearth, port access as barriers to industrial growth
Chief executives of manufacturing companies in Nigeria have flagged the high rate of credit inaccessibility, constrained access to national ports as well as issues around severe foreign…
Textile manufacturers flag smuggling, corruption, as deterrents to sector growth
Manufacturers in the textile sub-sector have flagged heightened smuggling activities as well as difficulty in accessing funds among many other challenges, which has affected the productivity…
Shoemakers, others decry high cost of raw materials
Shoemakers and other finished leather products manufacturers in Aba - the commercial hub of Abia State have decried the high cost of raw materials used in the production of shoes, belts,…
Enhancing manufacturing processes seen helping Nigeria achieve SDGs
Successful attainment of the United Nation’s Sustainable Development Goals (SDGs) in Nigeria will require effective and efficient performance of the manufacturing sector driven by the…
Mergers, acquisitions seen in manufacturing sector as hurdles persist
Some economic analysts are projecting the rise of mergers and acquisitions (M&A) in Nigeria’s manufacturing sector, especially among the small and medium enterprises as local…
Packaging industry in Nigeria underexplored despite opportunities
Nigeria’s Packaging Industry despite its resources and reward potential remains one of the most underexplored sectors. This has limited its chances of contributing to economic growth.
The…
Nigerian manufacturers say rising cost impedes benefits of AfCFTA
Nigerian manufacturers see the rising cost of production and distribution in the country as a hindrance for them to maximise the potential of the Africa Continental Free Trade Area (AfCFTA)…