Real Sector

Real Sector

Mergers, acquisitions seen in manufacturing sector as recession hits factories

Gbemi Faminu Nov 30, 2020

Locally and globally, mergers and acquisitions (M&AS) have been on the rise especially in the last decade. The Global Transactions...

Real Sector

FrieslandCampina, Olam, PZ, others expand backward integration projects

Odinaka Anudu Nov 23, 2020

Manufacturing firms are expanding their backward integration investments amid foreign exchange scarcity that is hurting their capacity to import raw...

Real Sector

Kwara Chamber wants state to set up marketing board

Sikirat Shehu Nov 23, 2020

The Kwara State Chamber of Commerce, Industry, Mines and Agriculture (KWACCIMA) has enjoined Governor Abdulrahman Abdulrazaq to set up a...

Real Sector

Investments in cement industry pay off as big players reap gains

Odinaka Anudu Nov 09, 2020

Billions of naira investments in the cement industry are gradually paying off as Dangote, BUA and Lafarge benefit from expansion...

Real Sector

Export grant, border closure worry exporters as AfCFTA nears

Odinaka Anudu Nov 09, 2020

Nigerian exporters are worried by government inability to offset the Export Expansion Grant (EEG) backlogs and the closure of Nigeria-...

Real Sector

N100bn healthcare fund: Pharmaceutical industry urges CBN to review moratorium to 2years

Hope Moses-Ashike Nov 03, 2020

Nigeria’s pharmaceutical industry, comprising of 101 registered members with investment worth N300 billion on Tuesday urged the Central Bank of...

Real Sector

5 things FG must do to turn Nigeria into industrial economy

Odinaka Anudu Nov 02, 2020

Nigeria has the potential to become an industrialised and resilient economy. But it must address some of the issues that...

Real Sector

LCCI inducts 50 new firms, opens up opportunity for collaboration

Odinaka Anudu Oct 26, 2020

The Lagos Chamber of Commerce and Industry (LCCI) has inducted 50 new member-firms into its fold, with a charge to...

Real Sector

Paper industry booms, but Nigeria not in the party

Odinaka Anudu Oct 16, 2020

Brazil, an emerging economy with 209.5 million people, made $3.5 billion from selling cellulose pulp to China in 2018. In...

Real Sector

FG sensitises state commissioners on mining policy, ease of doing business

Harrison Edeh Oct 16, 2020

The Ministry of Mines and Steel Development held a 2-day sensitization meeting with States Commissioners for Justice, Minerals and Environment...

Real Sector

FG guarantees 5 years tax holiday for miners, waiver on mining equipment

Harrison Edeh Oct 13, 2020

The Federal Government has guaranteed five years tax holiday for miners who operates in the nation’s mining sector and waiver...

Real Sector

Exporters call for payment of N200bn outstanding EEG debt

Odinaka Anudu Oct 12, 2020

The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has called on the Federal Government to pay the outstanding Export...

Real Sector

How smuggling, poor access to funds hurt textile industry

Gbemi Faminu Oct 12, 2020

Manufacturers in the textile industry are hard hit by smuggling and difficulty in accessing funds, according to industry players. “The...

Real Sector

Indorama-Nigeria to invest $6bn more after $3bn so far – Minister

Ignatius Chukwu Oct 09, 2020

The Minister of State for Petroleum Resources and former governor of Bayelsa State, Timipre Marlin Sylva, has disclosed that Indorama-Nigeria...

Real Sector

Insecurity, debt, Form ‘M’ policy hurting economy—LCCI

Odinaka Anudu Oct 06, 2020

Insecurity, huge debt profile and a policy on Form ‘M’ are all hurting the Nigerian economy, pushing businesses to the...