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Stakeholders say devaluation will boost non-oil export, seek more efforts from FG

Stakeholders say devaluation will boost non-oil export, seek more efforts from FG

Industry stakeholders have predicted that the devaluation of the Naira will favour businesses in the non-oil export sector as well as manufacturers that source their raw materials locally rather than…

NACCIMA seeks clarification on palm oil products’ tariff

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has called on the Federal Government to reconsider the ECOWAS CET document and revise the tariff on palm…

Companies must adapt to fast changing global environment to succeed

The Head of Marketing for DHL Express Sub Saharan Africa, Sumesh Rahavendra, has said that companies that can adapt to the fast changing global environment such as unstable currency markets…

Fast-track issuance of title deeds to aid agric growth – Expert

By Phillip Oladunjoye / Snr Correspondent Lagos   The Director, Africa Region, Cassava Adding Value to Africa, Prof. Kola Adebayo, has urged the Federal Government to hasten the process of issuing…

Stakeholders allay fears over rice’s backward integration policy

Stakeholders allay fears over rice’s backward integration policy

By Phillip Oladunjoye  / Snr Correspondent Lagos   Stakeholders in the rice production and distribution sub sector of the economy have thrown more light on the implementation of the backward integration…

PMG-MAN boss seeks vibrant petrochemical industry

By Phillip Oladunjoye  / Snr Correspondent Lagos   The Managing Director/Chief Executive Officer, SKG Pharma Limited, a Pharmacist, who is also the Chairman, Pharmaceutical Manufacturers Group of the Manufacturers Association of…

Experts berate low level of intra-Africa trade

The Africapitalism Institute has said that African countries would have to intensify efforts towards refining and adding value to the natural resources in the region so as to encourage any…

Diversification of economy panacea to economic stability

Diversification of economy panacea to economic stability

By Phillip Oladunjoye  / Snr Correspondent Lagos   In the light of the crumbling oil prices at the international market, many industry experts in the country have been advising the Federal…

Nigeria set to strengthen bi-lateral trade with Vietnam

The Nigerian-Vietnam Chambers of Commerce and Industry has said that efforts are been made to strengthen bi-lateral trade between the two countries. The chamber said trading activities between the two…

Nigeria’s investment in R&D accounts for 0.01% global expenditure – FIIRO

The Federal Institute of Industrial Research, Oshodi (FIIRO), has said that Nigeria’s investment in Research and Development (R&D) accounts for 0.01 per cent of global expenditure. The Director General, FIIRO,…

BoI grants N1.1b for SIM cards, National ID, voter’s cards

By Phillip Oladunjoye / Snr Correspondent Lagos   The Bank of Industry, BoI, has granted N1.1 billion credit facility to local manufacturers of electronic payment cards, SIM cards, National ID card…

2014 in retrospect: Many hurdles for manufacturing sector

2014 in retrospect: Many hurdles for manufacturing sector

By Phillip Oladunjoye  / Snr Correspondent Lagos   Mixed reactions have continued to trail the performance of the manufacturing sector of the economy in 2014. Based on some statistical analysis some…

Growing cable industry through adherence to standardisation

Growing cable industry through adherence to standardisation

By Phillip Oladunjoye / Snr Correspondent Lagos   The call for strict adherence to standardisation policy by manufacturers in the country seems to be making meaningful impact in the cable and…

FG urges DISCOs to patronise local manufacturers

The Federal Government has directed all the electricity distribution companies in the country to patronize local manufacturers in line with the policies put in place by government, which is designed…

SON destroys N5b substanded goods

Stories by Phillip Oladunjoye  / Snr Correspondent Lagos   The management of Standards Organisation of Nigeria (SON) said it has destroyed, through burning, sub standard products worth five billion Naira this…

Nigeria’ll save N1.27bn annually via cassava revolution – DG FIIRO

The Director-General of Federal Institute of Industrial Research, Oshodi (FIIRO), Dr. Gloria Elemo, has said that Nigeria will save N1.27 billion annually from the use of cassava as bakery products…

ECOWAS, WAEMU to promote trade in West Africa

The Economic Community of West African States (ECOWAS) in partnership with West African Economic and Monetary Union (WAEMU) has launched two programmes with the aim to promote intra and inter-regional…

Revitalizing sugar sub-sector for economy diversification

Revitalizing sugar sub-sector for economy diversification

By Phillip Oladunjoye  / Snr Correspondent Lagos   The Backward Integration Programme (BIP) for the production of local sugar in line with the provisions of the National Sugar Master Plan seems…

Ministry urges Japan agency to focus on recycling of used vehicles

The Federal Government has called on the Japanese Government to help in recycling huge and disused vehicular carcass that donned the country’s landscape. Speaking at a technical meeting between officials…

Korean firms seek trading partners in Nigeria

The Commercial Attache of the Korea Republic in Nigeria, Mr. Bohyun Pyun, has said that many Korean companies are eager to explore and find trading and joint venture partners in…

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