Nissan Projects ₦2.6 Trillion Loss for 2025-26
Japanese automaker Nissan projects massive ¥180 billion operational loss for 2025-26 fiscal year. Company announces aggressive turnaround strategy including new models and cost reduction measures.
Category : Search result: manufacturing sector
FG Sets Financial Conditions for Ibadan Disco Licence
The Federal Government imposes strict financial requirements on Eko Electricity Distribution Company for Ibadan Disco licence renewal, demanding improved performance and financial stability.
Tinubu Cuts Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.
Dangote Industries Hailed as Nigeria's National Treasure
The President of BAVCCA celebrates Dangote Industries as Nigeria's invaluable economic asset, highlighting job creation and industrial growth across multiple sectors.
Segilola Resources Wins Second CIPM HR Award
Segilola Resources Operating Limited continues to set new standards in human resource management, securing its second consecutive CIPM award while transforming Nigeria's mining sector through exceptional workforce development.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Volkswagen Reports €1 Billion Loss Amid Tariff Crisis
German automaker Volkswagen reports staggering €1 billion quarterly loss amid EU-China tariff tensions and Porsche challenges. Discover how this impacts global automotive markets.
GTCO Records ₦900.8 Billion Profit in Q3 2024
Guaranty Trust Holding Company Plc (GTCO) announces exceptional financial performance with Profit Before Tax hitting ₦900.8 billion in Q3 2024, showcasing remarkable growth and market leadership.
National Quality Conference in Nigeria Postponed
The much-anticipated National Quality Conference in Nigeria has been officially postponed. Get the latest updates on new dates and what this means for stakeholders.
KEDCO Starts $550M World Bank Metering Scheme
Kano Electricity Distribution Company kicks off transformative mass metering program backed by World Bank funding, promising relief from estimated billing for millions of customers across Northwest Nigeria.
Oil Marketers Warn Against Monopoly in Nigeria
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Nigeria Manufacturers Face 51% Forex Shortage Crisis
MAN reveals only 49% of manufacturers' forex needs are met, threatening production and economic growth despite positive 4% sector outlook for 2024.
Nigerian insurer grows premium to N15.3b amid challenges
Despite Nigeria's tough economic climate, a leading insurance company reports impressive 15% premium growth, reaching N15.3 billion while maintaining strong profitability metrics.
FG Plans Electricity Subsidy for Vulnerable Nigerians
The Federal Government announces strategic electricity subsidy initiative to protect low-income households and vulnerable Nigerians from recent tariff increases while maintaining sector sustainability.
Nigeria signs $400m steel production deal
Federal Government partners with African Natural Resources and Mines Limited in landmark agreement to boost domestic steel manufacturing and reduce import dependency.
Economic Saboteurs Threaten Dangote Refinery - NAPS
The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.
Nigeria Must Scale Production to Compete Globally
Groundbreaking analysis shows Nigerian producers must embrace mass production to compete internationally. Discover the strategic roadmap for economic transformation.
EU & FG Host Manufacturing Investment Forum in Nigeria
European Union partners with Federal Government to launch transformative investment forum targeting Nigeria's manufacturing sector, renewable energy, and emerging technologies.
Access Holdings Buys National Bank of Kenya for ₦179B
Nigerian financial giant Access Holdings PLC has finalized a historic acquisition of National Bank of Kenya, marking one of Africa's largest cross-border banking transactions worth ₦179 billion.
Police bust illegal arms factory in Akwa Ibom
Nigerian Police Force makes groundbreaking discovery of clandestine weapons manufacturing unit in Akwa Ibom State, arresting key suspects and recovering dangerous firearms.
Contractors Threaten Protests Over Unpaid 2024 Projects
Indigenous contractors across Nigeria are threatening nationwide protests as Federal Government fails to pay for completed 2024 projects, creating financial crisis in construction sector.
UBS Beats Expectations with $1.8 Billion Profit
Swiss banking powerhouse UBS delivers stunning Q1 results, exceeding expectations with $1.8 billion profit and recovering massive provisions. Nigerian investors watch closely as global banking shows strong recovery signs.
Nestoil Clarifies Receivership Situation with Lenders
Nestoil clarifies receivership situation, confirms lenders' action against subsidiary while maintaining business stability. Get exclusive details on the corporate development.
Nigeria's Blue Economy: Sustainable Maritime Future
Federal government rallies marine engineers to harness Nigeria's vast ocean resources through sustainable practices and technological innovation for economic growth.
N7.6 Trillion Lost to Trade Corridor Extortion Yearly
Shocking investigation reveals sophisticated extortion networks draining Nigeria's economy through ports and trade routes, with devastating impact on businesses and consumers.
Lagos Blue Economy Strategy: Unlock Nigeria's Maritime Wealth
Experts reveal how adopting Lagos State's comprehensive blue economy framework could unlock Nigeria's massive maritime potential and transform coastal communities.
Nigeria's Metering Crisis: 100K vs 7M Target
Nigeria faces a massive electricity metering gap with only 100,000 meters installed against a 7 million target. Minister Adebayo Adelabu's ambitious plan aims to transform the power sector amid growing consumer frustration.
FirstBank Redeems $350M Eurobond, Shows Financial Strength
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.
Nigeria Exports Solar Panels to Ghana
Nigeria achieves groundbreaking milestone in renewable energy sector as Minister of Power Adebayo Adelabu announces successful solar panel exports to Ghana, marking new era of regional energy collaboration.
New GSM Operator Launches Nationwide Service in Nigeria
Nigeria's telecommunications sector welcomes a new player as the latest GSM operator announces nationwide rollout with competitive tariffs and enhanced connectivity.
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