Fidson Healthcare Plans N21 Billion Capital Raise
Fidson Healthcare Plc announces a N21 billion rights issue to boost manufacturing and African expansion. The offer is priced at N35 per share for existing shareholders. Read more.
Category : Search result: Nigeria manufacturing boom
Patrick Ajah on May & Baker's Leadership in Nigerian Healthcare
CEO Patrick Ajah reveals how purpose-driven innovation, local manufacturing, and ethical governance sustain May & Baker Nigeria's 80-year healthcare leadership. Discover the strategy.
German Business Confidence Falls to 7-Month Low
German business sentiment dropped for a second month in December, hitting its lowest point in seven months. The industrial slump and weak Christmas sales signal a bleak economic end to 2025. Read more.
PromoPrint Marks 25 Years of Nigerian Manufacturing Resilience
PromoPrint Ventures celebrates 25 years, highlighting local manufacturing resilience, innovation, and the shift from import dependence. Read the inspiring story of Nigerian enterprise.
OllyBeatz releases 'Boom Bele' single with L1 Boi
Nigerian producer David OllyBeatz has released a new Afrofusion track, 'Boom Bele,' featuring L1 Boi, just in time for the December festivities. Get ready to move!
German Plant Turns Beech Wood into Chemicals, Replacing Oil
A €1.3 billion German biorefinery is using beech wood biomass to make chemicals for tyres and clothing, aiming to cut fossil fuel reliance. Can this green gamble revive the struggling industry? Read more.
High Energy Costs Threaten Nigerian Manufacturing - FG
The Federal Government warns that energy costs now consume 40-60% of manufacturers' expenses, eroding Nigeria's industrial edge. Minister John Owan Enoh calls for urgent action. Read more.
Nigeria to Start Making Aircraft Parts, Aims for $2.58bn Revenue
President Tinubu announces plans for local aircraft component manufacturing, aiming to make Nigeria West Africa's aviation hub. Passenger traffic is projected to hit 25.7 million by 2029.
Pharmacists Demand Local HIV Drug Manufacturing
Nigeria's community pharmacists call for urgent local investment in HIV/AIDS commodities and services to reduce dependence on external donors and protect recent gains in the fight against the epidemic.
Soft Drink Tax Hike Risks Jobs and Inflation, CPPE Warns
The CPPE warns Nigeria's proposed excise duty increase on beverages may trigger job losses and worsen inflation. Experts urge broader public health strategies instead. Read more.
German Economy in 'Deepest Crisis' Since WWII
Germany's economy faces its worst post-war crisis, with industry leaders urging urgent government action to reverse the decline. Read the full analysis.
Business Confidence High as Firms Expand Inventory for Yuletide
Nigeria's private sector expands for 13th straight month. PMI at 53.6 points as companies build inventory for Christmas demand. Inflation eases, boosting business outlook for 2025. Read more.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
CPPE Slams Senate Over Proposed Beverage Tax Hike
The CPPE warns that the Senate's plan to increase excise duty on non-alcoholic drinks is economically disruptive and threatens jobs. They urge its withdrawal. Read more.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
MAN Warns Against SSB Tax Hike, Cites Job Risks
Manufacturers Association of Nigeria warns proposed sugar-sweetened beverage tax increase could undermine local production, threaten jobs, and distort investments. Urge lawmakers to reconsider.
Nigerian engineer launches local wireless speakers brand
Adeleke Timileyin, known as Ekunrawo, shifts from entertainment to tech with EK Beatz Audio wireless speakers launch in Lagos, signaling Nigeria's growing local manufacturing movement.
AfDB approves $500m loan for Nigeria's budget
African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.
Olubadan Launches Economic Committee for Ibadan Growth
Olubadan of Ibadanland Oba Ladoja establishes Economic and Investment Committee to address manufacturing challenges. FMCG Association and Jaiz Bank pledge support for city's economic transformation.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
MAN: 37% Lending Rate Hinders Manufacturing
MAN laments 37% lending rate, says high borrowing costs hinder production and reduce competitiveness. DG Segun Ajayi-Kadir urges CBN for rate reduction.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
VAT hits N2.06 trillion in Q2 2025, 7th consecutive rise
Nigeria's VAT collections surge to N2.06 trillion in Q2 2025, recording seventh consecutive quarterly growth since economic reforms. Manufacturing leads sectoral contributions with 27.19% share.
West Africa Industrial Summit Set for March 2026 in Lagos
The WA-IMT Summit in Lagos from March 3-5, 2026 will drive regional integration and sustainable industrial growth across West Africa. Join industry leaders!
Canada Warns Citizens: Avoid Non-Essential Nigeria Travel
Canada warns citizens to avoid non-essential travel to Nigeria due to terrorism, kidnappings, and crime. Exercise high caution in Lagos and Calabar. Stay informed.
Peter Obi Decries Nigeria's Worsening Insecurity Crisis
Peter Obi questions Nigeria's leadership failure amid multiple kidnappings and attacks. Read his strong condemnation of the security situation and institutional decline.
German Business Confidence Falls in November 2025
German business sentiment declines to 88.1 points as companies lose faith in government reforms. Manufacturing and construction sectors hit hardest amid economic concerns.
Peter Obi Tackles Leaders Over Nigeria's Insecurity Wave
Peter Obi questions if Nigeria is cursed or its leaders are the curse following devastating attacks, kidnappings, and security failures across multiple states in 10 days.
Mogadishu Building Boom Transforms War-Torn City
Mogadishu experiences unprecedented construction boom as security improves. Discover how Somali diaspora investments and checkpoint systems revive the capital.
Trump threatens aid cut over Nigeria Christian killings
US President Donald Trump threatens to cut aid to Nigeria over ongoing Christian killings and mass abductions. Latest attacks in Kebbi, Kwara, Niger states spark international concern.
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