Category : Search result: factory closures


VW Stops Production at Historic German Factory

Volkswagen halts production at its Dresden 'Transparent Factory,' marking the first German plant closure in its 88-year history. The site will pivot to AI and chip research. Read more.

German Factory Orders Rise More Than Expected

German industrial orders surged 1.5% in October, far exceeding forecasts. The rise, driven by defence procurement, signals a potential bottom for Europe's largest economy. Read the full analysis.

41 Northern Schools Closed Amid Banditry Attacks

Political analyst Omotayo Yusuf condemns school closures in northern Nigeria due to banditry. Learn how insecurity threatens education development and what solutions are needed.

Two Ogun factories sealed for safety violations

Federal Government seals True Metals Nigeria Limited and Phoenix Steel Mills in Ogun State over severe occupational safety breaches. Minister warns employers endangering workers' lives.

7 States Shut Schools Over Insecurity Threats

Multiple Nigerian states have closed schools due to escalating insecurity and targeted attacks. Learn which states are affected and why officials took this drastic action.

Nigeria Baking Crisis: 80,000 Bakeries Shut Down

Nigeria's baking industry faces collapse as over 80,000 bakeries closed since 2020 due to high production costs, energy crisis, and insecurity. Learn how this affects jobs and bread prices.

Nigerian Bank to Close Accounts Under N7.5M Balance

Standard Chartered Bank Nigeria will close customer accounts with less than N7.5 million in February 2026. Learn about the new requirements and branch closures affecting personal banking customers.

German Factory Orders Decline in June 2024

Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.

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.

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