The Federal Government urges Nigerians to buy locally-made new cars, not imported used vehicles. Elizade JAC reveals a 2026 strategy for affordable pricing and warranties to disrupt the auto market.
The Nigerian government announces a mandatory vehicle recycling fee starting 2026 to tackle abandoned cars and formalise the auto recycling sector, projecting over ₦150bn in annual revenue.
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.
A fatal accident involving a Silo Mixer truck and a Korope bus in Lagos has claimed two lives. LASTMA rescued three injured victims. Read more on the crash details and safety warnings.
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 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.
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.
The EU is poised to abandon its 2035 ban on new petrol and diesel cars, replacing it with a 90% emission cut target. This major shift aims to support Europe's carmakers facing Chinese competition and slow EV adoption.
Nigerian Army troops, in a joint operation, have freed 14 kidnapped victims from a hideout in Orokam Forest. The successful raid followed community intelligence. Read the full details of the rescue mission.
PromoPrint Ventures celebrates 25 years, highlighting local manufacturing resilience, innovation, and the shift from import dependence. Read the inspiring story of Nigerian enterprise.
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.
A horrific multi-vehicle crash involving trailers, buses, and cars on the Enugu-Port Harcourt highway near Gariki Market has resulted in significant casualties. Read the full report on the tragic incident and rescue efforts.
President Trump revokes tougher CAFE standards, aiming to cut new car costs by $1,000. The move, backed by Big Three CEOs, sparks debate on affordability versus climate goals.
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.
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.
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.
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.
Germany's economy faces its worst post-war crisis, with industry leaders urging urgent government action to reverse the decline. Read the full analysis.
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.
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.
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.
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.
Manufacturers Association of Nigeria warns proposed sugar-sweetened beverage tax increase could undermine local production, threaten jobs, and distort investments. Urge lawmakers to reconsider.
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.
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.
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 laments 37% lending rate, says high borrowing costs hinder production and reduce competitiveness. DG Segun Ajayi-Kadir urges CBN for rate reduction.
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.
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.
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!