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: manufacturing expansion
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.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
ISPs Seek Policy Help for Underserved Areas
Internet providers urge government intervention to expand services to unserved regions. High costs and infrastructure vandalism threaten growth despite rising demand for broadband.
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.
Anambra Deploys AI, Broadband to Transform Governance
Anambra State is using Artificial Intelligence and expanded broadband to reshape public service delivery. Discover how this digital-first approach is creating a smarter government.
Vodacom Takes Control of Safaricom in $2.1B Deal
South Africa's Vodacom secures a controlling 55% stake in Kenya's Safaricom for $2.1 billion, reshaping East Africa's telecom landscape and boosting digital inclusion. Read the full analysis.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
10 New Diagnostic Centres to Launch in Nigeria by 2026
NSIA-MedServe partners with GE Healthcare to establish 10 diagnostic centres nationwide by mid-2026, boosting access to CT scans, mammography, and X-rays for early disease detection.
Enugu Plans 5 New Transport Terminals to Boost Economy
Governor Peter Mbah unveils a N1.62 trillion budget for 2026, prioritizing transport infrastructure with five new terminals and 2,000 city taxis to stimulate Enugu's economic growth.
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.
Rukayatu Issaka: Marketing Director at Adam Ro Music Ltd
Rukayatu Issaka, Marketing Director at Adam Ro Music Ltd, is spearheading the company's global strategy to elevate African creative talent worldwide through strategic partnerships and brand development.
Feedlot Nigeria Expands to 5000 Cattle Herds
Feedlot Nigeria boosts cattle capacity to 5000 herds, enhancing local beef production and reducing import dependency. Discover how this expansion transforms Nigeria's agricultural sector.
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.
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.
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