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Saturday, September 19, 2020

Mammoet completes installing 1,240t propylene mounded bullet at Dangote Petroleum Refinery

Lagos — With the final 1,240t propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there over the past two years. This concludes another successful project completed safely and delivered on time. Mammoet was...

Local content Nigeria’s manufacturing PMI Dips in June as New Orders Remained Weak on Partial Lockdown…

Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed that manufacturing sector contracted in June 2020 as new orders declined faster amid partial lockdown of the economy. The non-manufaturing businesses reflected a gradual recovery as business activities picked amid...

Nigeria’s Cross River State Government partner Ex- Israeli Weapons Supplier to build cocoa processing plant

It is widely known that Nigeria’s Cross River State Governor Ayade has many grand ambitions and projects. With numerous projects ranging from a toothpick factory, rice mill, a piles and pylon outfit, instant noodles factory, and poultry farm. Indigenous people in Cross River State...

Nigerian manufacturers turn to domestic suppliers for raw materials, machinery and spare parts as Dollar scarcity worsen

Businesses struggling to source raw materials from abroad Forex shortage leaves investors unable to repatriate funds Nigerian manufacturers turn to domestic suppliers for raw materials, machinery and spare parts, the association appealed to the central bank to review rules hindering the ability of lenders to extend...

With estimated $1 billion backlog of unmet dollar demand, Nigeria manufactures lament over foreign currency scarcity

A Nigerian manufacturers group says members can’t access dollars as the impact of the coronavirus pandemic and fall in oil prices have cut the flow of foreign currency to Africa’s top oil nation “It was pretty difficult to source forex from all the available windows,”...

Nigeria’s Manufacturing, employment recorded sharp decline in April –Report

New orders, output and employment witnessed sharp falls as prices rose amid supply chain disruption in April. These was the summary of a report of April business activities, which also witnessed low manufacturing. The Nigeria Purchasing Managers’ Index report by Stanbic IBTC Bank Plc for April...

Textile manufacturers appeal to state govts to use local content for face masks

The Nigerian Textiles Manufacturers Association (NTMA) has appealed to Lagos State Government and other state governments interested in procuring face masks for their citizens to consider using its garment and textile manufacturing member-firms for supplies for safe, secure, and hygienically-produced masks. President of the NTMA,...

COVID-19 PPE: Xirea partners Buphalo to boost local production of medical equipment

‌ In a bid to boost the local capacity for the production of medical Personal Protective Equipment to combat COVID-19 and other communicable diseases, Xirea Apparel and Buphalo Active Gear, have entered into a partnership. Founder of Xirea Apparels, Mr. Obinna Eneh, said that the local...

Stallion Motors’ Hyundai launches Nigeria’s first Locally Manufactured Electrical Car

Climate change is for real. The changes in global temperature and weather patterns seen today are caused by human activity. They are happening much faster than the natural climate variations of the past. World over industries have started recognizing this and are making the switch towards...

Silk roadblock: coronavirus exposes Nigeria’s over reliance on China

Libby George, Karin Strohecker LAGOS/LONDON, March 6 - Yetunde Oluyide has run a gift shop in bustling Lagos for nearly a decade, but with coronavirus curtailing imports of Chinese goods, she is losing more than 2 million naira ($5,555) a month. Oluyide’s reliance on China...
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