Archives for INDUSTRY
Heirs Insurance Group Named Among Africa’s Fastest-Growing Companies in Financial Times Ranking
BY NGOZI ONYEAKUSI Heirs Insurance Group has achieved a landmark double recognition, with member companies, Heirs Life Assurance and Heirs General Insurance, both earning coveted spots on the 2026 Financial…
Photo: TEXEM UK Executives Pay Courtesy Visit To Sovereign Trust Insurance New CEO Â
L-R: Akinwumi Akinrinmade, ED Technical Operations, Sovereign Trust Insurance Plc; Comfort Madukwe, Associate Project Manager, TEXEM; Dr. Lucas Durojaiye, MD/CEO, Sovereign Trust Insurance Plc; Dr. Alim Abubakre, Chair, TEXEM UK…
MAN Decries Surge in Imported Raw Materials Cost by 118%, N1.62trn FX Losses
The Manufacturers Association of Nigeria (MAN), hhas decried the astronomical surge of 118 per cent in the cost of imported raw materials, which grew to trillion and foreign exchange (FX)…
Lagos worst hit as Nigeria loses over N30bn to 42 market firesÂ
Between January 2023 and April 2025, at least 42 market fires ravaged major commercial hubs across 11 states in Nigeria. This led to the destruction of goods and property worth…
Manufacturers Lament Over High Cost Of Production
BY NGOZI ONYEAKUSI Nigerian manufacturers have lamented over the rising cost of energy, which they said, now gulped about 40 per cent of the production cost. This is just as…
I’m honoured, excited over World Bank’s appointment – Dangote
President and CEO of Dangote Group, Aliko Dangote, has expressed gratitude following his appointment to the World Bank’s Private Sector Investment Lab, a global initiative aimed at accelerating private investment…
Manufacturing costs soared by 18.2% in Q4 – MANÂ
Production and distribution costs in the manufacturing sector surged by per cent in the fourth quarter of last year, highlighting the macroeconomic environment’s worsening impact on manufacturers. Director-General of the…
Manufacturers call for reconsideration of proposed 15% hike in port chargesÂ
The Manufacturers Association of Nigeria (MAN) has implored the Nigerian Ports Authority (NPA) to pull the breaks on the proposed 15 per cent increase in port charges and instead, collaborate…
Fed Govt pegs interest on N1tr housing loans at 12%Â
 The Federal Government has announced a N1 trillion real estate funds aimed at facilitating home ownership through the provision of low-interest loans at a 12per cent interest rate. This initiative…
Tariff Hike: Manufacturers Demand DisCos Review
BY NGOZI ONYEAKUSI Â The Manufacturers Association of Nigeria has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure,…
