Manufacturing/Industry

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Manufacturing/Industry

Toyota halts production at all Japanese factories after system failure

Tokyo, Aug. 29, 2023 – Toyota, the world’s biggest carmaker, has halted operations at all of its assembly plants in Japan following a system malfunction. The Japanese car manufacturer suspended operations at its 14 domestic plants after the glitch left the company unable to order components, a company spokesperson said on Tuesday. The company had earlier in the day suspended operations at 12 plants, leaving the Miyata facility in Fukuoka and subsidiary Daihatsu’s facility in Kyoto operating as normal. The carmaker said it did not know when operations would resume. …

Manufacturing/Industry

Dangote emerges Most Valuable Brand in Nigeria for 6th consecutive years

Lagos, Aug.25, 2023 – Dangote Industries Limited has emerged as Nigeria’s most valuable brand for the sixth consecutive year. This achievement was confirmed by the brand and marketing firm, TOP 50 BRANDS NIGERIA, as part of its comprehensive 2023 Top Brands perception assessment. Winning the award for a record 6th time confirms the foremost African indigenous Conglomerate’s unwavering dominance of the domestic brand space. TOP 50 BRANDS NIGERIA is a qualitative, non-financial evaluation of top corporate brands in the country.  The annual top brands league table, which has become like …

Business Planning Investment Manufacturing/Industry

India to collaborate with Nigeria on energy transition – official

Abuja, July 18, 2023 – The Indian High Commission in Nigeria has promised that his country will collaborate with the Nigerian government in ensuring a smooth energy transition. Shri Balasubramanian, the India’s High Commissioner to Nigeria, made the promise during a visit to the Indian pavilion at the just concluded NOG Energy Week Conference & Exhibition 2023 in Abuja. He said that India was playing a good role in renewable energy. “We have some expertise on it and we hope to collaborate with Nigeria on it. I know there are …

General News Manufacturing/Industry

NASME to launch N1bn empowerment fund in August

Lagos, July 7, 2023 – The Nigeria Association of Small and Medium Entrepreneurs (NASME) is to launch a N1 billion youth and women investment and empowerment fund in August. Abdulrasheed Yerima, the Chairman of the Governing Council of NASME, said that during the celebration of the 2023 International MSME Day. Yerima said Micro Small Medium Scale Enterprises (MSMEs) in Nigeria suffered numerous problems of funding, digital maturity, security, productivity, among others which had affected their efficiency, competitiveness, and growth. He said there was still a significant gap that needed to …

Capital market Manufacturing/Industry Money market

Hal-year Review: Expert advises Tinubu to mitigate economic hardship

Lagos, July 3, 2023 – Dr Muda Yusuf, a financial expert, has advised President Bola Tinubu to immediately introduce measures to mitigate the current hardships inflicted by the current economic reforms. Yusuf, the Director of Centre for the Promotion of Private Enterprise (CPPE) in Lagos, gave the advice on Sunday in a half year review of the performance of the Nigerian economy. He said the measures should be a mix of direct interventions, tax incentives for low-income employees and small businesses, reduction in import duty on some critical intermediate products …

General News Manufacturing/Industry

NAFDAC to enforce hygienic practices in bread production, ensure food safety

Lagos, June 25, 2023 – National Agency for Food and Drug Administration and Control (NAFDAC) has advised bread and other confectionery to imbibe the culture of Good Hygiene Practices (GHP) in the production of bread and other allied products. NAFDAC Director General, Prof. Mojisola Adeyeye, gave the advice on Friday during a stakeholders’ meeting with the Lagos State Chapter of Association of Master Bakers and Caterers of Nigeria. She said that NAFDAC would not compromise the quality of bread production in the country. The NAFDAC boss, who was represented by …

Manufacturing/Industry

NAFDAC advises pharmaceutical industries to set up inspection department

Lagos, June 18, 2023 – The National Agency for Food and Drug Administration and Control (NAFDAC) has advised operators in the pharmaceutical industry in Nigeria to establish Pharmacovigilance Surveillance departments. Prof. Mojisola Adeyeye, the Director General of NAFDAC, said this was important as NAFDAC would soon start full implementation of Pharmaceutical Vigilance (PV) across the country. She gave the advice on Friday at the Pharmacovigilance Inspection interactive session with Pharma Stakeholders in Lagos. Adeyeye said that this was also necessary in view of the preparedness of the nation to begin …

Manufacturing/Industry

Nascon confirms Thabo Mabe as substantive managing Director

The Board of Directors of Nascon Allied Industries Plc has confirmed Thabo Mabe as the substantive Managing Director of the company. The Board also announced the appointment of Ms. Fatima Aliko-Dangote as a Non-Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). The notice, signed by Adedayo A. Samuel, company secretary, said the board of directors of Nascon Allied Industries also approved other changed at a meeting held on May 26, 2023. Mabe joined Dangote Group as the MD/CEO of Dangote …

Investment Lifestyle Manufacturing/Industry Street Fashion

Ecobank sets to host second edition of “Adire Lagos Experience”

Lagos, May 30, 2023 – All is now set for the second edition of Adire Lagos Experience being hosted annually by Ecobank Nigeria. The bank said it was impressed and motivated by the phenomenal success of the maiden edition held last year. The three-day exhibition with the theme “Adire Lagos Experience”, will take place at the ultra-modern Ecobank Pan African Centre (EPAC) complex on the highbrow, Victoria Island, Lagos from Friday, June 9 till Sunday, June 11, 2023, from 1200 noon daily. Announcing the second edition in Lagos, Korede Demola-Adeniyi, Head, Consumer Banking …

Manufacturing/Industry

Chris Oyakhilome acquires, rehabilitates old Bendel Mills

Benin, May 12, 2023 – Chris Oyakhilome, the President of Love World Ministry (Christ Embassy), has acquired the old Bendel Flour Mills in Ewu, Edo State. He has started investing lots of resources into  rehabilitating the project, now called Prime Feed and Flour Mills. Philip Shaibu, the Deputy Governor of the state, paid a working visit to the mill to see the extent of the massive investment on Thursday. He expressed delight at the massive investment and commended Oyakhilome for his initative. Shaibu, in a post on his official Facebook …