Tag: Industry

Business

High costs, FX threaten Nigeria’s industrial stability — Chemical product workers

The Chemical and Non-Metallic Products Employers Federation has issued a stern warning that escalating production costs, the burden of multiple taxation, and intense foreign exchange volatility continue to pose a significant threat to Nigeria’s industrial stability. This caution comes despite the observed resilience and innovation demonstrated by manufacturers in adapting to the nation’s harsh economic […]

BOI, IFC partner to fund industrial sector
Economy

BOI, IFC partner to fund industrial sector

BOI, IFC partner to fund industrial sector A stakeholder conference will be held by the Bank of Industry and the International Finance Corporation to discuss the present state of the operating environment and promote the expansion of the industrial sector in the nation. The PUNCH revealed that the conference which was with the theme, “Empowering Futures: A Collaborative Journey in […]

FG advocates for strict regulation of tobacco industry
Business

FG advocates for strict regulation of tobacco industry

The Federal Government has emphasized that the tobacco sector must be strictly regulated in conformity with national legislation and international best practices. The PUNCH reported that the coordinating Minister of Health and Social Welfare, Prof. Ali Pate, announced this recently in Lagos during the formal lunch of the Federal Competition and Consumer Protection Commission’s tobacco control […]

Business opportunities in Nigerian waste collection industry
Business

Business opportunities in Nigerian waste collection industry

In Nigeria, the waste collection industry is critical to addressing growing environmental concerns and supporting sustainable waste management methods. Waste, sometimes known as “garbage” is the term used to describe abandoned materials, substances, or by-products that are no longer valuable or intended for further use. With increased urbanization and industrialization, the volume of trash generated has increased dramatically, […]

How inflation, forex crisis may affect consumer goods industry - Report
Business

How inflation, forex crisis may affect consumer goods industry – Report

Persistent inflation and currency issues are expected to have an impact on the fourth-quarter financial results of enterprises operating in the consumer products sector of the economy in 2023. According to The PUNCH, this was announced in Meristem Securities Limited’s Consumer Goods Sector Update for December 2023. According to the research, foreign exchange losses for […]