Tag: manufacturing

Business

Okin Biscuits resumes production after 17 years of shutdown

Okin Biscuits has resumed production 17 years after its manufacturing operations were halted, following the rehabilitation of one of its production lines at its factory in Offa, Kwara State. The company disclosed this in a statement shared on its official Facebook page on Wednesday, describing the development as a major milestone in its efforts to […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Foreign investment in manufacturing sector falls by 54% – NBS

The latest Capital Importation data from the National Bureau of Statistics shows that foreign investments in Nigeria’s manufacturing sector decreased by $326 million (54%) to $279.5 million in the third quarter of 2023 from $605 million in the second quarter. According to The PUNCH, the report’s further research, despite the large decline, the production sector […]