Browsing Tag

Manufacturing

India’s Industrial Output Dips 16.7% in March

Abdulfatah Babatunde May 12, 2020 0

India’s industrial output declined 16.7 per cent in March, mainly due to poor performance in mining, manufacturing and electricity.This is attributed to a nationwide lockdown since March 25 over COVID-19, data released by the Ministry…

Business

MAN cautions FG against VAT increment

Rukayat Moisemhe Mar 21, 2019 0

The Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector.AmbodeThe Director-General of the association, Mr Segun Ajayi-Kadir, made the remarks in Lagos,…

Business

NASCON new products to boost revenue, profitability

Femi Famutimi May 10, 2017

Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a result of the proposed new products, to…

Government

VP Osinbajo to visit manufacturing firms in Anambra

Ayo Nov 23, 2016

Vice President Yemi Osinbajo would on Nov. 24 visit some select companies in Anambra to assess the challenges facing them in the state.Gov. Willie Obiano made this known to newsmen in Awka on Wednesday.Obiano said the visit was…

Business

CBN Mandates banks to sell 60% Forex to manufacturers

Femi Famutimi Aug 23, 2016 0

The Central Bank of Nigeria (CBN), yesterday mandated that banks are to allocate 60 per cent of their total Foreign Exchange, forex purchases from all sources (interbank inclusive) to manufacturers and 40 per cent to other users for the…