Nigeria Auto Plants Operate at 5% Capacity as Tokunbo Dominates
By Oluwakemi Kindness More than 30 automotive assembly plants in Nigeria are operating at just 5% of their combined capacity as imported used vehicles, popularly known as tokunbo, continue to dominate the market. The situation has left about 570,000 units of potential annual production unrealised, according to the National Automotive Design and Development Council (NADDC). […]
Dangote Signs $800m Deal to Expand Ogun Cement Plant
By Mardiyyah Abubakar Dangote Industries Limited has signed an agreement worth more than $800 million to expand its cement plant in Itori, Ogun State. The expansion will increase the plant’s annual production capacity from six million to 12 million metric tonnes. Dangote Group President Aliko Dangote and Sinoma International Engineering Co. Ltd. Chairman Lin Zhong […]
Minister Urges Reps to Fast-Track AfCFTA Domestication Bill
By Oluwakemi Kindness The Minister of Industry, Trade and Investment, Jumoke Oduwole, has urged the House of Representatives to expedite the passage of the African Continental Free Trade Area (AfCFTA) Domestication Bill, describing it as essential to unlocking trade, investment and economic opportunities for Nigeria. Speaking on Monday at the public hearing on the bill […]
High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
NSIA Unveils $275,000 Innovation Fund for Nigerian Startups
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has launched the fourth edition of its Prize for Innovation (NPI 4.0), unveiling a $275,000 prize pool and access to up to $1.5 million in growth funding to support high-potential Nigerian startups. The initiative, themed “Building for Impact,” is designed to help innovative businesses scale through […]
SON Warns Inaccurate Measurements Threatens Trust, Economy
By Oluwakemi Kindness The Standards Organisation of Nigeria, SON, has warned that inaccurate measurements in sectors such as fuel dispensing, healthcare, food production, and manufacturing could weaken public trust and hurt Nigeria’s economic growth. Director General and Chief Executive of SON, Dr. Ifeanyi Okeke, stated this on Wednesday during the 2026 World Metrology Day celebration […]