Industry

Why Nigerians Still Hesitate to Pay Online and What Jumia Nigeria Is Doing Differently

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group to Power Its Ethiopian Fertilizer Megaproject

Economic Sabotage: Police Burst Factories in Anambra for Destroying Returnable Packaging Materials

BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026

Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu CFR CON, has called for a decisive shift in Africa’s development strategy, urging governments, financiers, and the private sector to move

Dangote Cement Vows to Make Africa Self‑Sufficient in Cement Production

Dangote Cement Plc has reaffirmed its commitment to making Africa fully self‑sufficient in cement production, strengthening the continent’s industrial backbone and reducing reliance on imported constr

MAN Urges Caution Over NAFDAC’s Ban on Sachet Alcohol, Cites Govt Directive - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has observed, in recent times, the activities of the National Agency for Food and Drug Administration and Control (NAFDAC) regarding the disruption of the businesses of our members in the Wines and Spirits sector. This is inimical to the profitable operation of the companies concerned and will certainly hurt

Dangote Cement Welcomes over 100 New Engineers After Completion of Graduate Trainee Program - FinancialEDGE

Dangote Cement Plc has inducted almost 200 newly trained engineers and other professionals into its workforce following the successful completion of its Graduate Trainee Programme, reaffirming the company’s commitment to job creation, skills development, and local capacity building in Nigeria. The trainees, drawn from various engineering, finance, IT and other disciplines, were formally inducted over

Dangote Outlines New Strategy to Drive Africa’s Economic Expansion and Industrial Development - FinancialEDGE

Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency, and empowering the continent’s next generation. President of the Group, Aliko Dangote, reaffirmed that the company’s long‑term direction is focused on building Africa’s capacity to feed itself, power its economy, and develop its people sustainably. Revealing

Manufacturers Urge CBN to Cut Borrowing Costs After MPC Keeps MPR at 27% - FinancialEDGE

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 303rd meeting on November 24‑25, 2025 by leaving the benchmark interest rate unchanged at 27 percent and widening the standing‑facilities corridor to +50/‑450 basis points around the MPR. The committee also retained the cash‑reserve ratio (CRR) at 45 percent for commercial banks and 16 percent

Dangote Group Reaffirms Commitment to Zambia’s Economic Growth - FinancialEDGE

President and Chief Executive of the Dangote Group, Aliko Dangote and his team, paid a courtesy call on His Excellency Mr. Hakainde Hichilema, President of the Republic of Zambia. The visit underscores the Dangote Group’s continued commitment to supporting Zambia’s national development agenda. Since its establishment in Zambia, the Dangote Group has demonstrated strong confidence

Man Calls for Rescission of NAFDAC’s Ban on Sachet Alcoholic Beverages, Says It Contradicts Joint Progressive Agreements Reached by Stakeholders. - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed concerns over the recent directive issued by the National Agency for Food and Drug Administration and Control (NAFDAC) to outrightly ban the production and sale of alcoholic beverages packaged in sachets and small PET bottles by 31st December 2025. This directive followed a resolution reported to have

Dangote Fertiliser Limited Partners with German’s thyssenkrupp Uhde to License Four Urea Granulation Units in Nigeria - FinancialEDGE

thyssenkrupp Uhde Fertilizer Technology (UFT), a subsidiary of thyssenkrupp Uhde, has entered into a strategic agreement with Dangote Fertiliser Limited (DFL) to license its advanced UFT Fluid Bed Granulation Technology for four new urea granulation units in Nigeria. The agreement includes the provision of the technology license, a comprehensive Process Design Package (PDP), and the

Dangote Cement Promotes Sustainable Shift in Africa’s Distribution Value Chain … invests in low-carbon logistics and digital transformation - FinancialEDGE

Dangote Cement Plc has once again demonstrated its lead in driving sustainable transformation across Sub-Saharan Africa’s cement value chain, with its Group Managing Director, Mr Arvind Pathak, reaffirming the company’s commitment to innovation and responsible growth at the 14th Africa CemTrade Summit in Accra, Ghana. Speaking on the theme “Sustainable Innovation in the Sub-Saharan

Apply Perfumes Correctly To Ensure Best Scent Experience – Says Sirtified Perfume CEO, Adetayo Olowookere - FinancialEDGE

The Managing Director of Sirtified Perfume and More, Femi Adetayo Olowookere has got his audience awestruck at the venue of a talk show organized for lovers of perfumes and merchants at a popular hotel in Victoria Island, Lagos on Tuesday, October 28, 2025. Adetayo who used the opportunity to share his over twenty years experience

Aliko Dangote Foundation (ADF), Launches National Initiative to Promote Fermented Foods for Nutrition and Food Security - FinancialEDGE

The Aliko Dangote Foundation (ADF), in partnership with Sight and Life Foundation (SAL), has launched a nationwide initiative titled “Promotion of Production & Consumption of Fermented Foods for Food & Nutrition Security in Nigeria.” The program, unveiled at a workshop in Lagos, aims to combat malnutrition and improve food security by promoting the production and consumption

Dangote Retains Nigeria’s Most Valuable Brand Title for Eighth Consecutive Year - FinancialEDGE

Dangote Industries Limited has once again reaffirmed its dominance as Nigeria’s Most Valuable Brand, emerging at the top of the Top 50 Brands Nigeria 2025 ranking for the eighth consecutive year. The latest report, now in its 13th edition, highlights the most admired and resilient brands powering Nigeria’s economy. Dangote achieved a Brand Strength Measurement

Dangote, Ethiopia PM Break Ground on $2.5bn Fertiliser Plant … Dangote Reaffirms Commitment to Africa’s Industrialisation - FinancialEDGE

A new chapter in Africa’s industrial story opened on Thursday as Aliko Dangote, President/Chief Executive, Dangote Group, led the groundbreaking of a $2.5 billion fertiliser plant in Gode, Ethiopia. The project, a partnership between Dangote Group and Ethiopian Investment Holdings (EIH), with a production capacity of three million metric tonnes of urea annually, is expected

Manufacturers Association of Nigeria Warns Against Tax Stamp System for Excisable Goods - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed concerns over the potential introduction of a Tax Stamp System for excisable goods in the country. According to MAN, this system would impose heavy compliance costs, create operational bottlenecks, and yield limited incremental revenue. MAN believes the Tax Stamp System would contradict the gains of the Nigeria

Our CNG drivers have life Insurance, housing loans, and earn three times the minimum wage -Dangote refinery - FinancialEDGE

Aliko Dangote, President of the Dangote Group, on Monday revealedthat his resolve to take thousands of Nigerians off the unemployment market remains intact, noting that his companies will continue to employ Nigerians and contribute to further reducing the country's unemployment rate. Speaking to the media in his Refinery complex on Monday, Dangote said his company

MAN Applauds FG’s Suspension of 4% FOB Charge, Sees Relief for Nigerian Manufacturers - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government, and the Minister of Finance & Coordinating Minister for the Economy over the recent suspension of the reintroduced 4% Free-on-Board charge on imports, which came into effect on August 4, 2025. According to Director General of the Association, Segun Ajayi-Kadir mni, "this move comes

Grenada, St. Kitts PMs, Nigeria’s Finance, Trade Ministers, Gov, Others Laud Dangote Industries at 2025 IATF - FinancialEDGE

Prominent leaders including the Prime Minister of Grenada, Dickon Mitchell; the Prime Minister of Saint Kitts and Nevis, Dr Terrance Drew; Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; and the Governor of Zamfara State, Dauda Lawal, were among the personalities who

Manufacturers Cry Foul Over 4% FOB Charge: ‘Not Industry-Friendly, Not Development-Oriented - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has strongly objected to the Nigeria Customs Service's reintroduction of a 4% Free-on-Board (FOB) charge on imports, effective August 4, 2025. MAN's Director-General, Segun Ajayi-Kadir, described the move as "not industry-friendly and certainly not development-oriented". According to Ajayi-Kadir, the charge will lead to a significant increase in the cost

Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia …Will maintain 60% ownership - FinancialEDGE

Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders' agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will hold a 40% equity stake while Dangote Group will maintain

Maintain Rate Cut to Boost Manufacturing Sector” – Manufacturers Association of Nigeria’s Plea to CBN. - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed disappointment over the Monetary Policy Committee's (MPC) decision to maintain the current interest rate, citing the need for a rate cut to boost the manufacturing sector. The MPC, in its 301st meeting, maintained the Monetary Policy Rate (MPR) at 27.50 percent, citing persistent uncertainty in the policy

Dangote says Tinubu’s Policies are reviving the Private Sector - FinancialEDGE

President/Chief Executive of the Dangote Group, Aliko Dangote, has hailed President Bola Ahmed Tinubu as a listening president whose policies are restoring private investors' confidence in Nigeria’s economy. Dangote made the remarks over the weekend during a visit by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, to the $20 billion Dangote Petroleum

For Growth and Development: Dangote urges wealthy Nigerians to invest in Nigeria - FinancialEDGE

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has urged wealthy Nigerians to invest in Nigeria, as it is the only way to build the nation. He said there is no two ways about it: real growth and development cannot happen in a nation without significant investments. He criticised the tendency of African

Upskill Universe Partners with HP and Google to Equip 10,000 African SMEs with Business Skills - FinancialEDGE

UpSkill Universe has announced the launch of the Skills for Business programme, a new initiative to help 10,000 small and medium-sized enterprises (SMEs) in Nigeria and South Africa build critical digital and business skills for economic and business growth. Delivered in collaboration with Google, HP Inc and UpSkill Universe, the programme is designed to equip

Ogun State’s Plastic Waste Management Approach Wins Praise from Manufacturers Association - FinancialEDGE

The Manufacturers Association of Nigeria (MAN), the advocacy voice of manufacturers in Nigeria has commended the Ogun State Government on its proactive and sustainable approach to managing plastic waste, especially single use plastics in the state. This was contained in a press statement issued by the Association and signed by its Director General, Segun Ajayi-Kadir,

Nigeria will save N1.7 trillion from Dangote’s N720 billion investment on 4,000 CNG trucks - FinancialEDGE

Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs.

Aliko Dangote foundation donates 10,000 bags of rice to Enugu state

The Aliko Dangote Foundation as part of its National Food Intervention Programme has donated 10,000 bags of 10kg of rice to the economically vulnerable in Enugu State. The State Government took delive

My company paid N450bn in taxes in 2024 – Dangote tells Pres. Tinubu

President of the Dangote Group, Aliko Dangote, recently informed President Bola Tinubu that his group of companies paid a whopping N450 billion in taxes to the Federal Government’s coffers in 20

Dangote Names Road to Mega Petroleum Refinery after President Tinubu - FinancialEDGE

Chairman of the Dangote Group, Aliko Dangote, has announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named Bola Ahmed Tinubu Road, in honour of President Bola Ahmed Tinubu. Dangote hailed Tinubu for his unwavering support of the private sector and credited him as the visionary behind the Free

MAN Frowns at the Untoward Practices of Commercial Banks Regarding Unmet Forex Forward Obligations, Calls for Caution - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed deep concerns regarding the unwholesome treatment of its members by some commercial banks in Nigeria regarding unmet foreign exchange (Forex) forward obligations.As a vital sector of the economy, manufacturers rely heavily on access to Forex for the importation of essential raw materials, machinery, and equipment that are

Polypropylene: Dangote partners Vinmar for global distribution …Targets $1.2 billion turnover annually - FinancialEDGE

Dangote Petroleum Refinery and Petrochemicals FZE has announced an exclusive partnership with Premier Product Marketing LLC, a Vinmar company, to bring Dangote Polypropylene™ to global markets outside Nigeria and Africa. This strategic agreement coincides with the launch of polypropylene production at Dangote's world-class refinery and petrochemical complex in Lekki, Nigeria. The state-of-the-art plant utilises INEOS's

MAN Pushes for Immediate Interest Rate Reduction to Save Industrial Sector* - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) is deeply concerned and worried about the continued decision of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate (MPR) at 27.5 percent since November 2024, despite a global wave of interest rate reductions aimed at revitalizing economic productivity and combating stagflation. According to a statement

Time Magazine names Aliko Dangote among the Top 100 Philanthropists in the World …Says ADF spends over N50bn yearly on ‘Giving Back to Africa’ - FinancialEDGE

Aliko Dangote, chairman of the Aliko Dangote Foundation and President/Chief Executive of Dangote Industries Limited, has been named in the inaugural 2025 TIME100 Philanthropy list. This list recognises the 100 most influential leaders shaping the future of philanthropy worldwide. Dangote is the only Nigerian on this distinguished list. The prestigious list, published by TIME Magazine on

Toward an Ambitious New Deal Between Public Governance and Private Investment - FinancialEDGE

Afrique Media Group and the IFC brought together over 2,800 economic and political leaders from 90 countries. This 12th edition marks a strategic turning point in consolidating an ambitious public-private partnership for the continent. • This year’s edition stood out through concrete commitments: four major deals were signed in the fields of AI, connectivity, energy,

MAN Commends FG’s “Nigeria First” Policy Directive, Calls for Joint Efforts to Ensure Effective and Sustainable Implementation - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria on its "NigeriaFirst" policy directive aimed at prioritizing patronage of made-in-Nigeria goods and services, and development of local content, which borders on appropriate technical knowledge transfer to Nigerian professionals. According to the Director General of the Association, Mr. Segun Ajayi-Kadir mni this

Dangote Packaging increases Output, Eyes African Export Boom - FinancialEDGE

Dangote Packaging Limited (DPL) has announced plans to expand into the African export market, following a production capacity boost facilitated by new machinery being commissioned in the two manufacturing plants. Chairman of DPL’s Board of Directors, Mr Robert Ade-Odiachi, disclosed the development during a strategic board meeting held on Tuesday. The company, he said, is

MAN Raises Alarm Over Planned Re-Introduction of 4% Free on Board Levy - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the Nigeria Customs Service's plan to re-introduce the 4% Free-on-Board Levy, citing its potential catastrophic impact on the manufacturing sector, business community, and the general public. According to MAN's Director General, Segun Ajayi-Kadir, the Federal Government has been urged to direct the Nigeria Customs

Nigerian Manufacturing Sector Shows Resilience Amidst Challenges – MAN Report - FinancialEDGE

News Story The Nigerian manufacturing sector showed resilience in 2024 despite facing significant challenges, including high inflation, forex volatility, and declining consumer demand. According to the Manufacturers Association of Nigeria (MAN) Economic Review, capacity utilization improved marginally to 57.0 percent, while real manufacturing output increased by 1.7 percent year-on-year to N7.78 trillion. However, the sector

US Tariff Hike Threatens Nigeria’s Manufacturing Sector – MAN - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the recent announcement of a 14% tariff on Nigerian products entering the United States. According to MAN Director General, Segun Ajayi-Kadir, "The asymmetry of the trade action undermines the spirit of international cooperation and disregards the developmental needs of emerging economies." The tariff hike

Oyo Int’l Trade Fair To Boost Economic Growth – Commissioner - FinancialEDGE

The Oyo State government has revealed that the 2025 International Trade Fair will boost economic growth, as well as the diversity and richness of the State's agricultural potentials. According to the Commissioner for Investment, Trade, Cooperatives and Industry, Hon. Adeniyi Adebisi, the trade fair, tagged EXPOYO 2025, will take place at the Permanent Trade fair

Dangote donates 80,000 bags of rice to Lagos residents - FinancialEDGE

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, who was represented by an Executive Director, in the Group, Hajiya, Marya Dangote noted that the gesture is part of the over

MAN Raises Concerns Over FRCN’s Annual Fees Hike, Says Private Sector Demands Reconsideration - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed grave concerns over the implementation of certain provisions of the Financial Reporting Council of Nigeria (Amendment) act, particularly those relating to charges on non-listed entities, like most members of MAN. Director General of MAN, Segun Ajayi-Kadir, said that these provisions, as currently implemented, pose significant challenges to

Dangote Group Remits N402.3 Billion in Taxes to Nigerian Government for 2024 - FinancialEDGE

The Pan African Conglomerate Dangote Industries Limited, (Dangote Group), and its subsidiaries has disclosed that it paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, declared during a meeting with some senior media executives who visited him in his Lagos

AGII.NG Sets to Revolutionized E-Commerce and Service Delivery in Nigeria - FinancialEDGE

Agii.ng, Nigeria's premier e-commerce and technology platform with three strategic product directions, Product Sales, Services and Ride, is set to transform how individuals and businesses connect with trusted service providers and vendors nationwide. The platform is designed for efficiency, convenience, and trust, agii.ng simplifies access to skilled artisans, reliable professionals, and reputable manufacturers, all at

MAN Backs Proposed Reform of Free-Trade Zone Operations in Nigeria - FinancialEDGE

The director general of Manufacturers Association Of Nigeria (MAN) Segun Ajayi-Kadir, has expressed support for the proposed reform of free-trade zone operations in Nigeria. The reform aims to clarify tax incentives and ensure equitable treatment for companies operating within and outside the zones. Currently, companies operating within the zones are exempt from federal, state, and

Manufacturing Costs Surge 18.2% in Q4 – MAN - FinancialEDGE

Production and distribution costs in the manufacturing sector surged by 18.2 per cent in the fourth quarter of last year, highlighting the macroeconomic environment’s worsening impact on manufacturers. Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, disclosed this on Monday in the fourth quarter of 2024 Manufacturers CEO Confidence Index report, which painted a

MAN Condemns 4% Customs Levy, Urges Government to Halt Implementation - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed strong opposition to the introduction of a 4% Free-on-Board Levy by the Nigeria Customs Service (NCS), citing its potential to exacerbate the already high cost of doing business in Nigeria. In a statement, MAN Director General Segun Ajayi-Kadir emphasized that the levy's implementation would have far-reaching consequences,