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3 days ago | 
punchng.com | Arinze Nwafor
The Manufacturers Association of Nigeria has reported a rise in the amount of unsold finished goods in 2024, stating that it rose to N2.14tn and attributed this to weakened consumer demand, surging production costs, and eroded purchasing power. MAN Director-General Segun Ajayi-Kadir, on Monday, disclosed this in the association’s latest economic review report for the second half of 2024.
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3 days ago | 
punchng.com | Arinze Nwafor
Manufacturers spent N1.11tn on alternative energy sources in 2024 due to persistent power supply challenges, a new report by the Manufacturers Association of Nigeria released on Monday, has revealed. The report, titled MAN Economic Review for the Second Half of 2024, showed that energy-related costs rose by 42.3 per cent from the N781.68bn recorded in 2023, as operators battled frequent grid collapses and surging diesel and petrol prices.
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3 days ago | 
punchng.com | Arinze Nwafor
President/Chief Executive of Dangote Group, Aliko Dangote For committing N31bn to its food programme for the second year in a row, Governor Mai Mala Buni of Yobe State has said that the Aliko Dangote Foundation’s Annual Food Intervention Programme has bolstered Nigeria’s food security. The Foundation had committed N15bn and N16bn to its Annual Food Intervention Programme in 2024 and 2025, respectively.
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4 days ago | 
punchng.com | Arinze Nwafor
The senator representing Ondo South Senatorial District and Chairman/Chief Executive Officer of Global Fleet Group, a diversified conglomerate based in Nigeria, Jimoh Ibrahim, has been named among the keynote speakers for the upcoming Cambridge Africa Business Conference. The conference, which will be held at the Cambridge Judge Business School on May 17, 2025, will feature global business leaders and technocrats.
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4 days ago | 
punchng.com | Arinze Nwafor
The Managing Director of Ajinomoto Foods Nigeria, Noriyuki Ogushi, speaks to ARINZE NWAFOR about how sellers of unbranded monosodium glutamate, taking advantage of regulatory lapses, compete unfairly with legitimate businessesThere are concerns about the distribution of unbranded monosodium glutamate. Why is this so? Let me explain some basic differences.
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6 days ago | 
punchng.com | Arinze Nwafor
The President, Nigerian-American Chamber of Commerce, Alhaji Sheriff Balogun The newly inaugurated Nigerian-American Chamber of Commerce leadership has committed to deepening the trade relationship between the United States of America and Nigeria. NACC President, Sheriff Balogun, speaking recently in Lagos, pledged to lead the chamber to facilitate trade through increased dialogue and engagement.
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6 days ago | 
punchng.com | Arinze Nwafor
British American Tobacco Nigeria Foundation The British American Tobacco Nigeria Foundation has partnered with the University of Ilorin to award N9m to six graduates under the 2025 Graduate Agripreneur Programme grant. According to a statement, the Foundation’s General Manager, Oludare Odusanya, said the grant was part of BATN Foundation’s mission to empower visionary young Nigerians who are transforming agriculture with bold ideas.
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1 week ago | 
punchng.com | Arinze Nwafor
The Nigeria Police Force has arrested suspects for allegedly counterfeiting electrical cables during coordinated raids in Lagos and Ogun states. According to a statement, a special task force acting on the directive of the Assistant Inspector-General of Police, Adegoke Fayoade, raided locations including 29 Idolowo Market, 4 Sagbemi Street on Lagos Island, Akute in Ogun State, Alaba, Oshodi, and other parts of Lagos in a clampdown on the sale of substandard cables.
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1 week ago | 
punchng.com | Arinze Nwafor
CIBN Ex-President, Prof Segun Ajibola Economic experts have warned that the Federal Government can only take full advantage of the African Continental Free Trade Area zero-tariff window by rapidly industrialising and producing more export-ready goods for African markets. Their call follows Nigeria’s recent gazetting of the Provisional Schedule of Tariff Concessions, becoming the 23rd AfCFTA state party to do so.
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1 week ago | 
punchng.com | Arinze Nwafor
L-R: President, Central Eastern European and West African Business Association, Michael Dada; President, Association of Women in Fashion Tech, Bukola Ajani; CEWABA Secretary, Esther Orenibi; Chief Executive Officer, Empress D.O.O Zenica, Mensura Susic and Senior consultant/Expert in EU-funded Project Implementations, Amelia Alispahic Stakeholders have predicted a Nigerian fashion industry boom as it gains traction among global investors and designers for its local labour capacity,...
