7 d. ago Nigeria, UK Partners To Pioneer Local Electric Vehicle Production

In a significant move toward revolutionising Nigeria’s automotive industry, Electric Motor Vehicles Company (EMVC), in partnership with UK-based Jupiter Lithium Limited, has signed a landmark five-year Memorandum of Understanding (MoU) to establish Nigeria’s leading indigenous electric vehicle manufacturing company. This strategic collaboration aims to combine global expertise with Nigerian innovation to unlock the country’s vast […]

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1 week ago Nigeria’s Dangote refinery buying more and more US crude oil

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to read more Nigeria’s Dangote refinery buying more and more US crude oil

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1 week ago Experts, manufacturers push for overhaul in raw materials, industrial standards

By Merit Ibe                                               ibe.merit@yahoo.com    Industry leaders and manufacturing experts have urged policymakers to prioritise reforms in local raw material sourcing and enforcement of industrial standards, describing them as critical pillars for […] The post Experts, manufacturers push for overhaul in raw materials, industrial standards appeared first on The Sun Nigeria.

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2 w. ago Raw materials are dead: The future is branded, processed, and premium

The era of raw material exports is over. Nigeria must wake up to this reality. For decades, the nation has read more Raw materials are dead: The future is branded, processed, and premium

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2 w. ago Manufacturing: Litany of woes continue, as MAN says over 18,000 jobs lost in 2024

Tribune Online Manufacturing: Litany of woes continue, as MAN says over 18,000 jobs lost in 2024 •767 manufacturing companies shut down as at 2023,   •Costs of imported raw materials surged by 118%  •Costs on alternative energy hit N1.11trn in 2024 The challenges facing the nation’s manufacturing sector  seem  to be gradually taking their tolls on the economy. For instance, in Year 2024 alone,  over 18,000 jobs were said to have […] Manufacturing: Litany of woes continue, as MAN says over 18,000 jobs lost in 2024 Tribune Online

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2 w. ago Tackling impact of oil price drop on FX inflows with financial policies

Tribune Online Tackling impact of oil price drop on FX inflows with financial policies Businesses are expected to adopt export-oriented strategies by targeting sectors with strong export potential, and focusing on value addition by shifting from exporting raw materials to processed goods, thereby boosting foreign exchange (FX) earnings.  Doing this will ameliorate the adverse impact of oil price decline on foreign exchange (FX) inflows into government coffers, in addition […] Tackling impact of oil price drop on FX inflows with financial policies Tribune Online

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3 w. ago RMRDC DG lauds Tinubu for revitalising raw materials subsector

Tribune Online RMRDC DG lauds Tinubu for revitalising raw materials subsector The Director-General of the Raw Materials Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Muonso, has commended President Bola Ahmed Tinubu for his commitment to revitalizing the raw materials subsector of Nigeria's economy. RMRDC DG lauds Tinubu for revitalising raw materials subsector Tribune Online

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3 w. ago Nigeria natural leader in African raw materials sector, says Ike

From Charity Nwakaudu, Abuja Director General, Raw Materials Research and Development Council (RMRDC) Professor Nnanyelugo Ike-Munonso said Nigeria is naturally the leader in the African raw materials sector. Ike-Munonso stated this in Abuja at the closing ceremony of the African raw materials summit. He added that stallholders in the summit have agreed to approach the […] The post Nigeria natural leader in African raw materials sector, says Ike-Munonso appeared first on The Sun Nigeria.

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3 w. ago What we are operating now is not legitimate — Dr Akin Fapounda

Tribune Online What we are operating now is not legitimate — Dr Akin Fapounda Dr. Akin Fapohunda, who worked in the Federal Ministry of Agriculture; Raw Materials Research & Development Council, was the Director, Planning, Research, and Data Bank at the then National Agricultural Land Development Authority and later, served in a similar capacity in Space Science Office, Presidency from where he retired in December 2000. He spoke to […] What we are operating now is not legitimate — Dr Akin Fapounda Tribune Online

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3 w. ago Senate mandates 30% minimum value addition in raw materials processing

…moves to pass value-addition bill this week The Nigerian Senate is set to pass the 30% Minimum Value-Addition Bill this read more Senate mandates 30% minimum value addition in raw materials processing

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3 w. ago Akpabio calls for dismantling of colonial economic model hampering Nigeria’s growth

Tribune Online Akpabio calls for dismantling of colonial economic model hampering Nigeria’s growth The Senate President, Godswill Akpabio, has called on the government of Nigeria and indeed African continent to dismantle what he described as the colonial economic model that encourages export of raw materials and import of finished products, saying this is hampering the nation's economic growth and development. Akpabio calls for dismantling of colonial economic model hampering Nigeria’s growth Tribune Online

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