Ogun State Governor, Gbenga Daniel, has commissioned four industries built at the cost of N15 billion by a diversified Indian company, Parco Group with manufacturing and trading activities in chemicals, steel and glass.
The minister of state for FCT, Chief Chuka Odom, continued his tour of FCT area councils to assess infrastructural development carried out in the last nine months.
Vice President, Dr. Goodluck Jonathan has said Federal Government has no other choice than to encourage and "re-stimulate the manufacturing and transport industry in order to promote economic growth.
Federal Government yesterday sought for Venezuela's investment in Nigerian's refineries as part of efforts to achieve successful deregulation in the downstream petroleum subsector.
Vice President Goodluck Jonathan, has said the Federal Government is aware of the key challenges facing the manufacturing sector and is adopting effective measures to enable it regain grounds on a massive scale.
A new programme to help curb disparities in drug shop operations, especially in rural areas has been launched. The ministry of Health and the National Drug Authority last week launched the ADS (Accredited Drug Shop) logo, which will be used to help clients access the right medication.
Vice President Goodluck Jonathan is expected to commission the production lines of the new Peugeot 307 Sedan at the premises of Peugeot Automobile Nigeria Limited, Kakuri, Kaduna next Monday, Mr Toyin Akigbogun, PAN's head of corporate communications has said.
The First Lady of Kano State, Hajia Zainab Shekarau has endorsed Maggi Mixp'y, the new food seasoning recently introduced by Nestle Nigeria Plc into the seasoning market.
The recently concluded Lagos International Trade Fare provided a veritable platform for Dangote Group to introduce to the general public its recently launched range of noodles.
LOCAL carpets and rugs manufacturers, under the umbrella of the Manufacturers Association of Nigeria (MAN), has implored the Federal Government, saying "do not allow the carpet industry to die."
Gaslink Nigeria, a subsidiary of Oando Petrolum, has denied reports that over 150 manufacturing companies stopped production due to suspension of gas to their factories.
Minister of State for Commerce and Industry, Mr. Humphrey Abah has urged local manufacturers to produce quality goods that can compete effectively in the international market, despite the challenges posed by infrastructural inadequacies, which make competition more challenging.
Federal government has said it would achieve 100 percent local production of cement by the year 2013.
The country's biggest tyre manufacturer, Dunlop Tyres, has shelved a toll manufacturing agreement with South African companies that saved it from collapse in 2006 when its operations were deflated by the country's rapid economic decline. A toll manufacturing arrangement is one under which foreign firms provide raw materials and finances so that local companies manufacture products on their behalf.
THE world's biggest jewellery manufacturer Financière Richemont on Friday said it remained cautious about the sustainability of the improving economic outlook as last month's sales decreased 10% across all regions.
