Dangote Cement sees Q3 revenue rise 34.2% as 9-months’ in at N761.4bn
Charles Abuede
November 11, 2020
By Charles Abuede PAT = N208.68bn Dangote Cement Plc, a subsidiary of the Dangote Group and the largest cement manufacturer in Africa, has reported a 34.2 per cent year-on-year growth in its revenue to N284.59 billion for the three months ended September 2020 from N212.06 billion recorded during the same period in 2019, […]
Manufacturers caution against workplace risks
Businessam StaffMay 8, 2020
About a week after the government eased the lockdown imposed to control the spread of coronavirus with the opening of some vital industrial sectors, the Manufacturers Association of Nigeria has warned that it is too early to throw caution to the wind concerning safety at workplaces. MAN has therefore urged employers to provide necessary safety […]
SON, UK agency sign MoU to reduce rejection of Nigeria’s exports
Businessam StaffDecember 4, 2019
The British Standard Institute (BSI) and Standard Organisation of Nigeria (SON) have signed a memorandum of understanding (MoU) to reduce the rate at which Nigeria’s export rejected. The MoU was signed at a stakeholder meeting organised by the commonwealth standards network (CSN) at the Envoy Hotel in Abuja on Wednesday. The MoU, which is to […]
BUA Group consolidates cement operations in Nigeria, merges subsidiaries; $450m Sokoto plant to be ready H2 2020
Samson EchenimOctober 30, 2019
By Samson Echenim By Samson Echenim *Total capacity to hit 11 million mtpa One of Africa’s largest conglomerates, BUA Group, on Wednesday said it is executing a merger of its two cement subsidiaries comprising the publicly listed Cement Company of Northern Nigeria Plc (CCNN) with two million metric tonnes per annum (mtpa) capacity and the 6-million mtpa Obu Cement […]
NEPC, MAN partner on improved market access under AfCFTA regime
Businessam StaffJuly 3, 2019
With the ratification of the African Continental Free Trade Agreement (AfCFTA), the Nigerian Export Promotion Council and Manufacturers Association of Nigeria (MAN) have urged local producers to embrace voluntary certifications in order to increase their access to new markets that will be created under the deal. Already, the NEPC has commenced training on international certification […]
SON urges operators to leverage laboratories for product testing
Businessam StaffJuly 3, 2019
Stakeholders in the manufacturing and importing businesses have been charged by the Standards Organisation of Nigeria (SON) to leverage the agency’s accredited laboratories to be competitive, while also boosting consumer confidence in locally made products. Yeside Akinlabi, the deputy director, food laboratory services, SON, made the charge at a sensitisation workshop on SON laboratory services […]
Nigeria’s manufacturing index expands further
Businessam StaffMarch 28, 2019
The Manufacturing Purchasing Managers’ Index (PMI) sustained its upswing in March as it increased to 57.4 index points. This current position of the PMI represented an expansion in the manufacturing sector for the 24th consecutive month. The Central Bank of Nigeria (CBN) disclosed this in its PMI report for March that was posted on its […]
GE jettisoning its biomanufacturing-in-a-box business for $21.4bn
Businessam StaffFebruary 27, 2019
General Electric, which pioneered the factory-in-a-box concept for biomanufacturing, is bailing out of the business. It has agreed to sell the biologics manufacturing portion of its healthcare operations to conglomerate Danaher. The two on Monday announced the deal for life sciences conglomerate Danaher to buy the unit for $21.4 billion or $20 billion net of […]
Roche bulks up in gene therapy and hemophilia with $4.3bn Spark buyout
Chris IkosaFebruary 27, 2019
Late-to-the-game Roche has finally made a move in gene therapy, one of the biopharma industry’s most sought-after and expensive classes of medications. And it’s a move that will vault the Swiss drugmaker ahead of the pack. Roche is shelling out $4.3 billion to take in Spark Therapeutics, securing a leading spot in the hot gene […]
Manufacturing cuts seen in Sandoz autonomy within Novartis
Businessam StaffFebruary 6, 2019
Sandoz is set to become autonomous within Novartis, the drug manufacturer, but this will come at a cost expected to involve cuts to manufacturing, it has emerged. Novartis had what CEO Vas Narasimhan called a transformative year in manufacturing in 2018 as it closed or sold eight facilities and restructured eight others to be more […]