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Manufacturing and Productivity

Eburajolo: Prospect of the Textile Industry is Very Low

The Deputy Group Managing Director of Kewalram Chanrai Group, owners of Afprint Plc, Mr. Victor Eburajolo, spoke to Linda Eroke on the current state of textile industry ... Full story

Government Must Tailor Policies to Reposition Manufacturing

Chairman of DN Meyer Plc, Remi Omotosho tells Crusoe Osagie that unless consistent government policies that promote manufacturing are implemented, the nation will ... Full story

SON Moves to Restore Buyers’ Confidence in Computer Village

In pursuit of its campaign on zero tolerance for substandard products in Nigeria, the Standards Organisation of Nigeria (SON) has berthed in the popular Computer Village in ... Full story

Shell, Manufacturers to Inject N9.6bn into Nigerian Content

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company (SPDC) recently signed an agreement with five Original ... Full story

Imo Nsu Ceramics tiles factory comes alive

The multi-billion naira Nsu Ceramics Tiles Factory in Imo State now undergoing remodelling and reconstruction under a public private participation (PPP) ... Full story

Blackout: Jonathan Fires 3 PHCN Chiefs

President Goodluck Jonathan Monday ordered the immediate retirement of three key functionaries in the Power Holding Company of Nigeria (PHCN) and its successor companies over the deteriorating state of power supply in the country. ... Full story

CFAO explains presence of full range at Abuja Motor fair

AS part of strategies to give customers the freedom of choice, CFAO Automobile Group resolved to storm the just concluded 2011 Abuja Motor Fair with its full range. ... Full story

Vono to discontinue production of foam blocks

Ernst & Young, the independent auditors to the members of Vono Products plc in their recent report have said that the company (Vono Products plc) had recorded a negative ... Full story

Neimeth sights new openings, shops for fresh funds

Neimeth International Pharmaceuticals Plc has said that the injection of N1.23 billion from its ongoing rights issue would boost its business and deliver higher returns to shareholders. Neimeth is currently making a Rights Issue of 821.577 million shares of 50 kobo each, at N1.50 per share, to raise N1.23 billion from its existing shareholders. The offer , which has Meristem Securities Limited, as issuing house, opened on October 4 and would close on November 10, 2011. Neimeth said in a statement last Friday that the injection of the fresh funds would translate into greater harvest for all shareholders. “One unique value of the proposition is that existing shareholders will maintain their current percentage holding in the company, thereby reducing the element of dilution of shares. The current very attractive dividend yield at 4.76 per cent has further buttressed Neimeth’s position of maximising shareholders wealth,” the company said. According to the company, the pharmaceutical sector is undergoing quality evolution with many key players raising the stake, building, expanding or refurbishing plants with a view to achieving the World Health Organisation (WHO) Good Manufacturing Practice (GMP) prequalification. ... Full story

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Egwa Long

Another consumate follower of events in Nigeria.