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Dangote Cement Welcomes over 100 New Engineers After Completion of Graduate Trainee Program - FinancialEDGE
industryJan 26, 2026

Dangote Cement Welcomes over 100 New Engineers After Completion of Graduate Trainee Program - FinancialEDGE

Dangote Cement Plc has inducted almost 200 newly trained engineers and other professionals into its workforce following the successful completion of its Graduate Trainee Programme, reaffirming the company’s commitment to job creation, skills development, and local capacity building in Nigeria. The trainees, drawn from various engineering, finance, IT and other disciplines, were formally inducted over

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Dangote Outlines New Strategy to Drive Africa’s Economic Expansion and Industrial Development - FinancialEDGE
industryJan 20, 2026

Dangote Outlines New Strategy to Drive Africa’s Economic Expansion and Industrial Development - FinancialEDGE

Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency, and empowering the continent’s next generation. President of the Group, Aliko Dangote, reaffirmed that the company’s long‑term direction is focused on building Africa’s capacity to feed itself, power its economy, and develop its people sustainably. Revealing

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Manufacturers Urge CBN to Cut Borrowing Costs After MPC Keeps MPR at 27% - FinancialEDGE
industryNov 27, 2025

Manufacturers Urge CBN to Cut Borrowing Costs After MPC Keeps MPR at 27% - FinancialEDGE

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 303rd meeting on November 24‑25, 2025 by leaving the benchmark interest rate unchanged at 27 percent and widening the standing‑facilities corridor to +50/‑450 basis points around the MPR. The committee also retained the cash‑reserve ratio (CRR) at 45 percent for commercial banks and 16 percent

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Man Calls for Rescission of NAFDAC’s Ban on Sachet Alcoholic Beverages, Says It Contradicts Joint Progressive Agreements Reached by Stakeholders. - FinancialEDGE
industryNov 13, 2025

Man Calls for Rescission of NAFDAC’s Ban on Sachet Alcoholic Beverages, Says It Contradicts Joint Progressive Agreements Reached by Stakeholders. - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed concerns over the recent directive issued by the National Agency for Food and Drug Administration and Control (NAFDAC) to outrightly ban the production and sale of alcoholic beverages packaged in sachets and small PET bottles by 31st December 2025. This directive followed a resolution reported to have

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Dangote Fertiliser Limited Partners with German’s thyssenkrupp Uhde to License Four Urea Granulation Units in Nigeria - FinancialEDGE
industryNov 11, 2025

Dangote Fertiliser Limited Partners with German’s thyssenkrupp Uhde to License Four Urea Granulation Units in Nigeria - FinancialEDGE

thyssenkrupp Uhde Fertilizer Technology (UFT), a subsidiary of thyssenkrupp Uhde, has entered into a strategic agreement with Dangote Fertiliser Limited (DFL) to license its advanced UFT Fluid Bed Granulation Technology for four new urea granulation units in Nigeria. The agreement includes the provision of the technology license, a comprehensive Process Design Package (PDP), and the

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Dangote Cement Promotes Sustainable Shift in Africa’s Distribution Value Chain … invests in low-carbon logistics and digital transformation - FinancialEDGE
industryNov 5, 2025

Dangote Cement Promotes Sustainable Shift in Africa’s Distribution Value Chain … invests in low-carbon logistics and digital transformation - FinancialEDGE

Dangote Cement Plc has once again demonstrated its lead in driving sustainable transformation across Sub-Saharan Africa’s cement value chain, with its Group Managing Director, Mr Arvind Pathak, reaffirming the company’s commitment to innovation and responsible growth at the 14th Africa CemTrade Summit in Accra, Ghana. Speaking on the theme “Sustainable Innovation in the Sub-Saharan

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Aliko Dangote Foundation (ADF), Launches National Initiative to Promote Fermented Foods for Nutrition and Food Security - FinancialEDGE
industryOct 27, 2025

Aliko Dangote Foundation (ADF), Launches National Initiative to Promote Fermented Foods for Nutrition and Food Security - FinancialEDGE

The Aliko Dangote Foundation (ADF), in partnership with Sight and Life Foundation (SAL), has launched a nationwide initiative titled “Promotion of Production & Consumption of Fermented Foods for Food & Nutrition Security in Nigeria.” The program, unveiled at a workshop in Lagos, aims to combat malnutrition and improve food security by promoting the production and consumption

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Dangote, Ethiopia PM Break Ground on $2.5bn Fertiliser Plant … Dangote Reaffirms Commitment to Africa’s Industrialisation - FinancialEDGE
industryOct 5, 2025

Dangote, Ethiopia PM Break Ground on $2.5bn Fertiliser Plant … Dangote Reaffirms Commitment to Africa’s Industrialisation - FinancialEDGE

A new chapter in Africa’s industrial story opened on Thursday as Aliko Dangote, President/Chief Executive, Dangote Group, led the groundbreaking of a $2.5 billion fertiliser plant in Gode, Ethiopia. The project, a partnership between Dangote Group and Ethiopian Investment Holdings (EIH), with a production capacity of three million metric tonnes of urea annually, is expected

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Manufacturers Association of Nigeria Warns Against Tax Stamp System for Excisable Goods - FinancialEDGE
industrySep 24, 2025

Manufacturers Association of Nigeria Warns Against Tax Stamp System for Excisable Goods - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed concerns over the potential introduction of a Tax Stamp System for excisable goods in the country. According to MAN, this system would impose heavy compliance costs, create operational bottlenecks, and yield limited incremental revenue. MAN believes the Tax Stamp System would contradict the gains of the Nigeria

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Our CNG drivers have life Insurance, housing loans, and earn three times the minimum wage -Dangote refinery - FinancialEDGE
industrySep 16, 2025

Our CNG drivers have life Insurance, housing loans, and earn three times the minimum wage -Dangote refinery - FinancialEDGE

Aliko Dangote, President of the Dangote Group, on Monday revealedthat his resolve to take thousands of Nigerians off the unemployment market remains intact, noting that his companies will continue to employ Nigerians and contribute to further reducing the country's unemployment rate. Speaking to the media in his Refinery complex on Monday, Dangote said his company

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MAN Applauds FG’s Suspension of 4% FOB Charge, Sees Relief for Nigerian Manufacturers - FinancialEDGE
industrySep 16, 2025

MAN Applauds FG’s Suspension of 4% FOB Charge, Sees Relief for Nigerian Manufacturers - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government, and the Minister of Finance & Coordinating Minister for the Economy over the recent suspension of the reintroduced 4% Free-on-Board charge on imports, which came into effect on August 4, 2025. According to Director General of the Association, Segun Ajayi-Kadir mni, "this move comes

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Grenada, St. Kitts PMs, Nigeria’s Finance, Trade Ministers, Gov, Others Laud Dangote Industries at 2025 IATF - FinancialEDGE
industrySep 6, 2025

Grenada, St. Kitts PMs, Nigeria’s Finance, Trade Ministers, Gov, Others Laud Dangote Industries at 2025 IATF - FinancialEDGE

Prominent leaders including the Prime Minister of Grenada, Dickon Mitchell; the Prime Minister of Saint Kitts and Nevis, Dr Terrance Drew; Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; and the Governor of Zamfara State, Dauda Lawal, were among the personalities who

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Manufacturers Cry Foul Over 4% FOB Charge: ‘Not Industry-Friendly, Not Development-Oriented - FinancialEDGE
industryAug 30, 2025

Manufacturers Cry Foul Over 4% FOB Charge: ‘Not Industry-Friendly, Not Development-Oriented - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has strongly objected to the Nigeria Customs Service's reintroduction of a 4% Free-on-Board (FOB) charge on imports, effective August 4, 2025. MAN's Director-General, Segun Ajayi-Kadir, described the move as "not industry-friendly and certainly not development-oriented". According to Ajayi-Kadir, the charge will lead to a significant increase in the cost

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Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia …Will maintain 60% ownership - FinancialEDGE
industryAug 28, 2025

Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia …Will maintain 60% ownership - FinancialEDGE

Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders' agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will hold a 40% equity stake while Dangote Group will maintain

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Maintain Rate Cut to Boost Manufacturing Sector” – Manufacturers Association of Nigeria’s Plea to CBN. - FinancialEDGE
industryJul 27, 2025

Maintain Rate Cut to Boost Manufacturing Sector” – Manufacturers Association of Nigeria’s Plea to CBN. - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed disappointment over the Monetary Policy Committee's (MPC) decision to maintain the current interest rate, citing the need for a rate cut to boost the manufacturing sector. The MPC, in its 301st meeting, maintained the Monetary Policy Rate (MPR) at 27.50 percent, citing persistent uncertainty in the policy

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Upskill Universe Partners with HP and Google to Equip 10,000 African SMEs with Business Skills - FinancialEDGE
industryJul 9, 2025

Upskill Universe Partners with HP and Google to Equip 10,000 African SMEs with Business Skills - FinancialEDGE

UpSkill Universe has announced the launch of the Skills for Business programme, a new initiative to help 10,000 small and medium-sized enterprises (SMEs) in Nigeria and South Africa build critical digital and business skills for economic and business growth. Delivered in collaboration with Google, HP Inc and UpSkill Universe, the programme is designed to equip

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Ogun State’s Plastic Waste Management Approach Wins Praise from Manufacturers Association - FinancialEDGE
industryJul 6, 2025

Ogun State’s Plastic Waste Management Approach Wins Praise from Manufacturers Association - FinancialEDGE

The Manufacturers Association of Nigeria (MAN), the advocacy voice of manufacturers in Nigeria has commended the Ogun State Government on its proactive and sustainable approach to managing plastic waste, especially single use plastics in the state. This was contained in a press statement issued by the Association and signed by its Director General, Segun Ajayi-Kadir,

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Nigeria will save N1.7 trillion from Dangote’s N720 billion investment on 4,000 CNG trucks - FinancialEDGE
industryJun 30, 2025

Nigeria will save N1.7 trillion from Dangote’s N720 billion investment on 4,000 CNG trucks - FinancialEDGE

Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs.

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MAN Frowns at the Untoward Practices of Commercial Banks Regarding Unmet Forex Forward Obligations, Calls for Caution - FinancialEDGE
industryMay 23, 2025

MAN Frowns at the Untoward Practices of Commercial Banks Regarding Unmet Forex Forward Obligations, Calls for Caution - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed deep concerns regarding the unwholesome treatment of its members by some commercial banks in Nigeria regarding unmet foreign exchange (Forex) forward obligations.As a vital sector of the economy, manufacturers rely heavily on access to Forex for the importation of essential raw materials, machinery, and equipment that are

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Polypropylene: Dangote partners Vinmar for global distribution …Targets $1.2 billion turnover annually - FinancialEDGE
industryMay 21, 2025

Polypropylene: Dangote partners Vinmar for global distribution …Targets $1.2 billion turnover annually - FinancialEDGE

Dangote Petroleum Refinery and Petrochemicals FZE has announced an exclusive partnership with Premier Product Marketing LLC, a Vinmar company, to bring Dangote Polypropylene™ to global markets outside Nigeria and Africa. This strategic agreement coincides with the launch of polypropylene production at Dangote's world-class refinery and petrochemical complex in Lekki, Nigeria. The state-of-the-art plant utilises INEOS's

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Time Magazine names Aliko Dangote among the Top 100 Philanthropists in the World …Says ADF spends over N50bn yearly on ‘Giving Back to Africa’ - FinancialEDGE
industryMay 20, 2025

Time Magazine names Aliko Dangote among the Top 100 Philanthropists in the World …Says ADF spends over N50bn yearly on ‘Giving Back to Africa’ - FinancialEDGE

Aliko Dangote, chairman of the Aliko Dangote Foundation and President/Chief Executive of Dangote Industries Limited, has been named in the inaugural 2025 TIME100 Philanthropy list. This list recognises the 100 most influential leaders shaping the future of philanthropy worldwide. Dangote is the only Nigerian on this distinguished list. The prestigious list, published by TIME Magazine on

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MAN Commends FG’s “Nigeria First” Policy Directive, Calls for Joint Efforts to Ensure Effective and Sustainable Implementation - FinancialEDGE
industryMay 7, 2025

MAN Commends FG’s “Nigeria First” Policy Directive, Calls for Joint Efforts to Ensure Effective and Sustainable Implementation - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria on its "NigeriaFirst" policy directive aimed at prioritizing patronage of made-in-Nigeria goods and services, and development of local content, which borders on appropriate technical knowledge transfer to Nigerian professionals. According to the Director General of the Association, Mr. Segun Ajayi-Kadir mni this

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MAN Raises Alarm Over Planned Re-Introduction of 4% Free on Board Levy - FinancialEDGE
industryApr 30, 2025

MAN Raises Alarm Over Planned Re-Introduction of 4% Free on Board Levy - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the Nigeria Customs Service's plan to re-introduce the 4% Free-on-Board Levy, citing its potential catastrophic impact on the manufacturing sector, business community, and the general public. According to MAN's Director General, Segun Ajayi-Kadir, the Federal Government has been urged to direct the Nigeria Customs

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Nigerian Manufacturing Sector Shows Resilience Amidst Challenges – MAN Report - FinancialEDGE
industryApr 23, 2025

Nigerian Manufacturing Sector Shows Resilience Amidst Challenges – MAN Report - FinancialEDGE

News Story The Nigerian manufacturing sector showed resilience in 2024 despite facing significant challenges, including high inflation, forex volatility, and declining consumer demand. According to the Manufacturers Association of Nigeria (MAN) Economic Review, capacity utilization improved marginally to 57.0 percent, while real manufacturing output increased by 1.7 percent year-on-year to N7.78 trillion. However, the sector

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MAN Raises Concerns Over FRCN’s Annual Fees Hike, Says Private Sector Demands Reconsideration - FinancialEDGE
industryMar 10, 2025

MAN Raises Concerns Over FRCN’s Annual Fees Hike, Says Private Sector Demands Reconsideration - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed grave concerns over the implementation of certain provisions of the Financial Reporting Council of Nigeria (Amendment) act, particularly those relating to charges on non-listed entities, like most members of MAN. Director General of MAN, Segun Ajayi-Kadir, said that these provisions, as currently implemented, pose significant challenges to

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AGII.NG Sets to Revolutionized E-Commerce and Service Delivery in Nigeria - FinancialEDGE
industryMar 3, 2025

AGII.NG Sets to Revolutionized E-Commerce and Service Delivery in Nigeria - FinancialEDGE

Agii.ng, Nigeria's premier e-commerce and technology platform with three strategic product directions, Product Sales, Services and Ride, is set to transform how individuals and businesses connect with trusted service providers and vendors nationwide. The platform is designed for efficiency, convenience, and trust, agii.ng simplifies access to skilled artisans, reliable professionals, and reputable manufacturers, all at

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MAN Condemns 4% Customs Levy, Urges Government to Halt Implementation - FinancialEDGE
industryFeb 12, 2025

MAN Condemns 4% Customs Levy, Urges Government to Halt Implementation - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has expressed strong opposition to the introduction of a 4% Free-on-Board Levy by the Nigeria Customs Service (NCS), citing its potential to exacerbate the already high cost of doing business in Nigeria. In a statement, MAN Director General Segun Ajayi-Kadir emphasized that the levy's implementation would have far-reaching consequences,

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MAN Kicks Against 15% Increase in Port Charges by NPA, Cites Economic Hardship - FinancialEDGE
industryFeb 9, 2025

MAN Kicks Against 15% Increase in Port Charges by NPA, Cites Economic Hardship - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has strongly opposed the proposed 15% increase in port-related charges by the Nigerian Ports Authority (NPA), citing the current economic hardship faced by businesses in the country. According to MAN, the increase in port tariffs will exacerbate the challenges faced by the real sector, including rising inflation, foreign exchange

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Manufacturers Association of Nigeria Urges Sanwo-Olu to Reopen Sealed Factories - FinancialEDGE
industryDec 31, 2024

Manufacturers Association of Nigeria Urges Sanwo-Olu to Reopen Sealed Factories - FinancialEDGE

The Manufacturers Association of Nigeria (MAN) has condemned the Lagos State Water Regulatory Commission's (LASWARCO) decision to seal several factories in Lagos State over disputed water abstraction fees. MAN described the closures as "ill-timed" and harmful to the manufacturing sector, noting they occurred despite ongoing negotiations. According to MAN, the commission's actions are unfair, given

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Pan-Atlantic University Partners With Cesel And University Of Lincoln To Revolutionise Biogas Production In Nigeria - FinancialEDGE
industryOct 30, 2024

Pan-Atlantic University Partners With Cesel And University Of Lincoln To Revolutionise Biogas Production In Nigeria - FinancialEDGE

Pan-Atlantic University is proud to announce its partnership with CESEL and the University of Lincoln, UK, on a groundbreaking project funded by a £219,000 Innovate UK grant. This collaborative effort aims to develop and implement advanced biodigesters at a large-scale poultry farm in Aikun, Osun State, Nigeria. By converting poultry waste into renewable biogas,

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