Arridex: RusselSmith transitions, unveils Omnifactory
Arridex, formerly RusselSmith, on 1 June 2026, announced its formal change of name, registered with the Corporate Affairs Commission of Nigeria. The change reflects the significant expansion of the organisation’s capabilities and the breadth of industries it now serves, which extend well beyond the oil and gas services with which it began operations in the […]
CBN Holds Interest Rates at 26.5% Amid Inflation Concerns
The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark interest rate at 26.5 per cent, citing rising external risks, renewed inflationary pressure, and the need to sustain exchange rate stability. The CBN Governor, Olayemi Cardoso, announced the decision at the end of the committee’s 305th meeting held in Abuja. […]
Manufacturers Switch to Gas Amid Rising Diesel Prices in Nig
Manufacturers are increasingly embracing natural gas as rising diesel prices continue to pressure production costs and profitability across Nigeria’s industrial sector. This was disclosed during a business and investment forum organised recently by Shell Nigeria Gas in Port Harcourt, Rivers State, where stakeholders across the energy and manufacturing sectors explored opportunities to reduce operating costs […]
ACCI Urges Manufacturers to Exploit China Trade Access
The President of the Abuja Chamber of Commerce and Industry, Emeka Obegolu, has described China’s zero-tariff policy for African countries as a major economic opportunity capable of strengthening Nigeria’s export sector, supporting industrialisation, and deepening trade relations between Africa and China. Reacting to the policy announced by the Chinese government in a statement on Wednesday, […]
MAN Seeks Steady Crude Supply for Petrochemical Sector
The Manufacturers Association of Nigeria has called on the Federal Government to ensure consistent crude supply to refineries and petrochemical plants and invest massively in gas supply infrastructure following the Dangote Petroleum Refinery deal with Honeywell UOP to expand petrochemical production. In an interview with Sunday PUNCH, the Director-General of MAN, Segun Ajayi-Kadir, said the […]
Nigeria Secures $425m for Solar Manufacturing Expansion
Nigeria has attracted about $425m in investments in 2025 for the establishment of eight renewable energy manufacturing facilities as part of efforts to scale up local production of solar panels and position the country as a regional hub for clean energy manufacturing in West Africa. The Managing Director of the Rural Electrification Agency, Abba Aliyu, […]
Talk on Nigeria Industrial Processing & Value Addition
Nigeria’s push to transform its resource base into industrial output will come under fresh scrutiny later this month as senior policymakers, industry leaders and academics gather in Lagos for the 10th edition of The Bullion Lecture. The lecture, scheduled for 23 April at the Civic Centre in Victoria Island, will be delivered by Nnanyelugo Ike-Muonso, […]