Manufacturing

Heineken to cut 8,000 jobs, restructure, amid COVID-19

By Zainab Iwayemi   Reveals plans to move beyond beer Heineken sold more non-alcoholic drinks, driven by Heineken 0.0 and Maltina…

Cadbury Nigeria posts weak numbers as profit tumbles 84% to N35.4bn in FY20

By Charles Abuede     Cadbury Nigeria has posted a set of weak numbers in its financial performance for the…

Flour Mills shows operational resilience with 31% growth in Q3 revenue to N200bn

By Charles Abuede   YTD revenue stood at N555.3bn after 9 months, while TCI grew to N15.59bn in Q3’ 2020/21  …

Unilever Nigeria cuts operating loss significantly as revenue rises 1.3% to N61.6bn

By Charles Abuede   Gross profit surged to N13.8bn, but with N3.05bn operating loss in FY20 Growth was chiefly driven by…

MAN demands protection of local industries under AfCFTA scheme

By Onome Amuge   Tasks SON on quality assurance of imports   Local manufacturers in Kano, north central Nigeria, under the…

Dangote to expand manufacturing into Central Africa to boost cement production

By Onome Amuge   Nigerian multinational industrial conglomerate, Dangote Industries Ltd, has disclosed its plans to expand its cement and…