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Manufacturing, the FX Situation and the Nigerian Economy Abdulsamad Rabiu

The Nigerian Dream, if there ever were such a notion, is facing its greatest challenge in recent times. With a less than a one-year-old government in place, faced with the enormous task to ensure a fair economic and social justice system which caters to all and a more equitable distribution of wealth and resources whilst combating corruption.The huge drop...

Manufacturing? We need more than that By Derrydean Dadzie

DeamOval Limited chief executive officer, Derrydean Dadzie reckons manufacturing alone cannot be the panacea to Ghana's current economic woes.The dynamics of getting a manufacturing system together in Ghana make it quite difficult for the country to benefit tremendously from the manufacturing of anything.Take Ghana courting internationally based companies to invest in any sector in Ghana, you realizewe may end...

CBN kicks-off push to refloat Nigeria’s textile industry

The Central Bank of Nigeria (CBN) has kicked the national programme to refloat Nigeria’s cotton, textiles and garment industry which once was the bulwark of manufacturing in the country and provided jobs for as many as one million Nigerians.At a meeting with heavyweights from the sector in Lagos, CBN Governor, Godwin Emefiele, who is championing the initiative, spoke of...

Nigeria, China Sign MoU On Railways, Manufacturing

In an effort to boost trade and investment, the Nigerian government and the Peoples Republic of China on Wednesday signed a Memorandum of Understanding (MoU) to facilitate investment between the two countries. The MoU was signed by the Nigerian Investment Promotion Commission (NIPC) and Qingdao International Chambers of Commerce for the Private Sector (QICCPS) affirming their desire to encourage...

Do We Ever Learn? by Henry Agbonika

In the last two months I have visited two of Northern Nigeria's oldest investments: Arewa Textiles PLC established in 1965 and the Bauchi Integrated Meat Company established in 1964. Arewa Textiles is dear to my heart as I had the opportunity of working in one of its factories in the early nineties. It was a platform of some sort...

Modi’s ‘Make In India’ Lacks Skilled Workers

In a classroom of construction firm Larsen & Toubro's (LART.NS) training centre outside Mumbai, an instructor lifts up a tool and shows it to his students: "Clawhandle," he tells them. "Clawhandle," chant back the young men, gathered under a picture of Vishwakarma, the Hindu god for craftsmen. Prime Minister Narendra Modi is depending on such young people to realise his dream...

The World’s Most Expensive Soap

The “most expensive soap in the world,” made of pure gold dust, olive oil and virgin honey and embedded with diamonds, was unveiled by Khan Al-Saboun Bader Hassoun and Sons at the Qatar Pool and Spa 2013 at the Doha Exhibition Centre yesterday.Weighing around 100gm and with a price tag of $3,800, the soap dubbed ‘Qatar Royal Soap’ with...