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Afreximbank to Launch $5 Billion Integrated Textile Hub in Nigeria as Part of Bold Industrialisation Agenda
In a landmark move set to reshape Africa’s textile landscape, the African Export-Import Bank (Afreximbank) has announced the construction of a $5 billion integrated...
AFC Warns Against Undermining African Multilateral Institutions, Unveils Plan to Revive Nigeria’s Textile Sector
The African Finance Corporation (AFC) has issued a strong call to African governments and private stakeholders to protect and support the continent’s multilateral financial...
Accra Textile Firms Call for More Government Contracts and Inclusive Job Support
Textile and garment manufacturers operating within Accra’s Ajabeng enclave have urged the government to increase access to public procurement contracts, expand land availability, and...
Lai Labode Foundation Seeks Government Partnership to Launch $500 Billion Nigerian Fashion Economy
The Lai Labode Heritage Foundation, a socio-cultural and economic group based in Abeokuta, Ogun State, has called for a strategic partnership with the Nigerian...
Ecobank Nigeria Champions SME Growth in Fashion Industry Through Adire Lagos Exhibition
Ecobank Nigeria has reaffirmed its commitment to empowering Small and Medium Enterprises (SMEs), particularly within the fashion and creative industries, to harness opportunities in...
Benin Republic Emerges as West Africa’s Textile Powerhouse, Leaving Nigerian Manufacturers Concerned
Benin Republic is rapidly positioning itself as the new textile and garment hub of West Africa, sparking concern among Nigerian manufacturers over the country’s...
Nigeria’s House of Representatives Calls for Regulation of Textile Imports to Revive Local Industry
In a significant move to revitalise Nigeria’s struggling textile industry, the House of Representatives has urged the federal government to introduce measures to regulate...
Nigeria’s Cotton Industry Faces Setbacks as GM Seeds Fall Short and Sector Struggles with Systemic Neglect
Hopes of reviving Nigeria’s once-thriving cotton and textile industry have taken a hit, as genetically modified (GM) cotton varieties introduced with great optimism have...
Nigeria’s Fashion Industry Booms as Dune London Launches New Store in Lagos
Nigeria’s fashion sector continues its rapid expansion, contributing approximately $6.1 billion to the nation’s GDP in 2024, as rising consumer demand for quality, exclusivity,...
Nigeria Approves New Textile Development Board and $90 Billion Agribusiness Plan
In a significant move to reposition the nation’s economy and strengthen food security, the National Economic Council (NEC) has approved the establishment of a...
