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Nigeria to Save N 3.6 Trillion in 5 Yrs Through NSCRM
Nigeria will save at least N 3.6 trillion in five years through the Natural Strategy for Competitiveness in Raw Materials (NSCRM), according to science...
Nigerian Braiding Manufacturers to continue operations
Kano-based Nigerian Braiding Manufacturers Limited (NBML) will continue operations despite its indebtedness to the tune of more than N1 billion, the Asset Management Corporation...
Nigeria Losing Revenue Due to Influx of Cheap Textiles
Nigeria’s cumulative value of textiles and garments imported or smuggled into the country is worth $4.2 billion, according to minister of state for industry,...
Record Cotton Production To Drive West Africa Exports
Cotton exports from West Africa for 2018-19 are projected to surpass last year’s record, driven by record production, according to the US department of...
Nigeria Introduces Transgenic Cotton Varieties
Nigeria recently introduced genetically-modified cotton varieties in the country to boost the textile industry. The country’s minister of science and technology Ogbonnaya Onu said...
Nigeria, China sign $2 bn MoU on cotton industry
Nigeria has signed a memorandum of understanding with Chinese firm Shandong Ruyi International Fashion Industry for an investment of $2 billion in Katsina, Kano,...
Afreximbank to aid Nigerias Kaduna in textile goods export
African Export-Import Bank (Afreximbank) President Prof. Benedict Oramah recently met with Nasir Ahmad El-Rufai, Governor of Kaduna State, Nigeria, in Abuja to explore opportunities...
Nigeria, China opt currency swap to cut dollar use
Nigeria, Africa’s largest economy, and China have agreed to swap their currencies in order to reduce their dependency on third-country currencies and thereby, give...
Nigeria should opt for mass production: fashion designers
Many Nigerian fashion designers feel their country, one of the biggest consumers of fashion in Africa, can boost the economy, meet rising domestic demand, raise...
Cotton export dents industrialisation: Nigerian Minister
Continued export of raw cotton with little or no value addition by the African producers is unsustainable due to global instability in the prices of the...
