…within related value chains would operate alongside one another, potentially reducing production costs and increasing local sourcing. Agriculture and agro-processing are among the sectors being prioritised, with the government identifying food processing, rice-related businesses, agricultural inputs, packaging, machine…

…its strong operating efficiency and ability to protect margins despite rising production costs.3. Nestlé Nigeria Plc — N651 billionNestlé Nigeria generated N651 billion in revenue during the first half of 2026, placing it third among the leading consumer goods companies.The company recorded a profit after tax of N64.77…

…the FCCPC said it was testing those explanations against verified information on production costs, pricing, capacity utilisation and other market conditions. “Of particular concern to the Commission is that this level of production capacity has not resulted in the downward pressure on domestic prices that might ordinar…

…has been supported by expectations of improved operating conditions, although high production costs, inflation and weak consumer purchasing power remain major concerns for the sector. Top capitalised industrial goods coys Dangote Cement topped the industrial goods category with N17.15 trillion market capitalisation, fo…

…rice influx raises concerns over Nigeria's domestic rice industry's survivalRising production costs push local millers to shut down amid competition from cheaper importsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng…

…to about $3.50 per thousand standard cubic feet, arguing that cheaper gas would lower production costs, improve competitiveness and stimulate investment. “Manufacturers that have invested millions of dollars in gas-powered electricity generation should not be paying as much as $8.70 per thousand standard cubic feet of…

…energy to one million Micro, Small and Medium Enterprises in a move aimed at lowering production costs, creating jobs and accelerating industrial growth. The initiative was unveiled by the National Board for Technology Incubation during the National Showcase of the NextGen Innovation Challenge 2026 held at the NICON Lu…

…clean energy to one million micro, small and medium enterprises, create jobs, lower production costs and accelerate Nigeria’s transition to sustainable energy.

…of 2026 as higher energy costs squeezed household incomes and raised transportation and production costs. An analysis of the H1 2026 Downstream Industry Analysis Report by the Major Energy Marketers Association of Nigeria, obtained by The PUNCH, showed a clear relationship between rising fuel prices and weakening deman…

…importing fuel, machinery, pharmaceuticals and industrial equipment, helping to reduce production costs and ease inflationary pressures.For consumers, particularly low-income households, this translates into more stable prices for essential goods and services.Currency stability also plays a major role in attracting for…

…in a statement made available to PUNCH Online on Sunday. Bakrin said the high cost of production, rather than weak demand, was the biggest challenge confronting Nigerian manufacturers. “None of this is a demand problem. Nobody on this continent needs persuading to buy what Nigeria makes. “It is a cost-of-production pro…

…developments have significantly affected refiners, including Dangote Refinery, whose production costs are closely tied to movements in international crude prices.Higher diesel prices may ripple across the marketMarket participants expect the revised gantry price to trigger fresh adjustments in ex-depot diesel prices na…

…energy costs, transportation expenses and exchange rate pressures continued to raise production costs and weaken consumers’ purchasing power. “MAN has consistently maintained that addressing inflation requires coordinated structural reforms that improve productivity, strengthen infrastructure, enhance security in agric…

…N3.8 trillion in alleged duplicated subsidy deductions, N5 trillion booked as direct production costs and N5.9 billion in incorporation costs during the transition from NNPC to NNPCL. All deserved scrutiny. Dankwambo ensured they got it. From day one, he made it clear this would not be a platform for vendetta or media…

…structural reforms to boost food production, improve logistics, reduce energy and production costs, deepen domestic petroleum refining and strengthen productivity across the economy.

…with an estimated $125 million spent on marketing, the film has already recovered its production costs through its strong opening performance.The Odyssey is also the first feature film to be shot entirely using IMAX 70mm cameras. The film has received widespread critical acclaim, earning a 95 per cent critics' score on…

…in the macroeconomic environment. Businesses continue to grapple with elevated production costs, high interest rates, inadequate electricity supply, logistics bottlenecks and weak transport infrastructure, all of which continue to undermine productivity and competitiveness,” Yusuf said. He observed that manufacturers,…

…initiative is intended to provide farmers with timely access to quality inputs, reduce production costs, minimise post-harvest losses and improve household incomes. Donated farm inputs. Photo: Collins Agwam Urging beneficiaries to maximise the intervention, she said, “We therefore urge every beneficiary to make judicio…

…addition as a survival strategy to reduce dependence on imported inputs amid rising production costs that continue to undermine their competitiveness within the domestic and regional markets. Industry operators, however, warn that without lower financing costs, improved infrastructure, better logistics and stronger gov…

…the model struggled to keep up. Printing delays, supply chain disruptions, and rising production costs left millions of Nigerians waiting years to receive their identity cards, even after successfully registering. The new law shifts from that card-based approach. Instead, it adopts a technology-neutral identity framewo…

…dollar market, meaning that the depreciation of the naira continues to inflate baseline production costs. "However, the decline in international crude oil prices indicates that relief is structurally on the way, as evidenced by recent cuts in wholesale gantry prices and NNPC's reduction of its retail price to roughly N…

…required inputs for the rainy season. He said, "The donation will significantly reduce production costs for the affected farmers and enable them to resume farming activities. "This support will ease the financial burden on resettled farmers and help them regain productivity. The state government will ensure transparent…