Business

Nigeria Manufacturing and Equipment Expo is back for its 7th Edition

Published

3 years ago

August 22, 2023

478 Views

The Manufacturers Association of Nigeria (MAN) is pleased to announce that the 7th edition of the Nigeria Manufacturing and Equipment (NME) Expo 2023 will hold from 21st to 23rd of November 2023, at the Federal Palace Hotel in Lagos.

In a statement, Ambrose Oruche
Chairman, NME/NIRAM Organizing Committee , said that this year’s edition of the Expo with the theme: ‘Future of Manufacturing’, will be held in partnership with the Nigeria Raw Materials Exhibition (NIRAM Expo).

“These events are the only regional event that brings the entire manufacturing and raw materials value chain together on one platform.
It is West Africa’s only trade show focusing on the entire manufacturing value chain for the African continent,” he said.

As the official Manufacturing event for the Manufacturers Association of Nigeria (MAN) and the Federal Ministry of Industry, Trade and Investment, the manufacturing platform will provide unprecedented opportunities and access to accelerate the industrialization of the African continent thereby achieving one of the objectives of AfCFTA.

Segun Ajayi-Kadir, the Director -General of the Manufacturers Association of Nigeria (MAN), added “there is no nation on earth that is considered wealthy or developed or prosperous that does not have a vibrant manufacturing sector”.
He noted that the manufacturing sector has the greatest capability to create jobs, the best position to revive the economy and set the path to development, adding that for this reason, governments all over the world incentivize manufacturing.

What To Expects
▪︎ The NME EXPO and conference will gather local and international companies to showcase and demonstrate new technologies, machinery, and equipment to enable African industries to invest and increase manufacturing output in Africa.

▪︎The NME 2023 will connect its stakeholders with decision makers who are desirous of investing or building new manufacturing plants, procuring the latest innovations in machinery, equipment, and technology, and finding turnkey solutions to improve their existing production output.

▪︎Exhibitors for this edition are expected to join 200+ other top manufacturing, industrial equipment, and raw materials sector organizations by reserving a space on West Africa’s premier marketplace for local buyers and sellers.

▪︎The collaborative effort of MAN and the Raw Materials Research and Development Council (RMRDC), at this year’s edition is specifically designed to boost the viability of the productive sector as well as guarantee the sustenance of the Nigerian economy.

Business

US Bond Selloff Pushes Benchmark Yield Past 5%, Stocks Rattled

Published

2 hours ago

September 15, 2026

Charles Flames

8 Views

A sharp selloff in the US bond market has driven the benchmark Treasury yield above 5%, sending shockwaves through equity markets and heightening investor anxiety.

The surge in yields, particularly on the 10-year Treasury note, reflects growing concerns over persistent inflation, the outlook for interest rates, and the broader path of monetary policy. As bond prices fell, yields climbed past the psychologically important 5% threshold, marking a significant move that has unsettled risk assets.

US stock markets reacted with broad declines, as higher yields increased the attractiveness of fixed-income investments relative to equities and raised borrowing costs for companies. Major indices came under pressure, with investors reassessing valuations amid the rising cost of capital.

Market analysts note that the rapid move higher in yields has intensified volatility across asset classes. Traders are closely watching upcoming economic data and any signals from the Federal Reserve for clues on whether the upward pressure on yields will persist.

The development underscores the sensitivity of both bond and equity markets to shifting expectations around inflation and monetary policy in the world’s largest economy.

Business

Dangote at IPO Listing, Charges Public,”I don’t want to be called richest man in Africa”

“I don’t want anybody again to call me the richest man in Africa. I want to be called the wealthiest man in Africa so that I can create wealth for others,” he said.

Published

24 hours ago

September 14, 2026

OCHEFA

25 Views

The trading floor of the Nigeria Exchange Limited (NGX) is agog this morning as billionaire industrialist,Aliko Dangote, declared opened trading activities for the day.

“I don’t want anybody again to call me the richest man in Africa. I want to be called the wealthiest man in Africa so that I can create wealth for others,” he said.

Dangote made the remarks on Monday while sounding the gong at the Nigerian Exchange (NGX) in Lagos to formally launch the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

The billionaire businessman said the IPO provided an opportunity for investors to participate in what he described as a transformational phase for Nigeria and Africa’s economies.

“Today, we are not merely offering shares. We are offering an opportunity to participate in the transformational chapter of not only Nigeria’s economy, but Africa’s economy,” Dangote said.

He urged Nigerians to deepen the capital market and promote wider ownership of wealth.

“Together, let us deepen our capital market. Together, let us create prosperity through ownership. Together, let us build a stronger Nigeria. Together, let us ensure prosperity for Africa,” he said.