Business
Nigeria Manufacturing and Equipment Expo is back for its 7th Edition
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
Naira Exchange Rates Thursday, 5 Nov 2026
BLACK/ PARALLEL MARKET RATES
₦1400DOLLAR (USD)
₦1830POUND (GBP)
₦1515 EURO (EUR)
₦950 CANADIAN DOLLAR (CAD)
₦70 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED
₦190 Chinese YUAN (CNY)
₦100 Ghanaian CEDI (GHS)
West African CFA ₦2240 (XOF)
Central African CFA ₦2180 (XAF)
₦820 Australian Dollar AUSSIE (AUD)
Business
NNPCL wants to sell 10% equity via IPO on NGX, LSE
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.
The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.
The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.
The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.
Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.
Business
Naira Exchange Rates Wednesday, 4 Nov 2026
BLACK/PARALLEL MARKET RATES
1390DOLLAR (US
₦1835POUND (GBP)
₦1510EURO (EUR
₦970 CANADIAN DOLLAR (CAD)
₦65 SOUTH AFRICAN RAND (ZAR)
₦350 UAE DIRHAM (AED)
₦190 CHINESE YUAN (CNY)
₦100 GHANAIAN CEDI (GHS)
₦2300 West African CFA F.(XOF)
₦2200 Central African CFA F.(XAF)
₦850 Australian Dollar AUSSIE (AUD)
OFFICIAL CBN EXCHANGE RATES
DOLLAR (USD)₦1346.93
POUND (GBP)₦1807.72
EURO (EUR)₦1512.26
SWISS FRANC (CHF)₦1644.21
JAPANESE YEN (JPN)₦8.52
West African CFA FRANC (XOF)₦2.30
WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1825.03
CHINESE YUAN (CNY)₦201.92
SAUDI RIYAL (SAR)₦359.15
SOUTH AFRICAN RAND (ZAR)₦81.37
-
Business2 days agoNaira Exchange Rates Wednesday, 4 Nov 2026
-
Business2 days agoNNPCL wants to sell 10% equity via IPO on NGX, LSE
-
Business2 days agoMTN migrates MoMo Customers to Alipay+ platform
-
Business2 days agoNaira Exchange Rates 3 November,2026
-
News2 days agoSanusi: Critics Are Not Enemies Of The Govt
-
International1 day agoDemocrats Win US midterm elections
-
Politics1 day ago2027 Elections Campaign: NDC Reacts To Today’s Attack On Peter Obi in Cross River
-
Business13 hours agoNaira Exchange Rates Thursday, 5 Nov 2026
