Featured

FG reiterates commitment to give priority to textile industry

Ihesiulo Grace 14 December 2019 0

Abuja – The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, said that the Federal Government would give priority to development of the textile industry. The minister said this in a statement issued on Friday in Abuja by Mrs Oluwakemi Ogunmakinwa, the Assistant

Business

Textile, Garment industry can generate 3.5m jobs when revived — Issa Aremu

Ihesiulo Grace 3 December 2019 0

Owerri – Issa Aremu, the General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria says the textile and garment sub-sector can generate 3.5 million jobs if revived. Aremu said this at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday. The theme of the three-day seminar is […]

Business

Senate appeals to FG to ban importation of textile for 5 years

Ihesiulo Grace 12 November 2019 0

Abuja – The Senate on Tuesday, appealed to the Federal Government to ban importation of textiles in the country for a period of five years to allow for the production of local textile materials. This followed the debate on a motion sponsored by Sen. Kabir Barkiya (APC-Katsina Central) during plenary on “Urgent need to revamp […]

Politics

Senate appeals to FG to ban importation of textile for 5 years

Ihesiulo Grace 12 November 2019 0

The Senate on Tuesday, appealed to the Federal Government to ban importation of textiles in the country for a period of five years to allow for the production of local textile materials. This followed the debate on a motion sponsored by Sen. Kabir Barkiya (APC-Katsina Central) during plenary on “Urgent need to revamp the nation’s […]

Business Featured

N100bn needed to revive Cotton, Textile, Garment industries – Emefiele

Ihesiulo Grace 29 October 2019 0

Abuja – The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele says more than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector. Emefiele said this while speaking with newsmen after signing ceremony of Memorandum of Understanding (MoU) with some critical stakeholders at the sub sector in Abuja […]

News Nigeria

MAN urges FG to relax conditions attached on textile fund

Ihesiulo Grace 2 July 2018 0

The Director-General, Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadri, has appealed to the Federal Government to relax the tough conditions attached to disbursement of the Textile Intervention Fund. He said that the appeal became necessary due to the bureaucracy and strict conditions surrounding the allocation of the fund, saying that there was need to

Editorial

Time to revamp the textile industry

Ihesiulo Grace 11 April 2018 0

Recent news report that the Kaduna Textile Mills, the New Nigeria Development Company (NNDC), in partnership with a Turkish firm and in collaboration with the federal government will invest $15 million to reactivate the collapsed Kaduna Textile Company is a welcomed development. The move is in line with President Muhammadu Buhari administration’s policy of resuscitating

Money

PMI hikes to 55.9 points in November

Ihesiulo Grace 3 December 2017 0

…highest in three years The Central Bank of Nigeria (CBN) has disclosed that its Purchasing Manufacturing Index (PMI) increased to 55.9 index points in November, record high in three years. The apex bank had report PMI of 55 Index points in October and 55.3 Index points in September. The PMI, an indicator of the economic […]