Nigerian manufacturers are grappling with a historic surge in operational costs due to soaring inflation, currency depreciation and escalating energy prices that is squeezing their profit...
The Manufacturers Association of Nigeria (MAN) and the Trade Union Congress (TUC) have strongly opposed the Federal Government’s proposed 65% increase in electricity tariffs and warned...
Economic uncertainties ahead of Donald Trump’s presidency have slowed down Chinese manufacturing activity in December, according to the latest report from the Caixin Insight Group. Donald...
In a bid to revitalize the automotive industry and boost the nation’s economy, the Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin,...
Holcim, the Swiss cement and building materials manufacturer, has announced its exit from Nigeria. The company said its strategy to streamline operations and focus on high-growth...
The Manufacturers Association of Nigeria (MAN) has disclosed that despite worrying economic challenges, investments in the manufacturing sector continued to rise, reaching N250.13 billion in the...
The Manufacturers Association of Nigeria (MAN) has criticised the recent interest rate increase by the Central Bank of Nigeria (CBN). The Director General of MAN, Mr....
Vestergaard Sàrl announced today that the Government of the Federal Republic of Nigeria, acting through the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC), has signed...
Nigerian manufacturers have shown signs of financial improvement in the second quarter of 2024 with losses significantly reduced following a drop in finance costs and the...
The manufacturing sector is facing a severe crisis following the Central Bank of Nigeria’s (CBN) delay in settling $2.4 billion worth of foreign exchange forward contracts....