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....
In a striking indication of the challenges facing Nigeria’s manufacturing sector, tax payments from manufacturers have plummeted to their lowest level in three years. According to...
In a bid to revitalize the Nigerian automotive industry and reduce dependency on imported auto parts, the Federal Government has unveiled an ambitious plan to kickstart...
The Manufacturers Association of Nigeria (MAN) has highlighted the significant challenges faced by the manufacturing sector in the first quarter of 2024. The report, presented by...
In the first three months of 2024, some of Nigeria’s major manufacturers found themselves navigating treacherous waters as financial losses mounted amidst economic turbulence. According to...
The Manufacturers Association of Nigeria (MAN) has issued a stern warning to the federal government regarding the recent decision to increase interest rates by 200 basis...
The Manufacturers Association of Nigeria (MAN) has issued a stark warning about the escalating inventory of unsold goods, a crisis that threatens the very existence of...
In the fourth quarter of 2023, Nigeria’s manufacturing sector grew by 7.70% year-on-year, according to the National Bureau of Statistics (NBS). The surge in growth reflects...
Following a high-level meeting between government officials and major cement manufacturers, consumers across Nigeria can anticipate a significant drop in cement prices with bags expected to...
The Manufacturers Association of Nigeria (MAN) has engaged in a heated dispute with the National Agency for Food and Drug Administration and Control (NAFDAC) over the...