The value of raw material imports in the third quarter of 2022 was N649.21 billion, a 23.9 percent year-on-year increase.
Jamaica has announced plans to source vehicles from Innoson Vehicles Manufacturing (IVM) in Nigeria. This was revealed by the Jamaican High Commissioner to Nigeria, Esmond Reid,...
Over the past five years, Nigeria has experienced oscillatory movement in manufacturing output growth. According to the latest national accounts, manufacturing sector growth contracted to -1.9%...
Manufacturers attributed to foreign exchange scarcity that made it impossible for most firms to import as usual, and in most cases compelled them to seek local...
The Manufacturers Association of Nigeria (MAN) has said the recently increased interest rate would drag on new job creation and subsequently lead to job loss amid...
The FG has set up a technical committee to promote rubber production and come up with a roadmap to improve the capacity of rubber trees within...
MAN has said Nigeria's wide foreign exchange when compared to global counterparts, unstable power sector, high borrowing cost, and others are hurting the manufacturing sector.
Cement manufacturing companies paid N115.782 billion in income tax in the first half (H1) of 2022
Activity in the manufacturing sector of the world's largest economy, the United States moderated from 57 in May to 52.4 in June, representing a 23-month low.
The importance of a vibrant manufacturing sector in emerging economies cannot be overemphasized. A functional manufacturing base attracts increased research, productivity, and exports. In addition, due...