The Manufacturers Association of Nigeria (MAN) yesterday told the federal government that the sector “is on its last breath” as “the future of the country will continue to hang in balance unless the plights of manufactures are adequately addressed with appropriate interventions.” MAN also declared that year 2025 is a critical period where the ...
•Comptroller General of Customs, Adewale Adeniyi The imposition of a four per cent increase in charges on all consignments imported into the country by the Nigeria Customs Service (NCS), last week, drew disapproval from manufacturers, economists and other stakeholders at the weekend. The stakeholders said the hike could plunge Nigerians into d...
The Manufacturers Association of Nigeria (MAN) has said that N3.04 trillion was spent on importation of raw materials for industrial activities in 2023, noting that the manufacturing sector is capable of contributing over 80 percent of the country’s non-oil export if the potentials are properly harnessed. Director General of MAN, Segun Ajayi-K...
•Naira notes The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), George Onafowokan, has lamented the crisis in Nigeria’s manufacturing sector following the government’s decision to float the Naira in 2023. According to him, 16 major manufacturing firms have incurred cumulative losses amounting to N792 billion due to nair...
•Blackout Nigeria’s manufacturing sector’s output has increased by 30.38 per cent year-on-year, reaching N5.34 trillion in H1 2024, the Manufacturers Association of Nigeria (MAN) said yesterday. Besides, the declining purchasing power of consumers led to a 357.57 per cent surge in the inventory of unsold finished products of manufacturers to N...
The Centre for the Promotion of Private Enterprise (CPPE) yesterday lamented that the rising inflationary trend in Nigeria is eroding the profit margins of investors as well as manufacturers. In a statement signed by the Director/Ceo of the CPPE, Dr Muda Yusuf, the group said that the surge in petrol prices has further exacerbated the [&hellip...
Following the increase in price of Premium Motor Spirit (PMS), the Manufacturers Association of Nigeria (MAN), said there is a high possibility of a rise in inflation figures, impacting household budgets. Reacting on the increase in the price of petrol from about N568 per litre to N855 per litre, which has been implemented across NNPC [&helli...
The Manufacturing companies recorded N1.5 trillion in foreign exchange-related losses in the first six months of the year, following the impact of the unsettled forward contracts worth $2.4 billion by the Central Bank of Nigeria, CBN. Consequently, the Manufacturers Association of Nigeria (MAN), warned that the continued non-redemption of the ...
Manufacturers and Organised Labour have kicked against the Federal Government’s 240 per cent hike in the tariff payable by electricity users enjoying a 20-hour power supply. They insisted on the electricity subsidy, warning that its removal would send manufacturers out of business and worsen inflation, reports The PUNCH. The subsidy on electri...
•Tinubu The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate, reports The PUNCH. MAN stated this in a statement in whi...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
