Inventories Hit N402bn Amid Weakened Purchasing Power, Forex Concerns
Despite struggling to access foreign exchange to secure raw materials, local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that weakened disposable income of consumers has worsened the situation.
Similarly, irregular...
Manufacturers Spend N67.38bn On Electricity Self-generation
The President, Manufacturers Association of Nigeria, Mansur Ahmed, has said that the COVID-19 pandemic which created unprecedented challenges in global economies led to a near shut down of eight subsectors of the country’s manufacturing sector.
He also said that the...
Unsold Goods Inventory Hit N402.4bn, Highest In Years – MAN
The Manufacturers Association of Nigeria (MAN) has said the inventory of unsold finished manufactured products has risen to an all-time high of about N402.4 billion.
President of MAN, Engineer Mansur Ahmed, in his 2020 AGM media...
