MAN Urges CBN to Slash Interest Rates to Ease Borrowing Costs The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to further reduce interest rates to ease the rising cost of borrowing, which continues to stifle production and erode competitiveness in the...

Northern Industrialists Back 15% Fuel Tariff  Industrialists from Northern Nigeria have welcomed the Federal Government’s decision to impose a 15 per cent import duty on petroleum products, noting that the measure is a strategic move aimed at stimulating local production, enhancing value addition within the...

The Manufacturers Association of Nigeria (MAN) says the current production condition declined marginally by 0.3 point in the third quarter.

A New Understanding Between Customs and Manufacturers By Abdulsalam Mahmud For years, the relationship between the Nigeria Customs Service (NCS) and the manufacturing community had been marked by tension and misunderstanding. Each spoke from a different world — one focused on revenue and regulation, the other...

Nigeria’s Packaging Industry Growth Rises $2.5bn Nigeria’s manufacturing sector has been described as a crucial driver of economic growth, as new data shows the country’s packaging industry is valued at $2.5 billion and projected to expand by about 5 percent annually. George Pearson, Regional Director at...

The reintroduction of the four per cent Free on Board (FoB) levy has continued to cause a stir in the port community, with manufacturers warning that the spike in the cost of clearing may have huge consequences for general prices, their continued operation and job creation.