The Manufacturers Association of Nigeria (MAN) has expressed concern over the current interest rate in Nigeria. MAN, at its annual media luncheon led by its president, Dr. Frank Jacobs Udemba, in Lagos, noted that one of its major focus for the year 2017 is advocacy...

The current scarcity of polyester is threatening the survival of textile industry in Nigeria, investigation has revealed. Polyester fibre is used as cushioning and insulating material in pillows, comforters and upholstery padding. It has high tenacity and durability and can withstand strong and repetitive movements. But...

The plan by the Senate to repeal the Act establishing the Bank of Industry and replace it with a National Development Bank of Nigeria has been criticised by several professional groups and workers’ unions. And if the NDBN Bill, which has passed a second reading...

The Central Bank of Nigeria has announced that it has provided a total sum of $660m to the manufacturing sector in the last one month. The amount, the apex bank said, was made available to the manufacturers through the interbank market to source for raw...

The manufacturing industry requires the injection of about $1bn to galvanise activities in the sector and enable it to contribute significantly to the economy, the Manufacturers Association of Nigeria has said. The President, MAN, Dr. Frank Jacobs, who said this in an interview with PUNCH,...

The problem of difficult access to foreign exchange to procure essential raw materials for production by manufacturers, among other challenges, has resulted in unprecedented job losses in different sectors, with the electrical/electronic sub sector feeling the heat. Local manufacturers of electrical and electronics items, including...