MPR Hike: MAN Begs FG to Speed up N75bn, N1trn Loans Disbursement The Manufacturers Association of Nigeria (MAN) has called on the federal government to expedite actions on the disbursement of the N75 billion and the recently announced N1trillion intervention loans for the manufacturing sector...

Manufactured Goods Imports Surge by 139% to N5.74trn The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed...

Dangote Flays CBN’s 30% Interest Rate Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). While addressing the audience during the opening session of a...

767 Manufacturing Companies Shut Down in Nigeria, N350bn Goods Unsold in 2023 The Manufacturing Association of Nigeria (MAN) has reported a concerning trend within the industry, revealing that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023. This development is attributed to...

Sachet Alcohol Ban May Result in 5.5m Direct, Indirect Job Loss – DIBAN The Distillers And Blenders Association Of Nigeria (DIBAN) has said that investments worth over N1.2tn will be lost while 5.5 million direct and indirect workers would be out of jobs if the...

Sachet Alcoholic Ban: 500,000 Nigerians will Lose Jobs, Says MAN The Manufacturers Association of Nigeria says the ban on the sale of alcoholic drinks by the National Agency For Food and Drug Administration will cost the Nigerian economy 500,000 jobs. In a statement signed by the...