Inflation: Unsold Goods Rise N1.4trn in 2024 - MAN The Manufacturers Association of Nigeria says high inflation and reduced purchasing power of consumers led to more than N1.4 trillion unsold goods by manufacturers in 2024. MAN's President Francis Meshioye disclosed this yesterday, in Lagos, at the...

Naira Depreciation: 16 Major Firms Lost N792bn in One Year- MAN The Manufacturers Association of Nigeria, MAN, yesterday said that 16 major manufacturing firms incurred cumulative losses amounting to N792 billion between 2023 and 2024. Also, Chairman, Ogun State Manufacturers Association of Nigeria, MAN, Mr. George...

Manufacturing Grows by 1.28% – NBS The manufacturing sector grew by 1.28 per cent year-on-year in the second quarter of the year, according to the Gross Domestic Product report of the National Bureau of Statistics (NBS) released on Monday. The sector grew at a slower pace...

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...