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...

MAN Appeals to FG to Clear $7bn Debt to Boost Production  The Manufacturers Association of Nigeria has urged the Federal Government to clear the current $7bn Forex Backlog to boost production. it said 2024 may not be a good year for manufacturers and that it foresees...

UNIDO Seeks FG Support for Local Manufacturers to Boost Economic Growth The United Nations Industrial Development Organisation (UNIDO) has urged the Federal Government to support indigenous manufacturers to enhance production of made-in-Nigeria goods, which will in turn boost economic growth and development. The organisation noted that...