Unsold Finished Goods Now N1.24trn – MAN The value of unsold finished goods inventory has surged by 42.93 percentage points in the first half of 2024, reaching 1.24 trillion against 869.37 billion recorded at the close of 2023, the Manufacturers Association of Nigeria (MAN) has...

More Multinational Companies May Exit Over Electricity Tariff - MAN   The Manufacturers Association of Nigeria (MAN) has warned that implementation of the proposed hike in electricity tariff by power distribution companies may force more multinational companies to relocate their factories outside Nigeria. President of MAN, Francis...

Manufacturing Output Drops By 9.7% To N6.67trn   The production output of Nigeria’s Manufacturers fell by 9.7 percent to N6.67 trillion in 2022 from N7.39 trillion in 2021 on account of forex scarcity, high inflation, high cost of energy and limited household purchases. Director General, Manufacturers Association...

Made-in-Nigeria Products Decline By 27% To N7.4trn   The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 per cent between 2017 and 2021. According to a five-year data obtained from the Manufacturers Association of Nigeria (MAN) N9.43 trillion worth of goods were manufactured...

Manufacturers Seek Removal Of 7.5% VAT On Diesel   The Manufacturers Association of Nigeria (MAN) has called on the federal government to remove the 7.5 per cent Value Added Tax on Automobile Gas Oil pending the supply from international is normalised. The association also urged the government...

Manufacturers Seek Licence To Import Diesel   Members of the Manufacturers Association of Nigeria (MAN) have decried the over 200per cent increase in the price of diesel while calling on the federal government to urgently allow them and the independent petroleum products marketing companies to import...