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...
Real Sector Operators Call For Forbearance - 2021 Finance Act
Operators in the Nigerian real sector have called on the ministry of Finance and Budget Planning to consider a period of moratorium on the implementation of the amendments in the 2021 Finance Act which imposes...
