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Exchange Unification: MAN Seeks Exemption For Outstanding Debts

Exchange Unification: MAN Seeks Exemption For Outstanding Debts     The Manufacturers Association of Nigeria has appealed to the Central Bank of Nigeria to exempt outstanding credit commitments to foreign suppliers of raw materials from the unified exchange rate. The President, MAN, Mansur Ahmed, in a statement issued...

Electricity Tariff Hike Will Push Cost Above 40%, MAN warns

Electricity Tariff Hike Will Push Cost Above 40%, MAN warns   The Manufacturers Association of Nigeria (MAN), has charged the nation’s economic managers on the need to attract significant investment to encourage large scale generation and significant improvement in transmission and distribution of power supply in...

$30bn Loan: MAN Worries Over FG’s Repayment Capacity

$30bn Loan: MAN Worries Over FG’s Repayment Capacity   The Manufacturers Association of Nigeria (MAN) said it is concerned about the debt servicing capacity of the federal government if the National Assembly approves the planned $30 billion loan. The Director General, Segun Ajayi-Kadri told Daily Trust at...

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure   Manufacturers Association of Nigeria (MAN), has decried the huge decay in infrastructural facilities in the industrial zones of Amuwo Odofin, and Kirikiri areas of Lagos, noting that manufacturers lose over N20 billion yearly as a result of...

Substandard Steel Smuggling, Threat To Economy, MAN Says

Substandard Steel Smuggling, Threat To Economy, MAN Says   The Manufacturers Association of Nigeria has appealed to the Federal government to urgently intervene and stop the smuggling of substandard steel products and galvanized roofing sheets into the country, saying that it is threatening the economy of...

Nigeria’s Steel Plants Producing Less Than 200,000 Tonnes Annually

Nigeria’s Steel Plants Producing Less Than 200,000 Tonnes Annually The Basic Metal, Iron and Steel and Fabricated Metal Products Sectoral Group of the Manufacturers Association of Nigeria (MAN), has raised an alarm over possible massive retrenchment of the workers in the steel sector, as non-patronage...