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Tag: Manufacturers’ Association of Nigeria

Recession: Manufacturers Still Worried Over 14% MPR

Several attempts at salvaging the moribund economy by Central Bank of Nigeria (CBN) though its Monetary Policy interventions have proved counter-intuitive as manufacturers in the country have continued to express worry over retention of Monetary Policy Rate (MPR) at 14 per cent, saying it...

Proposed $30bn external Loans not solution to Forex Supply Crisis— MAN

The plan by the Federal Government to borrow $30 billion external loans to tackle the country’s infrastructural needs will not address the supply gap in the foreign exchange market currently hurting private sector operators. President Buhari Chairman, Apapa branch of Manufacturers Association of Nigeria,...

Buhari to include Manufacturers in Govt

President Muhammadu Buhari has promised to appoint members of the Manufacturers’ Association of Nigeria (MAN) in his government in the coming months. He dropped the hint in Abuja yesterday at the 44th Annual General Meeting of the association with the theme: “Diversifying the Nigerian Economy:...

Manufacturers Support Finance Minister’s Call for Interest Rate Cut

The Minister of Finance, Mrs. Kemi Adeosun, has called on the Central Bank of Nigeria to lower interest rate so that the government can borrow domestically to boost the economy without increasing debt servicing cost. While reacting to the minister’s call, the President, Manufacturers Association...

Nigeria Will lose $1.3trn to ECOWAS-EU Partnership Agreement – MAN

Nigeria may lose up to $1.3 trillion in revenues if it signs the Economic Partnership Agreement, the Manufacturers’ Association of Nigeria has said. The EPA is a free trade deal between Economic Community of West African States and European Union. The Committee of Heads of State...