CBN Loan To Manufacturer, Power Firms Soars To N5.6trn   The Central Bank of Nigeria (CBN) intervention in the power, manufacturing and aviation sectors have risen to N5.6tn in three years. The soft loans were advanced amid the continued and varied challenges facing the key sectors of...

Manufacturing Output Declines By N720bn - MAN The Manufacturers Association of Nigeria (MAN) has said due to a harsh economic environment, the value of manufacturing production decreased from N7.39tn in 2021 to N6.67tn in 2022, indicating a decline of N720bn. The Chairman, MAN, Apapa branch, Frank...

Manufacturers Tax Payments Rise to N62bn in Q1 2023 – NBS The Company Income Tax that manufacturers paid rose by 29 per cent to N62bn in the first quarter of 2023 from N44bn in the same period last year, according to reports published by the...

FG Considers Special FX Window For Manufacturers   The Federal Government has said it will begin steps towards creating a separate and special foreign exchange window for exporting manufacturers. The Minister of Trade and Investment, Niyi Adebayo, dropped the hint during the Manufacturers Association of Nigeria Export...

Fed Govt Pledges Increased Forex Sale To Manufacturers   The Federal Government through the Minister of Industry, Trade and Investment, Niyi Adebayo, has assured manufacturers of its support to enable them to get good returns on their investments. The minister, who gave the assurance while playing host...

Manufacturers Owe Banks N3.71trn, Borrow N520bn In Eight Months   Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N3.71tn as they borrowed N520bn from January to August. Banks’ credit to the sector by 16.3 per cent in the eight-month period...