Poor Transportation, Port Facilities, Power Killing Nigeria’s Manufacturers – Adesina   The President of the African Development Bank Group, Dr. Akinwumi Adesina, says the lack of stable electricity in Nigeria is killing industries in the country, adding that based on an International Monetary Fund report, about...

LCCI Demands One-year Tax Holiday For Healthcare Firms, Manufacturers   Given the devastating blow coronavirus has dealt businesses in the past five weeks, business owners in the country have demanded one-year tax break among others from the government to enable them to recover. This was contained in...

Manufacturers, Others Spend N119bn On Self-generated Electricity   Members of the Organized Private Sector in Nigeria (OPSN) have kicked against the suspension of the proposed hike in electricity tariff stating that any increase in tariff will reinforce the already high cost of doing business for the...

Manufacturers Generate N1.67trn From Exports In 9 Months   Between January and September 2019, manufacturers earned a total of N1.67tn through exports of manufactured products. The N1.67tn was arrived at based on compilation of figures from the foreign trade in goods statistics report which was obtained from...

In Five Months, Manufacturers Receive N459.69bn Of N1.169trn Loans — CBN   Following the loans to deposition ration policy recently announced by the Central Bank of Nigeria (CBN), aggregate deposit money banks’ lending to the real sector has peaked N1.169trn in five months as the manufacturing...

Loans: Govts, Oil Firms, Manufacturers Borrow N8.24trn From Banks The oil and gas sector, governments and manufacturers account for the large chunk of loans from Nigerian banks as of the end of March this year. The total loans given to the oil and gas, manufacturing sectors...