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...

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...