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...

Steel Importation: Manufacturers To Cut 20,000 Jobs   NO fewer than 20,000 jobs would be axed in the iron and steel sector if the Federal Government fails to address the influx of substandard galvanised roofing sheets into the country. The umbrella body in the sector, the Galvanised...

NEPC Kickstarts Certification Training For Manufacturers, Exporters   The Nigerian Export Promotion Council has commenced training on international certification for members of the Organised Private Sector in line with its Go Global, Go for Certification initiative. The council stated that this was aimed at enhancing global market...

Manufacturers Seek Steady Gas Price To Boost Production   The Manufacturers Association of Nigeria (MAN) has called on the Federal Ministry of Petroleum Resources to immediately address challenges encountered by manufacturers with the pricing of gas. The association noted that the average price of gas globally ranges...

As Electricity Supply Improves, Manufacturers Spend N43bn On Alternative Energy Source With electricity supply, particularly from the distribution companies remaining at an average of nine hours a day in the first half (H1) of 2018, local manufacturers’ expenditure on alternative energy source stood at N43.19...