MAN Reports 35% Drop in Manufacturing Sector Investments   A report by the Manufacturers Association of Nigeria (MAN) has revealed that investments in the manufacturing sector contracted by 35.3 per cent in 2024. The sector endured a sharp contraction in real investment in the past year, as...

Nigeria’s manufacturing sector experienced a staggering decline in growth, as its year-on-year (YoY) nominal GDP

Manufacturing Sector Dominates Nigeria's Import Contributions with N3.9tn in Q3 of 2023   The manufacturing sector has topped the list of Nigeria's import contributions in the 3rd quarter of 2023. According to the National Bureau of Statistics (NBS) report, the manufacturing sector contributed the most to Nigeria's...

Oil & Gas, Manufacturing Sectors Get 55.5% of Loans in H1, 2023   Two sectors, Oil and Gas, and the manufacturing sectors dominated banks’ lending in the first half of the year, H1’23, accounting for 55.5 per cent of the N8.03 trillion increase in loans during...

Foreign Investments in Manufacturing Hit $861m   Total inflow of foreign investments into the Nigeria’s manufacturing sector increased by 88.17 percent year-on-year (YoY) to $861.16 million in the first half of 2023 (H1’23) from $457.66 million in the corresponding period of 2022 (H1’22). This also indicates 75.47...

Manufacturers Dismiss 3,567 Workers in H1, 2023 – MAN No fewer than 3,567 jobs were lost in the manufacturing sector in the first half of 2023 according to figures obtained from the Manufacturers Association of Nigeria (MAN). MAN disclosed this in its half yearly review of...