Manufacturing Credit Drops by N1.92trn as Funding Gaps Widen   The Manufacturers Association of Nigeria (MAN) has blamed the sharp decline in credit to the manufacturing sector on the Federal Government’s failure to implement the promised N1tn Manufacturing Stabilisation Fund, high lending rates, structural bureaucracy and...

The Manufacturers Association of Nigeria (MAN) has warned of mounting financial pressure after bank credit to the sector fell by ₦1.92 trillion, dropping from ₦8.53 trillion in December 2024 to ₦6.61 trillion in December 2025.

Naira-for-Crude, Tax Reforms Can Revive Industries — MAN   The Manufacturers Association of Nigeria (MAN) has said that recent government interventions, including the Naira-for-Crude initiative, the Nigeria Industrial Policy, withholding tax exemptions, expanded VAT deductibility on fixed assets and services, phased reductions in Companies Income Tax,...

Banks' Credit to Manufacturers Declines by 20% to N60.4trn   Nigerian deposit money banks disbursed a total of N60.35tn in credit to the manufacturing sector in the first nine months of 2025, a 20.44 per cent decline from the N75.86tn recorded in the corresponding period of...

MAN Pushes for Local Raw Material Sourcing to Boost Economy   The Manufacturers Association of Nigeria (MAN) has called for improved sourcing of local raw materials and deeper backward integration across industries, following recent Central Bank of Nigeria data that the non-metallic and food, beverage and...

BAT Nigeria Recognised as Top Exporter, Generates $300m   British American Tobacco (BAT) Nigeria has been lauded for its significant contribution to Nigeria’s manufacturing sector, having generated over $300m in export sales between 2022 and 2024, the company announced at the 53rd Annual General Meeting of...