Manufacturers Eyes Lower Lending Rates After CBN Rate Cut   Manufacturers have called on commercial banks to reflect the reduced Monetary Policy Rate in their lending rates, as they welcomed the Central Bank of Nigeria’s decision to cut the benchmark rate to 23 per cent. They described...

Nigeria Spends N578.5bn On Textile Imports In H1   Nigeria imported textiles and textile articles worth N578.51 billion in the first six months of 2026, reflecting continued pressure on the domestic textile industry as stakeholders push for stronger support for local production. Latest data released by the...

Employers Kick Against FG’s Proposed Pension Contribution Hike   The Organised Private Sector of Nigeria (OPSN) has expressed deep concern over the recent announcement by the Director-General of the National Pension Commission (PenCom) regarding a proposed increase in mandatory pension contributions and the introduction of an...

Crude Shortage Stalling Nigerian Refineries – MAN   The inability of local refineries to secure enough Nigerian crude oil is threatening the country’s push for energy security and lower fuel costs, and setting off warning bells from manufacturers and business leaders. The Manufacturers Association of Nigeria (MAN)...

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.