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...
Low Govt Patronage Leaves Manufacturers with N1.04trn Unsold Stock
The Manufacturers Association of Nigeria (MAN) has reported that the gross value of unsold inventory in the manufacturing sector rose to N1.04tn in the first half of 2025, representing a 16.05 per cent increase from N896.2bn...
Manufacturing Imports Deepens Nigeria's Trade Deficit by N14trn
Nigeria’s manufacturing sector has sunk deeper into deficit, as imports of manufactured goods outpaced exports by more than N14tn in the first half of 2025. The latest data from the National Bureau of Statistics (NBS) highlight the...
