Manufacturers Push for DisCos Review Amidst Proposed Tariff Hike
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity...
MAN Calls for Electricity Tariff Reduction, Caution on GDP Rebasing
The Manufacturers Association of Nigeria (MAN) has reiterated its determination to push for a reduction in electricity tariffs while cautioning the Federal Government against politicising the planned Gross Domestic Product rebasing process.
MAN’s leadership, during its...
Unsold Finished Goods Now N1.24trn – MAN
The value of unsold finished goods inventory has surged by 42.93 percentage points in the first half of 2024, reaching 1.24 trillion against 869.37 billion recorded at the close of 2023, the Manufacturers Association of Nigeria (MAN) has...
We Lost N1.5trn To FX Crisis In Six Months – MAN
The Manufacturers Association of Nigeria (MAN) has said that its members have lost at least N1.5tn in the last six months to forex-related transactions.
The Director-General of MAN, Segun Ajayi-Kadir, made the disclosure in an...
In Six Months, Manufacturers Pay N607bn Tax – NBS
Taxes paid by manufacturers in 2023 increased by 115 per cent from N192bn in the first quarter, to N414.5bn in the second quarter.
A data collated from various Company Income Tax and Value Added Tax reports published...
Manufacturers’ Raw Material Imports Hit N8trn In Three Years
Manufacturers have spent at least N7.9tn to import raw materials in the past three years.
According to manufacturers, the high raw materials imports bill is due to operators’ decision to source foreign exchange from the parallel market...
