Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals The Manufacturers Association of Nigeria (MAN) has stated its unsold manufactured goods have reached a record N1.24tn, as its unsold inventories increased by 357.57 per cent in the first half of 2024. MAN attributed this sharp...

Local Production Value Falls By N5.02trn Amid N577.61bn Unsold Goods       Local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that declining disposable income of consumers, as well as rising inflation, have worsened the woes of producers. With the economy witnessing...