MANUFACTURING

  The Manufacturers Association of Nigeria (MAN) has advised the Central Bank of Nigeria (CBN) to provide foreign exchange for manufacturers to boost their productivity. Dr Wale Adegbite, a former Chairman of MAN, Ogun Chapter, gave the advice in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun...

 The Nigerian Economic Summit Group (NESG) has said that certain clear-cut actions by the Federal Government were crucial to attracting significant investment in the manufacturing sector. The NESG said this in its May 2021 report, published on Thursday and titled: ” Sectoral Reforms and Investments in Nigeria: A Focus on...

  The Manufacturers Association of Nigeria (MAN), Edo/Delta Chapter says it will sensitise its members to the need to apply for the Federal Government N50 billion Export Expansion Facility Programme (EEFP).Mr Okwara Udensi, Chairman of the chapter said this in an interview with the News Agency of Nigeria (NAN) in...

The Manufacturing Association of Nigeria (MAN) has tasked the government to boost the manufacturing sector to make it compete favourably in Africa, especially with the takeoff of the African Continent Free Trade Agreement (AFCFTA). The President of MAN, Mr Mansur Ahmed, represented by Mr Samuel Kolawole, the Vice President, MAN...

The Sustainable Use of Natural Resources and Energy Finance (SUNREF), an international funding facility, has urged manufacturers to take advantage of its facility and technical assistance for projects development. The News Agency of Nigeria (NAN) reports that the funding facility comprises 70 million dollars low-cost debt financing and 11 million...

Nigeria’s manufacturing sector contracted in December after scraping a weak recovery in November, the Central Bank of Nigeria (CBN) revealedin its Purchasing Managers Index Survey Report for December, 2020 issued on Thursday. “The Manufacturing PMI in the month of December stood at 49.6 index points, indicating a contraction from the...

 BUA Cement Plc on Tuesday notified the Nigerian Stock Exchange (NSE), shareholders and the investing public of its plans to build three additional production lines in Adamawa, Edo and Sokoto states. The company disclosed this in a notice titled, ‘Notification of Capacity Expansion’, posted on the NSE’s website and signed...

The Manufacturers Association of Nigeria (MAN) on Friday said members were losing their share of the African manufacturing industry to other countries on the continent on a daily basis on account of closure of Nigerian land borders. MAN president, Mansur Ahmed, disclosed in a statement titled ‘MAN’s Position on the...

solicit for two-year moratorium Operators in the Nigerian pharmaceutical industry have commended the Central Bank of Nigeria (CBN) for the disbursement of the N100 billion Health Sector Intervention fund. Speaking at a virtual conference organised by the Finance Correspondents Association of Nigeria (FICAN) in Lagos on Tuesday, pharmaceutical industry stakeholders...

The country’s Purchasing Managers Index (PMI) for the manufacturing sector which started contracting in May continued its deceleration to October according to the Central Bank of Nigeria (CBN). The statistics department of the CBN disclosed in its ‘Purchasing Managers’ Index survey report for October, that this contraction hit the sixth...