MANUFACTURING

President Muhammadu Buhari will on Monday (tomorrow0 commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barrels per...

  as experts carpets FG of misleading health justification against economic Realities   Barely two weeks after the Sectoral Group of the Manufacturers Association of Nigeria raised a discomforting alarm over strong indications that the Federal Government is planning a proposed additional 20 percent Ad-Valorem Excise Tax on the Carbonated...

The President of the Senate, Ahmad Lawan has assured the manufacturers of non-alcoholic beverages in Nigeria that the National Assembly will address their concerns with respect to the implementation of the Finance Act 2022. The Finance Act 2022, among other things, imposes 10 percent tax on non-alcoholic beverages. Top officials...

The Carbonated Soft Drinks Sub-Sector of the Manufacturers Association of Nigeria has raised an alarm over the Federal Government’s proposed 20 per cent Ad-valorem Excise Tax on Non-Alcoholic Beverages which covers the widely consumed Carbonated Soft Drinks segment. The sectoral group heads rising from a meeting on Thursday 17th November...

The Manufacturing Association of Nigeria (MAN) has faulted the recent increase of the Monetary Policy Rate (MPR) and Cash Reserve Requirement (CRR), by the Central Bank of Nigeria (CBN), stressing that it portends tougher times for the nation’s manufacturing sector. The Monetary Policy Committee (MPC) of the CBN in Communique...

  President Muhammadu Buhari on Tuesday said the Federal Government has disbursed a total of N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans. Buhari said the loan was to expand the capital base of pharmaceutical manufacturers and boost local production of medicines and medical consumables. Buhari disclosed...

  The Manufacturers Association of Nigeria (MAN) on Monday called on the Federal Government to monitor the effective implementation of Executive Order 005, to engender Nigeria’s self-reliance and ensure global competitiveness. President of MAN, Mr Mansur Ahmed, made the call at the opening ceremony of the association’s  3-day Made-in-Nigeria Exhibition...

The Coca-Cola System in Nigeria, comprising Nigerian Bottling Company (NBC) Ltd and Coca-Cola Nigeria Ltd., says it will invest N560 billion in five years in Nigeria. The Managing Director of NBC, Mr Mathieu Seguin, said this on Thursday in Lagos, during a news conference to flag-off activities marking the company’s...

MAN seek end to tax collection concerns The Manufacturers Association of Nigeria (MAN) has charged the federal and state governments to find a mutually acceptable way forward on the collection of tax to address anxiety and confusion in the business community. Mr Segun Ajayi-Kadir, Director-General, MAN, gave the charge in...

 The Manufacturers Association of Nigeria (MAN) and the United Nations Industrial Development Organisation (UNIDO) have formed a partnership to drive the implementation of Industrial Energy Efficiency(IEE) and Resource Efficiency and Cleaner Production (RECP). The partnership was brokered at a workshop in Lagos on Tuesday themed: “Improving Nigeria’s Industrial Energy Performance...