‘Why manufacturing sector under-performed in H1 2018’
Weak demand occasioned by low disposable income, high cost of production and over-regulation have been attributed as key reasons responsible for the weak performance of the nation’s manufacturing sector in the first half of 2018.
Local sourcing suffers setback on renewed importation, economic slowdown
Efforts to by the Central Bank of Nigeria (CBN), to encourage manufacturers to explore local raw materials for production by placing restriction on 42 items...
Lower PMI affirms manufacturers’ rising inventory concerns
Though production level continued to grow as well as new orders, rising inventory as indicated by the Manufacturers Association of Nigeria (MAN), may be responsible for the slower movement of the nation’s Purchasing Managers’ Index (PMI) last month.
‘Rising inventory, infrastructure undermine government intervention in manufacturing sector’
While some sub-sectors in the manufacturing industry are beginning to witness a turnaround in their fortunes owing to significant improvement in access to foreign exchange for purchase of raw materials, as well as allocation based on priority demands, others are struggling with rising inventory.
Rift between executive, legislature raises concern for economy, says MAN
Worried about the slow implementation of the budget, occasioned by rift between the executive and legislative arms of government, local manufacturers have warned on impending economic crisis that may arise from inertia in policy implementation.
Faltering growth affirms Nigeria’s oil dependence
Just because the nation’s oil sector lost its steam to the tune of four per cent, the non-oil sector, with its impressive 10-quarter high at two per cent, could not deliver the country from the pangs of economic slowdown.
‘Why Nigeria, others should develop local drug manufacturing capacity’
There is an urgent need to develop the pharmaceutical sector in Africa to reduce the continent’s dependence on imported pharmaceutical and medical products, says United Nations Economic Commission for Africa’s Soteri Gatera.
Checking unfair competition in Nigeria’s real sector with FCCP bill
Last year, the National Assembly passed the harmonised version of the Federal Competition and Consumer Protection Bill. When it receives the President’s assent and becomes law...
Manufacturers generate 13,000MW from alternative energy sources
With generated power insufficient to meet demands of local producers, manufacturers in the country have generated at least 13,000MW of electricity under its Independent Power Projects (IPPs) and micro grid platforms to meet their operational demands.
MAN kicks against Nigeria’s ratification of African free trade agreement
Nigeria's’ possibility of ratifying the free trade agreement –African Continental Free Trade Area (AfCFTA) - before the end of the 180 days deadline set by African Union (AU) member-countries, after the deal was signed on March 21, may suffer another setback as local manufacturers have dissociated themselves from the outcome of the consultations being presented…