Manufacturers lament return of congestion to Lagos ports
Manufacturing firms under the aegis of the Manufacturers Association of Nigeria (MAN) lamented the return of congestion to the gateways of the country's busiest seaports.
Manufacturers to leverage $81m renewable energy fund to bridge gaps
With the country's energy deficit estimated to range between 30GW and 175GW, even though a large percentage of the demand is from the industrial sector, local manufacturers...
Teething problems slow AfCFTA take-off
While some top African economies have already freighted their first cargoes under the African Continental Free Trade Area (AfCFTA), Nigeria continues to await the release of the list of liberalised goods by the National Action Committee, one month after implementation commenced.
'Nigeria’s manufacturing sector still struggling to survive’
Despite the ability to take millions of people out of poverty by way of providing employment opportunities while also creating wealth, the President, Manufacturers Association of Nigeria (MAN), Mansur Ahmed, has said the nation’s manufacturing sector is gasping for breath.
To save manufacturing from total collapse
The concern by the Manufacturers Association of Nigeria (MAN) on the need for a special intervention to keep the country’s industries alive, in the midst of economic recession and the effects of COVID-19 pandemic...
GDP, production rise as manufacturers stockpile for Yuletide amid forex challenges
Notwithstanding the challenges faced by local manufacturers in accessing foreign exchange for raw materials, production activities in the manufacturing sector regained some momentum as local manufacturers prepare for consumer demand during the Yuletide.
MAN reiterates push for border re-opening as trade suffers
With the Federal Government proposing to re-open the land border, the Manufacturers Association of Nigeria (MAN) has argued for the review of the decision, in line with the demand of the economy and the core objective...
Dangote to partner research institutions on job creation
Dangote Group has said it will partner research institutions to advance indigenous technology and protect jobs. Group Executive Director, Dangote Group, Mansur Ahmed, pledged during a study tour of the Research and Development Steering Committee of Tertiary Education Trust Fund (TETFUND) at Dangote Refinery located in Ibeju-Lekki, Lagos. Ahmed said collaboration among government, academia…
Depressed production activities raise concerns on economic recovery
Local producers have expressed concerns about the pace of economic recovery as manufacturing sector’s Purchasing Managers’ Index (PMI) for the month of September stood at 46.9 index points, indicating contraction in the sector for the fifth time.
Manufacturers worry about rising inflation, access to forex for raw materials
Local manufacturers have expressed concerns about rising inflation in Nigeria, considering that prices are further spiked by challenges in supply chains, occasioned by the inability to access foreign exchange for the importation of critical raw materials.
Inventories hit N402 billion amid weakened purchasing power, forex concerns
Despite struggling to access foreign exchange to secure raw materials, local manufacturers have decried the rising level of inventory, especially for unsold manufactured goods, adding that weakened disposable income of consumers has worsened the situation.