Manufacturers to sustain production, seek reliefs from government
Nigerian manufacturers have assured the nation’s economic managers and the public of sustaining operations and scaling up the production of essential commodities as the Coronavirus pandemic leads to a partial lockdown in many parts of the country.
Reforms in real sector, agric needed to stimulate economy
Although latest data from the National Bureau of Statistics (NBS) showed that the Gross Domestic Product report for the 2019 fiscal year reflected an economy growing by 2.27 percent in 2019, operators in the real sector
MAN kicks as Nigeria’s priority products are omitted from AfCFTA’s sensitive, exclusive lists
Despite being a major market in the Economic Community of West African States (ECOWAS), local manufacturers have kicked against the exclusion of Nigeria’s priority products from the sensitive and exclusive lists...
Courts orders Shekarau, others to submit international passports
Justice Lewis Allagoa of the Federal High Court Kano on Monday struck out the 'no case submission' filed by former Kano State Governor Ibrahim Shekarau, Aminu Wali and Mansur Ahmed against the Economic and Financial Crimes Commission (EFCC). Besides, the court ordered the accused persons to submit their international passports and other relevant documents before…
‘Sustained lack of policy structure, harmony affecting economy’
After 100 days in office for his second term, some members of the organised private sector have described the nation’s economic policy space as one that remains unclear and fragmented within the arena of key public authorities and agencies.
‘Prolonged border closure will reduce capacities of manufacturers’
The Manufacturers Association of Nigeria (MAN) has stated that the recent border closure by the Federal Government would reduce capacities of manufacturers who depend on border trade to carry out their activities in the country.
Manufacturers want government to revisit industrial, backward integration policies
Local manufacturers in the country have charged the new Minister of Industry, Trade and Investment, Adeniyi Adebayo, to formulate a comprehensive industrialisation policy that would prioritise...
MAN, SON partner to curb illegal deals, import permit abuse
The Manufacturers Association of Nigeria (MAN) and Standards Organisation of Nigeria (SON) have partnered to curb illegal trade deals that might arise with the country’s signing of African Continental Free Trade Agreement (AfCFTA) by President Muhammadu Buhari.
Nigeria’s being meticulous about African free trade treaty, says president
President Muhammadu Buhari has declared that Nigeria would be guided by “national interest” in taking any decision on the agreement establishing...
At $8/kcf, manufacturers fret over increment, dollarisation of natural gas
With many manufacturers paying about $8/kcf (thousand cubic feet) for natural gas against the $3.77/kcf under the new gas pricing arrangement unveiled in the official gazette by the Federal Government, operators in the sector....