Tag: Manufacturers
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Manufacturers hold AGM in Enugu, suggest ways to revive Nigeria’s ailing economy
Stakeholders in the manufacturing sector have called for urgent investment and strategic support to revitalise Nigeria’s economy through non-oil exports. The appeal was made at the 36th Annual General Meeting of the Manufacturers Association of Nigeria (MAN), Anambra/Ebonyi/Enugu Chapter, held in Enugu on Friday, themed “Revitalising Nigeria’s Economy Through Manufacturing-Driven Non-Oil Export.” Chairperson of the…
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Manufacturers react to introduction of N10 excise duty by FG
Manufacturers react to introduction of N10 excise duty by FG
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Nigerian manufacturers lament over N420b unsold goods in Q1 2020
The Manufacturers Association of Nigeria (MAN) has expressed concerns over its overall inventory of unsold products worth N420 billion for the first quarter of 2020. Its acting Director-General, Mr Ambrose Oruche, made this known in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos. Oruche attributed the high amount of unsold…
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CBN orders banks to offer loans to agric, manufacturers at nine per cent
The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and manufacturing sectors, its Director of Banking Supervision, Abdullahi Ahmad, has said. Speaking on Thursday at the end of the Bankers’ Committee meeting in Lagos, Ahmad said the outlook for the economy in 2018 is…
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Manufacturers chide banks for forex racketeering
Manufacturers under the aegis of Manufacturers Association of Nigeria, MAN, have accused commercial banks in the country of engaging in foreign exchange racketeering, which has been fuelled by acute shortage of hard currency in the economy. The manufacturers also called for the immediate review of the forex policy of the Central Bank of Nigeria,…