Business Hilights

Tracking Nigeria's Headline Business News Online

Manufacturers Association of Nigeria (MAN)

Deposit charge on cashless policy implementation anti MSMEs—MAN

…Says CBN acted without consultations The leadership of Manufacturers Association of Nigeria (MAN) has again, faulted sudden imposition of surcharge especially on cash deposits from N500,000, saying such unilateral policies will have negative impact on the Micro, Small and Medium…

Multiple taxation hitting factories in Ogun as FG ends tax holidays for Dangote, others

The leadership of Manufacturers Association of Nigeria (MAN), Ogun State chapter has raised an issue of urgent industry importance, decrying that time has come to end frivolous tax regimes in the state or factories will be forced to relocate forthwith….

Rice hits N20 in Lagos as MAN, others fear consequences of Benin border closure

Fact checks weekend on the impacts of partial closure of Nigeria-Benin border posts have revealed that price of rice, the most staple food in Nigeria has jumped from N15,000 it was before the closure to over N20,000 in parts of…

Danger: AfCFTA to make Nigeria Africa’s major export target—UI Report

Report of a new research commissioned by the Manufacturers Association of Nigeria (MAN) and conducted by the Centre for Trade and Development Initiatives (CTDI), University of Ibadan, has been released. According to the report, the current harsh production environment in…

FG’s Negligence of Eastern ports declined industrial activities in Rivers—Wike

The Rivers State Governor, Nyesom Wike, has linked the observed low industrial activities in the state especially Port Harcourt to the underdevelopment visited on Eastern ports by the federal government over the years. He said the current traffic pressures suffered…

Gas pricing: Put manufacturers under strategic industrial sector—MAN tells FG

The Gas Users’ Group of the Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government to save the sector by considering the group under the strategic industrial sector so that they can be competitive in using gas to…

States’ facing high de-industrialisation, manufacturing dying, MAN cries out

President of the Manufacturers Association of Nigeria (MAN), Engineer Mansur Ahmed, has made a startling revelation that since the narrow exit from recession, “most states were experiencing high de-industrialisation with almost half of its thriving manufacturing establishments becoming obsolete.” Giving…

MAN lists factors to frustrate production, sufferings if VAT is increased

The Director General of Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir has listed the possible economic realities and effect of likely hike in taxes, saying “In terms of misery index rating, low per capita income, heavily lopsided income distribution pattern,…

MAN’s 15% GDP target for sector depends on next govt’s policy focus—Expert

The new year target of driving Nigeria’s Gross Domestic Product (GDP) above the current 8.84 per cent to 15 per cent by the Manufacturers Association of Nigeria (MAN) has been seen by industry experts as a very tall order depending…

Bad roads jerk up haulage, logistics cost for manufacturers, says MAN, LCCI

The intractable drawbacks caused by bad port access roads and general failure in road infrastructure nationwide have jerked up costs of moving goods from ports to the factories. However, the Manufacturers Association of Nigeria (MAN), have faulted what if described…