MAN reviews PMI, says teething challenges of 2018 still unresolved
Latest multi-sectoral reviews of the Purchasing Managers’ Index (PMI), by the Manufacturers Association of Nigeria (MAN), performance across the sectoral groups have shown that not notable improvements have surfaced on critical manufacturing drawbacks. The report averred that upon marginal support…
MAN insists energy cost still on the high side as FG claims rise in supplies
Whereas latest statistics from the Manufacturers Association of Nigeria (MAN), especially expenditure on alternative energy sources in the sector stood at N43.19 billion H1 2018, the federal Government has continued to claim that power supplies are on the increase nationwide….
Dangote Group’s Ahmed Mansur steps in as MAN president, hails FG’s EO03
New President of Manufacturers Association of Nigeria (MAN), Mr. Ahmed Mansur, has hailed the federal government on its courage to introduce strategic Executive Orders (EOs) especially, Order 003. Mansur, who is also an Executive Director, Dangote Industries Ltd., observed that…
More crisis for manufacturers as consumer price for diesel jumps by 5.99%
Strong indications have emerged revealing that the organized private sector operators and mainly production entities in the economy will continue to spend more in powering their power generating sets as the average price paid for automotive gas oil (AGO), otherwise…
‘Latest NBS, MAN reports not salutary for signing AfCTFA’
More reasons why the federal government may not hurriedly sign the African Continental Free Trade Area (AfCTFA) have emerged as the Statistician-General of the Federation and Director General of National Bureau of Statistics (NBS), Dr. Yemi Kale, has revealed that…
Confusion as UI, Afreximbank reports clash on gains of AfCFTA to Nigeria
Just as an analytical comparison study conducted by a professor of Economics at the University of Ibadan (UI) and the Chairman, Centre for Trade and Development Initiatives (CTDI), Bodija, Ibadan, Ademola Oyejide, has concluded that Nigeria would be a bigger…
Zero per cent growth rate in manufacturing sector worrisome—DG LCCI
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, and other industry players, who reviewed the executive summary of the 2017 economic review released by the Manufacturers Association of Nigeria, have confirmed that the manufacturing…
Bureaucracy, hard conditions frustrating access to textile Intervention fund—MAN
Clear reasons have emerged on why several years after the institution of N500bn textile Intervention fund, only limited number of industries has access the facility domiciled at the Central Bank of Nigeria (CBN). In an interview, the Director General of…
We never agreed to Nigeria’s ratification of African free trade agreement—MAN warns
Ahead of any possibility of the Federal Executive Council (FEC) approving the controversial the ratification of the African Continental Free Trade Area (AfCFTA), the Manufacturers Association of Nigeria (MAN) has dissociated self from any form of understanding or agreement to…
How backward integration by manufacturers boosted job creation—MAN Report
A new report released by the Manufacturers Association of Nigeria (MAN) has revealed that forex crisis-driven backward integration in sourcing of raw materials in 2017 has created more jobs year-on-year. The report averred that figures from the various surveys conducted…
