Beer, other alcoholics yet to see any increase in retail prices 1 week after tax hike
More than one week after the effective implementation of a new excise duty regime on alcoholic beverages and tobacco products, market price sampling weekend showed that prices of related products remained intact. It would be recalled that the new tax…
AFBTE lists four key manufacturing drawbacks shocking industrial productivity
The leadership of the Association of Food, Beverage and Tobacco Employers (AFBTE) has listed four major challenges that have been impacting on the expected rise in their industrial performance and ease of doing business in Nigeria. Explaining issues in his…
MAN cries out, says low purchasing power of Nigerians pushing up unsold goods inventory
The leadership of the Manufacturers Association of Nigeria (MAN) has opened up on the current challenge that is frustrating the sector since the exit of Nigeria from recession. Members of the group are now decrying the growing inability of Nigerians…
AfCFTA crafted to erode untapped Nigerian markets by smarter Africans—OPS
…As 44 African heads of states ink treaty in Kigali Following the failed signing of the African Continental Free Trade Area (AfCFTA) treaty, by President Muhammadu Buhari which can be observed from his absence at the AU meeting in Kigali,…
Delays in clearing cargoes at ports rising despite PEBEC’s intervention—NACIMMA
The President of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACIMMA), Mrs. Alaba Lawson, has decried the endless rise in costs of doing business at Nigerian ports despite the activities of the Presidential Enabling Business Environment Council…
Don’t sign African Continental Free Trade Area Treaty, MAN, AON tell FG
For fear of losing traffic and associated industry advantages, the Airline Operators of Nigeria (AON) has called on the Federal Government not to sign the African Continental Free Trade Area treaty (ACFTA). The continental deal which is expected to facilitate…
MAN, NECA raise alarm over new 0.5% tax for Competition/Consumer Protection
At a time the International Monetary Fund (IMF) has revealed that Nigerians are getting poorer by the day due to rising cost of essential commodities and dearth of business supporting infrastructures, the Manufacturers Association of Nigeria (MAN) has joined forces…
Osinbajo to declare open, Nigeria Manufacturing and Equipment Expo2018 in Abuja
Plans are currently receiving finishing touches ahead of the Nigeria Manufacturing and Equipment (NME) Expo 2018 billed for Abuja in few weeks time. According to arrangements, there are also 100 CEO’s of leading manufacturing companies attending the co-located CEO Forum…
MAN discussing with FG on taking power directly from Gencos— Ajayi-Kadiri
A new power distribution template that will bypass Distribution Companies (Discos) and link electricity directly from generation Companies (Gencos) to members of the Manufacturers Association of Nigeria (MAN) is being presently worked out. In an interview, the Director General of…
Horrible port access roads pushes cargo haulage from N50,000 to N350,000—Nebe
More reasons have emerged on why costs of imported goods are rising by the day in Nigeria. In an interview, the managing director of Pharmatex Group, Prince Christopher Obiora Nebe said “Doing business in Nigerian ports has been terrible. Everywhere…
