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Tag: MAN

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MAN warns 15% port charge hike will fuel inflation

The Manufacturers Association of Nigeria has criticized the proposed 15% increase in port charges, warning that it will raise production costs and worsen inflation. This follows the hike last week by the Nigerian Ports Authority, citing the need to improve competitiveness and infrastructure. In a statement released on Sunday, MAN’s Director General, Segun Ajayi-Kadir, argued […]

News

Miners warn FG’s rate hike could drive them out of business

The Miners Association of Nigeria has strongly criticized the federal government’s recent increase in mining rates and royalties for solid minerals, warning that it could drive local miners out of business. MAN’s National President, Dele Ayankele, expressed these concerns in response to the hike reported by the News Agency of Nigeria. He emphasized that stakeholders […]

News

North-East manufacturers shut down due to insecurity – MAN

The Director General of the Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, has revealed that between 56% and 60% of businesses of the association’s members in North-East Nigeria have been shut down by insecurity. This was disclosed by Ajayi-Kadir during an interview on Channels Television on Saturday. Ajayi Kadir complained that insecurity has hurt businesses, […]

News

Multiple tax threatening participation in AfCFTA – MAN

The Manufacturers Association of Nigeria has said that multiple taxation is exerting influence on the operations of manufacturers in the country and their participation in the African Continental Free Trade Area agreement. This was disclosed by the Director General of MAN, Segun Ajayi-Kadir, at the closing of the 26th Annual Tax Conference of the Chartered […]

MAN calls for regulations to protect manufacturers, consumers
News

MAN calls for regulations to protect manufacturers, consumers

The Manufacturers Association of Nigeria is calling for fair regulatory frameworks to protect the interests of both consumers and manufacturers. Ajayi-Kadir, the Director General of MAN, emphasized the importance of equitable protection for both parties in light of a recent social media incident involving Erisco Foods and a dissatisfied customer, Mrs. Chioma Egodi, who criticized […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers warn price hikes to persist without solutions

Manufacturers Association of Nigeria says product price increases are unlikely to halt in the absence of a corresponding plan to reduce the skyrocketing costs of manufacturing. This was said by the association’s director-general, Segun Ajayi-Kadir, during a recent media debate with reporters according to The PUNCH. The MAN DG bemoaned the regular increases in the […]

FX payments rose to $1.3bn in February - CBN
Economy

Factories may shutdown if FX crises persists – MAN

By Melvin Onwubuke The Manufacturers Association of Nigeria has said that many factories may shutdown operations amidst the lingering foreign exchange crises. This follows the statement of the Director General, Mr Segun Ajayi-Kabir in a recent interview on AIT. He disclosed that manufacturers could not access up to 20 per cent of their forex needs […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers cut back on purchase orders over economic crisis

The President of the Manufacturers Association of Nigeria’s Chemical and Pharmaceutical sector, Rotimi Aluko, has stated that the challenging business climate in the country has compelled certain manufacturers to cease operations, while others have been forced to reduce procurement orders. According to The Punch, he revealed this during the group’s Tuesday annual general meeting in Lagos. […]

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Nigeria is finished if manufacturing sector dies, MAN warns

    The Manufacturers Association of Nigeria has criticized the Federal Government’s decision to lift a ban on the importation of 43 specific items into the country, a move previously restricted by the Central Bank of Nigeria for eight years. These items encompass essentials such as rice, cement, margarine, palm kernel, palm oil products, vegetable […]

Manufacturers warn price hikes to persist without solutions
Business

MAN urges manufacturers to adopt technology

The Manufacturers Association of Nigeria has urged the real-estate sector to embrace innovative and disruptive technologies in order to remain competitive. The Punch stated that this was recently revealed by the association’s president,  Francis Meshioye, during a press conference to kick off this year’s Nigeria Raw Materials and Manufacturing Equipment Expo. “We must harness these innovations to foster self-sufficiency in […]

Manufacturers warn price hikes to persist without solutions
Business

MAN laments increasing manufacturing costs

The Manufacturers Association of Nigeria has stated that the manufacturing industry is under severe threat from the increasing rise in production costs. The MAN President, Francis Meshioye, made this know on Wednesday during the its pre-Annual General Meeting press briefing in Lagos The 51st Annual General Meeting of the Association will be held in Lagos […]

African refiners to use single petrol grade by 2030 - ARDA
Business

African refiners to use single petrol grade by 2030 – ARDA

The Executive Secretary of the African Refiners and Distributors, Anibor Kragha, has stated that in 2023, all African refiners will be required to adopt a single fuel grade. According to The Times, he made this statement at the World Petroleum Congress which was recently held in Calgary, Canada. He claimed that ARDA is seeking to […]