Tag: MAN

Manufacturing Association of Nigeria
Business

FG’s excise duty hike will cause job losses – MAN

The Manufacturers Association of Nigeria has expressed concern that the recent increase in excise duty for beverage and tobacco products will force businesses to reduce their operations, which may lead to the closure of factories, job losses, and a decrease in exports, among other negative consequences. According to The Punch, the President of MAN, Francis […]

Manufacturing Association of Nigeria
Business

Nigeria’s industrial employment dropped 21% in 2022 – MAN

The manufacturing industry in Nigeria, Manufacturers Association of Nigeria, experienced a fall in direct employment creation of 20.8 per cent in the second half of 2022. According to MAN’s most recent half-yearly evaluation of the economy, accessed by Business Day, manufacturing employment decreased to 6,741 down in the second half of 2022 from 8,508 and […]

President of the MAN, Francise Meshioye
Business featured

Naira scarcity disrupting businesses, manufacturers lament  

The Manufacturers Association of Nigeria has said the scarcity of naira has disrupted the proper movement of goods which is adversely affecting businesses. The Association’s president, Otunba Francis Meshioye, made this statement on Tuesday while he interacted with journalists in Lagos. According to The Punch, Meshioye said the scarcity of naira and resultant traffic on […]

President of the MAN, Francise Meshioye
Business

MAN tasks CBN on effective monetary system

The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to take on an effective monetary system to stop the hardship that is caused by the new naira design. This was stated on Tuesday by the President of the association, Francise Meshioye, at the Annual MAN reporter of the year award. According to […]

Kogi sues Dangote over Obajana ownership
Business News

Dangote, MAN kick as Kogi claims Obajana plant

  The Kogi State Government has stated that it will be willing to negotiate once Dangote Group admits that it doesn’t own the Obajana cement facility. According to The PUNCH, Governor Yahaya Bello said this on Thursday while presenting paperwork to support the state’s ownership claim to the plant. These papers are from the report […]

Energy

After spending over $8bn on Ajaokuta, Nigeria imports N837bn steel

Steelmakers are sceptical about the planned concession of Ajaokuta Steel Company Limited after Nigeria imported iron, steel, and metals valued at N837.761bn in the third and the fourth quarters of 2021. According to the National Bureau of Statistics, Africa’s most populous nation brought in basic metals, iron, and steel products with 6000mm in width, rolled, […]