Business

MTN launches initiative to address subscribers’ complaints over

  • 6th June 2026

Hybrid Motors secures $95m investment for EV plants

  • 5th June 2026

Grenada grants visa-free entry to Nigerian entrepreneurs, professionals

  • 5th June 2026

FG awards African quality mark to 131 Nigerian

  • 5th June 2026

Contact Info

Some Populer Post

Google to pay SpaceX $920m monthly for AI computing

Tech

OpenAI launches Lockdown Mode to shield ChatGPT from prompt

Tech

MTN launches initiative to address subscribers’ complaints over data

Business

Musk nears trillionaire status through SpaceX IPO

featured Life Style
  • Home
  • Manufacturers Association of Nigeria

Tag: Manufacturers Association of Nigeria

News

MAN forecasts worse performance for manufacturing sector in 2024 Q4

The Manufacturing Association of Nigeria has projected a bleak outlook for the country’s manufacturing sector in the fourth quarter of 2024. The Director General of MAN, Segun Ajayi-Kadir voiced concerns that current economic conditions offer no relief for manufacturers, who are grappling with increasing production costs and declining sales, according to The Punch. Ajayi-Kadir painted […]

News

Fuel price hike threatens SMEs survival, MAN warns

The Manufacturers Association of Nigeria has expressed concern over the recent increase in petrol prices, highlighting that Small and Medium Scale Enterprises are likely to face severe challenges. In an interview with the News Agency of Nigeria, the Director General of MAN, Mr. Segun Ajayi Kadir warned that the price hike could lead to significant […]

News

MAN urge CBN to resolve $2.4bn forex contracts

Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to resolve the $2.4bn foreign exchange forward contracts to avoid plunging the manufacturing sector into a crisis. This was disclosed in a statement by the Director-General of MAN, Segun Ajayi-Kadir on Thursday, according to The Punch. Ajayi-Kadir said that CBN seems to be breaking […]

MAN faults CBN's interest rate Hike
News

MAN faults CBN’s interest rate Hike

The Director-General of the Manufacturers Association of Nigeria, Mr. Segun Ajayi Kadir, has criticized the Central Bank of Nigeria’s recent decision to raise the monetary policy rate by 150 basis points. Speaking at a press conference in Lagos on Thursday, Ajayi-Kadir warned that this increase will exacerbate the already high cost of doing business in […]

Manufacturing sector's contribution to GDP drops to 8.42% in Q3
News

Manufacturing sector’s contribution to GDP drops to 8.42% in Q3

Bisola David The manufacturing sector’s actual GDP contribution to Nigeria fell to 8.42% in the third quarter of 2023. According to The Times, compared to the 8.62% contribution of the sector in the second quarter of 2023, this statistic is lower by 0.20%. The sector’s economic contribution was 8.59% in the quarter that compared to […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82% between 2014 and 2022,  from N25 billion to N144 billion excluding power from distribution companies. According to The Punch, this is based on information compiled from the Manufacturers Association of Nigeria’s annual and biannual reports. The documents state that manufacturers spent […]

Manufacturers warn price hikes to persist without solutions
Energy

How self-generated power costs manufacturers N144.5bn in one year

With the cost of self-generated power in the industry skyrocketing to N144.5 billion in 2022, up 87.13 percent from N77.22 billion in 2021, the near collapse of the public energy supply system has made doing business in Nigeria’s manufacturing sector more difficult. According to Vanguard, findings suggest that the problem might have gotten worse this […]

Energy

Manufacturers spend N425bn on alternative power

Manufacturers spent N425 billion on alternative energy sources such as gas, low-pour fuel oil, diesel, and petrol between 2017 and 2021, according to The PUNCH’s computation of energy expenditure of members of the Manufacturers Association of Nigeria, MAN, within the period. This does not include manufacturers’ expenditure on power coming from electricity distribution companies, popularly […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. The development comes over […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in