Nigeria Customs Suspends 4% FOB Levy on Imports Following Stakeholders’ Pushback
The Nigeria Customs Service (NCS) has suspended the implementation of the four percent Free-on-Board (FOB) levy on imports, as outlined ...
Tag: MAN
Manufacturer Warns Nigerian Government Against New Electricity Tariff Hike
The Manufacturers Association of Nigeria (MAN) has cautioned the federal government against any increase in electricity tariffs this year, warning ...
CBN Projects 4.17% GDP Growth in 2025 as Inflation and FX Reforms Take Shape
The Central Bank of Nigeria (CBN) has forecasted a 4.17% economic growth rate for 2025, driven by ongoing reforms and ...
60% of Manufacturers in North-East Shutdown Due to Unfavorable Business Environment – MAN
Stakeholders have called for improved data collection and targeted policies to integrate Nigeria’s informal sector into economic planning, while also ...
Five Multinationals Exit Nigeria as Economic Challenges Persist
As Nigeria celebrates fresh multi-million-dollar investments, the country is also witnessing a significant departure of multinational companies, driven by worsening ...
BOI Disburses N22.89 Billion to 29 Manufacturers Amid Economic Struggles
The Bank of Industry (BOI) has allocated N22.89 billion to 29 manufacturers as part of its efforts to support the ...
Industry Minister to Engage CBN Over $2.4bn FX Forward Contracts
The Minister of State for Industry, Senator Owan Enoh, has pledged to engage the Governor of the Central Bank of ...
Ogun Manufacturers Struggle Amid N350bn Unsold Goods and Forex Crisis
Manufacturers in Ogun State are grappling with severe challenges, including a stockpile of unsold goods worth N350 billion, driven by ...
Nigeria Targets Industrial Growth with New Bill on Raw Materials Export
The Raw Materials Research and Development Council (RMRDC) of Nigeria is collaborating with lawmakers to curtail the importation of raw ...
Manufacturers’ Unsold Inventory Rises By 357.6% To N1.24trn
Nigeria’s manufacturing sector is grappling with economic pressures as real output and capacity utilization saw slight dips in the first ...
