Post Tagged with: "MAN"

Reopen shut factories - MAN appeals to Sanwoolu

Reopen shut factories – MAN appeals to Sanwoolu

News December 27, 2024 at 3:04 pm 0 comments

    The Manufacturers Association of Nigeria (MAN) has urged the Lagos State Governor, Mr. Babajide Sanwoolu, to call for the immediate reopening of Coca Cola, Guinness and Peak Milk factories, closed the Lagos State Water Regulatory Commission (LASWARCO), over purported refusal to pay water abstraction fees imposed by the Commission.     The appeal was made by the association,Read More

How inflation, raw material costs, dipped manufacturers' confidence in food beverage, textile sectors in Q3, 2024 - Report

How inflation, raw material costs, dipped manufacturers’ confidence in food beverage, textile sectors in Q3, 2024 – Report

News December 9, 2024 at 1:35 pm 0 comments

  The challenges of inflation, high cost of raw materials, low government patronage and increase in imported products have continued to take their tolls on the nation’s manufacturing sector, as a recent report, released by the Manufacturers Association of Nigeria (MAN) revealed a drop in the levels of confidence of operators in five of the sectoral groups in the sector.Read More

Rising cost environment threatening over 2,500 member- companies - MAN

Rising cost environment threatening over 2,500 member- companies – MAN

News October 22, 2024 at 12:25 pm 0 comments

  Advocacy group, the Manufacturers’ Association of Nigeria (MAN) has said Nigeria’s high and rising cost environment has continued to shrink profitability and threaten the existence of  its over 2,500 industry-members.     The association’s President, Otunba Francis Meshioye, raised the alarm at the pre- 52ndAnnual General Meeting (AGM) media briefing of the association, held in Lagos, recently.    Read More

Fresh Price Hike: Manufacturing, SMEs may shut down - MAN, LCCI warn

Fresh Price Hike: Manufacturing, SMEs may shut down – MAN, LCCI warn

News September 5, 2024 at 6:30 am 0 comments

    The Manufacturers Association of Nigeria (MAN),  and the Lagos Chamber of Commerce and Industry (LCCI), have warned that the recent petroleum price hike may sound the death knell of the nation’s manufacturing sector, and force small businesses to shut down.     The two groups gave the warnings,  in separate  statements, issued  on Wednesday, in reaction to theRead More

Why CBN's non-redemption of $2.4b forex contracts poses great danger to manufacturing - MAN

Why CBN’s non-redemption of $2.4b forex contracts poses great danger to manufacturing – MAN

News August 15, 2024 at 5:45 am 0 comments

. The Manufacturers Association of Nigeria (MAN) has said the inability  of the Central Bank of Nigeria (CBN) to honour  the lingering $2.4billion worth of forward contracts remains a great threat to the nation’s manufacturing sector, since businesses in the sector now face the grim prospects of either shutting down or downsizing their operations, due to the financial disruptions theRead More