31 stories found
Industrial firms in Nigeria continue to struggle with borrowing costs averaging 32.1 percent in 2025, even as broader monetary conditions ease. These high rates are severely impacting production and expansion plans across the manufacturing sector.
The Manufacturers Association of Nigeria (MAN) reports that manufacturers continue to face multiple taxes and levies, indicating that the new Nigeria Tax Act 2025 has not yet provided the expected relief.
The Manufacturers Association of Nigeria (MAN) has launched an Industrial Energy Adoption Programme aimed at reducing energy costs for manufacturers, backed by various partners including the Anambra Government and Norwegian financiers.
The Manufacturers Association of Nigeria (MAN) has cautioned that the nation's inflation will not subside unless structural reforms are implemented, urging government action to boost productivity.
Nigerian manufacturers are cautioning that policy inconsistency, multiple taxation, and regulatory friction are severely hindering industrial growth and increasing product costs.
The Lagos Chamber of Commerce and Industry (LCCI) has cautioned that the Senate's passage of the Sugar-Sweetened Beverage (SSB) Tax Bill could exacerbate challenges faced by Nigeria's manufacturing sector.
Nigerian manufacturers are increasingly switching to gas as an energy source to counter the rising costs of diesel, aiming to reduce production expenses and ensure more stable energy supply.
Nigerian manufacturers are expressing concern over the persistently low contribution of manufactured goods to the nation's export basket, despite a significant rise in total exports, attributing the issue to structural bottlenecks.
Nigerian manufacturers absorb inflationary pressures by reducing profit margins and improving efficiency to survive a challenging business climate. Read More:…
A new report indicates that Nigerian manufacturers are still contending with borrowing costs as high as 60%, which is negatively impacting investment and economic growth, despite the Central Bank of Nigeria's monetary policy easing.
The Manufacturers Association of Nigeria (MAN) has praised the United Nations Industrial Development Organisation (UNIDO) for its initiatives aimed at revitalizing Nigeria's manufacturing sector through global best practices.
Recent reporting covers how Nigerian manufacturers, aviation handlers, and labor unions are navigating updated local content mandates while advancing climate adaptation and workforce programs.
Manufacturers' confidence in Nigeria's business environment saw a rebound in the second quarter of 2026, buoyed by expectations of improved government policies and a more favorable operating climate, despite ongoing challenges like high borrowing costs and power issues.
The Manufacturers Association of Nigeria (MAN) has urged for urgent tax harmonization, improved infrastructure, reliable energy supply, and a predictable regulatory environment to strengthen the country’s manufacturing sector.
Manufacturers in Nigeria are increasingly selling products below production cost in a desperate attempt to clear nearly N2 trillion worth of unsold inventory, highlighting severe cost pressures and weak consumer demand.
The Manufacturers Association of Nigeria (MAN) has criticized a proposed plastic waste control regulation, arguing it could lead to deindustrialization and significant job losses.
Nigerian manufacturers have significantly increased their expenditure on alternative energy sources, spending N1.34 trillion in the past two years. This surge reflects efforts to mitigate the impact of economic reforms and unreliable power supply.
Nigerian manufacturers are being advised on strategies to effectively tap into Africa's single market, aiming to boost regional trade and economic integration.
The Manufacturers Association of Nigeria has criticized the World Bank's recommendation for Nigeria to reinstate petrol import licenses, a measure suggested to stabilize fuel supply amidst the Middle East crisis.
Nigerian set-top box manufacturers are urging a review of the Digital Switch-Over process, advocating for policy adherence and support for local industry.
The Manufacturers Association of Nigeria Export Group (MANEG) has voiced concerns over the Central Bank of Nigeria's (CBN) policy excluding non-oil exporters from certain export proceeds repatriation.
Nigerian manufacturers are expressing concerns as increasing credit and production costs threaten their recovery efforts.
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to reduce lending rates to below 20% to stimulate growth in the manufacturing sector and improve access to credit.
CFG Advisory states that Nigeria needs a coordinated industrial growth strategy beyond macroeconomic reforms to unlock investment and accelerate economic expansion in the manufacturing sector.
Nigerian manufacturers are increasingly focusing on local sourcing and value addition as a strategy to reduce reliance on imported inputs and combat rising production costs. This move aims to enhance their competitiveness within the market.
The Manufacturers Association of Nigeria (MAN) has warned that proposed significant increases in excise duties on sugar-sweetened beverages (SSBs) could jeopardize 33% of manufacturing output and 1.5 million jobs.
Nigerian manufacturers are struggling with rising energy costs, taxes, foreign exchange expenses, and insecurity, leading many to switch from diesel to gas for power generation.
The Abuja Chamber of Commerce and Industry (ACCI) is encouraging Nigerian manufacturers to take advantage of China's zero-tariff policy to boost exports and economic growth.
The chairman of Zobis Cable visited Innoson Motors to advocate for a partnership between the two companies, aiming to boost collaboration among indigenous Nigerian manufacturers.
The Manufacturers Association of Nigeria (MAN) has warned that escalating geopolitical tensions in the Middle East, particularly the US-Iran conflict, pose severe risks to Nigeria’s manufacturing sector. MAN has outlined urgent pathways to safeguard local industries from these multifaceted risks.
Nigerian manufacturers are cutting production as the electricity supply plunges due to gas shortages, forcing a costly reliance on alternative power source Read More: https://punchng.com/manufacturers-cut-output-as-electricity-supply-plunges/