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Manufacturing grew by 36.9 per cent in 2013, says MAN

Massive  investments in the last two years, stability in macro-economic indices and various government incentives channeled towards the manufacturing sector resulted in improved performances recorded in the sector at the end of 2013, the Manufacturers Association of Nigeria (MAN) has said. MAN, in its economic review for 2013  said manufacturing output increased by about 36.9 per cent, as against 19 ...

 Manufacturers’ unending woes

The Boko Haram insurgency has added to the economy’s problem.  It has killed local manufacturing, especially Small and Medium Scale Enterprises (SMEs). There are fears over its consequences for investment and job creation. CHIKODI OKEREOCHA and OKWY IROEGBU-CHIKEZIE report For the Managing Director, Spectra Industries Limited, makers of Suco beverages, Mr. Duro Kuteyi, these are trying times. The industrialist and ...

 

LCCI urges CBN governor to reduce interest rate

The Lagos Chamber of Commerce and Industry (LCCI), has called on the new Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, to focus on the reduction of the high interest rate to stimulate growth and job creation. Commending the governor on his appointment, LCCI President, Alhaji Remi Bello noted that the adverse consequences of persistent credit squeeze and high ...

 

Cement war gets messier

A new policy by the Standards Organisation of Nigeria (SON) restricting certain categories of cement to specific uses has set cement manufacturers on a war path. Dangote Cement Plc endorsed the new classification, insisting that adopting the higher 42.5 grade cement as the standard product will reduce buildings collapse. But other manufacturers are literally up in arms against the policy. ...

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