CBN to create special dollar reserve for manufacturers, airliners, fuel importers

The Central Bank of Nigeria (CBN) says it will offer dollar equivalent to address the backlog of matured foreign exchange obligations to critical sectors, mainly manufacturers, airline operators, fuel importers and those in agriculture businesses. According to the apex bank :”Authorised dealers’ accounts with the CBN will be debited in full for the naira equivalent…

Coca-Cola products manufactured in Nigeria safe – FG

The Federal Government has reassured Nigerians that the Coca-Cola products manufactured in Nigeria were safe for consumption. This is contained in a statement issued by Mrs Akinola Boade, the Director, Media and Public Relations, Federal Ministry of Health, on Friday in Abuja. She said the explanation followed a stakeholders meeting summoned by the Minister of……

Frustrated, Manufacturers threaten to drop support for govt policies

The Federal Government’s hope of getting the country out of recession in 2017 may hit a brick wall, if operators in the real sector carry out their threat of total withdrawal of support on policies not tailored at the survival of manufacturing industries in Nigeria. They have highlighted a number of conditions under which they…

RECESSION: MAN warns Nigerians to prepare for harder times beyond 2017

With the reality on ground, there is hardly any hope of Nigeria’s current economic recession recovering earlier than 2018; this is according to a finding by the Manufacturers Association of Nigeria (MAN). But, it stated that the situation could only change if government pays more attention towards restoring stability in the manufacturing sector, which has…

Patronize Made-in-Nigeria Vehicles, Saraki Urges Dealers

Innoson (IVM) is a Sports Utility Vehicle (SUV) Made in Nigeria Cars President of the Senate, Dr. Abubakar Bukola Saraki, has urged the Association of Motor Dealers of Nigeria (AMDON) to key into the Current campaign for the promotion of locally made goods through the purchase and sale of locally manufactured vehicles in the country….

Help Manufacturers Produce Quality Goods, Saraki, Abaribe Tell NESG

Senator Enyinnaya Abaribe and the Senate President, Dr. Abubakar Bukola Saraki, both advised the NESG to help manufacturers in the production of quality goods. Called on the discouragement of sub-standard goods in the market… Senate President, Dr. Abubakar Bukola Saraki, and Senator representing Abia South, Sen. Enyinnaya Abaribe, have advised the Nigerian Economic Summit Group…

Patronage Of Made In Nigeria Goods Best Panacea For Economic Recession

Senator Enyinnaya Abaribe displaying made in Nigeria goods to Senate President Bukola Saraki Senator representing Abia South District, Senator Enyinnaya Abaribe has commended the decision of the Nigeria Economic Summit Group (NESG) to shift attention to issue of promoting Made in Nigeria goods and said patronage of local producers of goods and services is the…