Manufacturers Association of Nigeria (MAN)

Business

Manufacturers Seek Cheaper Credit After CBN’s 350bp Rate Cut

Ogochukwu Onwaeze, THEWILL -
The Manufacturers Association of Nigeria (MAN) welcomed the CBN Monetary Policy Committee’s decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23 percent from 26.5 percent, but said the key issue for businesses was the cost of actual bank loans.
Business

Manufacturers Still Pay 32 Percent Interest as High Credit Costs Squeeze Industry

Ogochukwu Onwaeze, THEWILL -
According to data from the Manufacturers Association of Nigeria (MAN), the average interest rate administered to manufacturers fell to 32.1 percent in 2025, compared with 35.6 percent recorded in 2024.
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Latest News

BusinessJoy Onuorah, THEWILL -

China’s Chip Export Earnings Double as Trade Surplus Tops $1tn

Figures released by China's General Administration of Customs on Tuesday, November 10, show that semiconductor exports increased 111.1% in US dollar terms between January and October, while the physical volume of integrated circuits exported grew by only 3.2%.
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