Manufacturers Association of Nigeria (MAN)

Business

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

Ogochukwu Onwaeze, THEWILL -
Manufacturers paid an average 32.1 percent interest rate on loans in 2025, down from 35.6 percent in 2024. All major industrial sectors recorded average borrowing costs above 30 per cent during the year. MAN said easing inflation, energy...
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BusinessOgochukwu Onwaeze, THEWILL -

CNG Draws Over $2bn Investment as Nigeria Expands Gas-Powered Transport

According to the minister, the investment has supported the expansion of CNG refuelling infrastructure, vehicle conversion centres, technical capacity and other components required to drive nationwide adoption.
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