A year after the agreement establishing the African Continental Free Trade Agreement (AfCFTA) was presented for signature, along with the Kigali Declaration and the Protocol on Free Movement of Persons, Right to Residence and Right to Establishment, implementation of the agreement remains delayed over the inability to achieve required number of ratifications. Twenty-two (22) ratifications […]
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Manufacturers Association of Nigeria
MAN cautions FG against VAT increment
The Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate incremement was unfriendly to the manufacturing sector. The Director-General of the association, Mr Segun Ajayi-Kadir, made the remarks in Lagos, in spite of the rebuttal from the Federal Inland Revenue Service (FIRS) on the issue. Ajayi-Kadir also said the proposed VAT increment […] …
Poor allocation to agric poses danger to economy-OPS
Some members of the Organised Private Sector have said that the reduction in the budgetary allocation to the agricultural sector compared to 2018 would further contract the growth of the nation’s fragile economy. Speaking in an interview with The Nation, the President of the Manufacturers Association of Nigeria (MAN) Ahmed Mansur decried the reduction in […] …
Brace up for 2019 election disputes, CJN charges Judges
Godwin Tsa, Abuja The Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, has charged Judges to brace up ahead of the avalanche of electoral disputes that might flood the courts as a fall out of the forthcoming general elections. The CJN gave the charge, on Tuesday, in Abuja, while administering the oath of office on […]
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Expect tough Q1, MAN boss warns
The President of the Manufacturers Association of Nigeria (MAN), Ahmed Mansur has lamented that the Nigerian economy is in a very fragile state, advising that Nigerians should not expect much in the first quarter (Q1). Mansur, who spoke to The Nation over the weekend, noted that economic activities would start picking up in the second […] …
Why 2019 budget falls short of expectations
Charles Nwaoguji The Manufacturers Association of Nigeria, (MAN) has expressed concern that there may be a further depreciation of the Naira due to the recent pressure on the country’s external reserve arising continuous dip in oil prices and the usual withdrawal of foreign capital due to anticipated political uncertainty. In its review of the economic […]
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MAN expresses fear over 2019 budget
The Manufacturers opined that the 2019 Budget has important provisions aimed at reinforcing and building on the recent accomplishment of the economy. Bimbola Oyesola Nigeria’s Organised Private Sector (OPS) yesterday expressed concern that the manufacturers in broad terms could be in for tougher operating environment in 2019 with the failure of the Federal Government to […]
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Africa needs indigenous agenda to develop economy, trade – Mansur, MAN president
The key is let’s have a trade agenda relevant to where we know exactly what we are getting out of it or what we want to get out of it. Amechi Ogbonna Engineer Ahmed Mansur, the new president of the Manufacturers Association of Nigeria (MAN) and Executive Director at Dangote Group, recently got the mandate […]
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Senate stops new tax policy
Senate has asked the Federal Government to put on hold, implementation of an excise tariff increment on alcoholic beverages and tobacco products. READ ALSO: President raises tariffs on tobacco and alcohol sales An excise duty is a type of tax charged on goods produced within the country, as opposed to customs duties, charged on goods from outside […]
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Labour spoils for war
The Nigeria Labour Congress (NLC) said that its members would begin a nationwide strike alongside civil society organizations on September 26 Bimbola Oyesola Baring any last minute intervention by the Federal Government, the Organised Labour will begin an indefinite strike on Wednesday, when the 14-day ultimatum it issued on September 12 will expire. All the […]
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