Manufacturers Association of Nigeria

We spent N246bn in two years to fuel generators- manufacturers

The Manufacturers Association of Nigeria, MAN, has decried the worsening state of electricity in the nation, especially as it affects manufacturers. The association disclosed that manufacturers spent N246bn on fuelling generators between 2016 and 2017 with a further N43bn on private power generation in the first half of 2018. “The challenge of inadequate electricity supply […]

AMCON

AMCON: Textile company will continue operations despite N1bn debt

Asset Management Corporation of Nigeria (AMCON) says Nigerian Braiding Manufacturers Limited (NBML), a Kano state-based textile company, NBML, will continue operations despite its N1 billion debt. The company was recently taken over by AMCON, as a result of the Company’s Non-Performing Loans purchased from the Banks by the government agency. The textile company’s indebtedness to […]

FAAN moves PH airport’s local operations

FAAN moves PH airport’s local operations to old international terminal

Following the recent commissioning and movement of international operations to the new Port Harcourt International Airport, the Federal Airports Authority of Nigeria (FAAN) has collapsed the make shift tent at the airport and moved all domestic arrivals to the old international terminal. Also, the former local departure lounge will henceforth serve as local arrival hall, while […]