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Farooq

Posts Tagged "man"

HomePosts Tagged "man"

The Federal Government, in a bid to ease the burden of the current economic recession on the manufacturing sector, is planning some form of tax relief for the sector. The Minister of Finance, Mrs. Kemi Adeosun, dropped the hint on Wednesday in Abuja while responding to questions from journalists at the end of the Federation […]

The Manufacturers Association of Nigeria on Thursday said the Central Bank of Nigeria’s flexible exchange rate policy had culminated to N500 billion losses for manufacturers. Babatunde Odunayo, the Chairman of MAN, Apapa, Lagos State Branch, made the assertion during the branch’s 45th Annual General Meeting in Lagos. According to him, Letters of Credit and Form […]

Banks are not co-operating with the Central Bank of Nigeria (CBN) on forex policy, Manufacturing Association of Nigeria (MAN) President Dr. Frank Udemba Jacobs has said. Dr Jacobs said the CBN was sensitive to the plight of the manufacturing sector, but it was unfortunate the apex bank’s good intention were being frustrated by those who […]

The Manufacturers Association of Nigeria has called for the adoption of concessionary Forex allocation mechanism to enhance productivity in the nation’s manufacturing sector and be more competitive. Dr. Frank Jacobs, the President of the association, made the call in an interview with the News Agency of Nigeria on Tuesday in Abuja. He said that the […]

  • dollar to naira

The Central Bank of Nigeria on Wednesday assured the Manufacturers Association of Nigeria of improved foreign exchange supply to sustain its members’ production. Tokunbo Martins, the Director, Banking Supervision of the apex bank, made the disclosure while addressing newsmen at the end of the Bankers Committee Meeting held in Lagos. Martins said the bank would […]