..Lament poor packaging of 2019 budget
Manufacturers Association of Nigeria, MAN, has expressed fears that there may be a further depreciation of the value of Naira in 2019 due to the recent pressure on the country’s external reserve due to the continuous dip in oil prices and the usual withdrawal of foreign capital as a result of anticipated political uncertainty.
President, Manufacturers Association of Nigeria (MAN) Dr. Frank Jacobs .
President, Manufacturers Association of Nigeria (MAN) Dr. Frank Jacobs has said that the improved performance of the manufacturing sector is as a result of the intensity of its advocacy, resilience and ingenuity to drive economic rebound.
L-R: ED Stakeholder Management and Corporate comms, Engr Mansur Ahmed and representative of President Mohammadu Buhari, Hajiya Zanab Ahmed, Minister of State for Budget and National Planning at the Dangote Exhibition stand at MAN 45th AGM
Manufacturers Association of Nigeria (MAN) has vehemently opposed the admission of Morocco into the Economic Community of West African States (ECOWAS) union. The Association warned the Federal Government against supporting such a notion at its 45th Annual General Meeting (AGM), held on Thursday in Lagos, revealing that it will have a disastrous effect on the nation’s manufacturers.
The Central Bank of Nigeria, CBN, has averted the closure of over 200 companies in the manufacturing sector of the economy through its recent allocation of foreign exchange to the affected industries to bring in their raw materials. Recall that the apex bank had in a bid to stabilise the exchange rate, in protection of foreign reserves, following oil price decline, excluded 41 products from access to the foreign exchange market (interbank foreign exchange market and Bureau de Change).
•Another jailed for stealing N2.3m car
Forty-year old Dona Jamari accused of armed robbery in 2009 was released yesterday morning from Ikoyi prison custody by Justice S.S. Ogunsanya of the Lagos State High Court.
A 47-year-old unemployed man, Dare Shodeke, who allegedly defiled an 11-year-old girl, was on Monday arraigned in a Tinubu Magistrates’ Court, Lagos.
A 34-year- old man, Benson Abayomi, who allegedly refused to pay the salaries of his workers, was yesterday brought before an Ogudu Magistrates’ Court in Lagos.
A 75-year-old man, Mr Kayode Oguntuase, has approached an Ado-Ekiti Customary Court to dissolve his 26-year-old marriage on allegation of being starved of sex.
An Iyaganku Chief Magistrates’ Court, Ibadan, yesterday sentenced one Akeem Adeyemi, 31, to five months in prison for stealing inside a mosque during prayers to end the day’s Ramadan fast.
Austine Bathezs, a 24-year-old, who allegedly stabbed a man to death and dispossessed him of his motorcycle, has been remanded at Ikoyi Prisons, Lagos.
Magistrate E.O. Ogunkanmi of an Ebute Meta Chief Magistrates’ Court said the accused should be kept behind bars pending advice from the State Director of Public Prosecutions (DPP).