Manufacturers Association of Nigeria backs CBN on FX ban to BDCs – Nairametrics

manufacturers-association-of-nigeria-backs-cbn-on-fx-ban-to-bdcs-–-nairametrics

The Manufacturers Association of Nigeria (MAN) has sided with the Central Bank of Nigeria’s (CBN) decision to stop selling forex to Bureau De Change (BDC) operators. The association is also pushing for the unification of FX into a single window. This was disclosed in a statement titled: “MAN’s Perspective on the CBN’s New Policy on … Read more

Gold mining: Segilola mine produces first gold output, targets 85,000 ounces a year – Nairametrics

gold-mining:-segilola-mine-produces-first-gold-output,-targets-85,000-ounces-a-year-–-nairametrics

Segilola Gold Mine, Nigeria’s first and largest industrial-scale gold mine owned by the Canadian mineral exploration company, Thor Explorations Limited poured its first gold from the mine in Osun state on Friday. This was disclosed in a statement by Thor Explorations, reported by Bloomberg. This represents a major step towards diversifying and maximizing Nigeria’s gold … Read more

MAN laments over poor electricity supply, high cost of diesel, raw materials – Nairametrics

man-laments-over-poor-electricity-supply,-high-cost-of-diesel,-raw-materials-–-nairametrics

The Manufacturers Association of Nigeria (MAN) has lamented over the poor electricity supply, high cost of diesel, and raw materials witnessed across the nation. These challenges are affecting the businesses of its members in Edo and Delta states. What MAN is saying Dr Okwara Udensi,  Chairman of MAN, Edo/Delta chapter, explained that the high inflation … Read more