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TVC E,BUSINESS – Manufacturers Association of Nigeria (MAN) has expressed fears that many of its member companies will close down production at the end of the first quarter of this year.
This is due to raw materials scarcity hitting them hard.
The recent policy by the CBN has denied them foreign exchange to import their raw materials.
The association reiterated the possibility of many of its companies being out of business, because of shortage of raw materials.
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