Manufacturing

Production cost rose the highest in Nigeria’s manufacturing and agriculture sectors in the month of January 2023, driven by sharp increases in energy and raw material costs, Purchasing Managers Index (PMI) has shown. The PMI…

In an obvious sign of investor apathy, foreign portfolio investors cut down their stake in Nigeria's equities market by more than 66 per cent in the half-year period that ended June 30. From $901.3 million invested in the corresponding…

The economy of Nigeria advanced 0.1 per cent Year on Year in the fourth quarter of 2020 after a 3.6 per cent contraction in the previous period. The National Bureau of Statistics (NBS) in its Fourth quarter 2020 GDP and Full-year 2020…

OMOTAYO ARAOYE Nigeria’s Manufacturing sector shrinks for the third consecutive month by 44.9 index points raising fears about more job loss on the impact of the Covid-19 that has dislocated the economy and caused uncertainty.…

GILBERT EKUGBE The Manufacturers Association of Nigeria (MAN) has expressed concerns over the plan of gas franchisers to increase the price of gas in the country. Indeed, the manufacturers stated that the sector…

An Academic, Dr. Michael Akur has commended Central Bank of Nigeria (CBN) for proposing to get Deposit Money Banks (DMBs) to lend credits at nine percent to the manufacturing and Agric sectors. Akur, a lecturer of Financial Statistics at…

The African Development Bank (AfDB) says it has provided 14 million people with improved access to transport, considerably above its targeted 10 million in 2017. The bank, in its Annual Development Effectiveness Review 2018 presented on…

Some experts in the construction sector on Monday urged the Federal Government to tackle the challenges facing manufacturers to grow the nation’s Gross Domestic Products (GDP). They said this in Lagos that boosting the productive capacity…

ADEBISI ADEMOLA The Central Bank of Nigeria (CBN) has said its Purchasing Manufacturing Index stood at 52.9 index points in June 2017, indicating expansion in the manufacturing sector for the third consecutive month. The Purchasing…