MANUFACTURING

  The Central Bank of Nigeria (CBN) says the country’s Manufacturing Purchasing Managers’ Index (PMI) stood at 57.6 index points as at July. It said this indicated expansion in the manufacturing sector in 28 consecutive months. The apex bank reported the July PMI on its website. The CBN said the...

As President Muhammadu Buhari prepares to begin his second term in office, President of Manufacturers Association of Nigeria (MAN), Mansur Ahmed, has urged him to address the challenges militating against the manufacturing sector of the economy.   Boosting the manufacturing sector Nigeria urgently needs a massive economic stimulus programme. If...

  Says 2019 Budget falls short of expectations   The Manufacturers Association of Nigeria, MAN, has expressed fears that there may be a slight depreciation of the value of Naira due to the recent pressure on the country’s external reserve due to the continuous dip in oil prices and the...

    Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals. Halima Dangote said that the economic...

  The Manufacturing PMI in the month of April stood at 56.9 index points, indicating expansion in the manufacturing sector for the thirteenth consecutive month. The index grew at a faster rate when compared to the index in the previous month. The composite PMI for the non-manufacturing sector stood at...

  Anheuser-Busch InBev (AB InBev), the world’s largest beer maker, expects its new $250 million brewery being built in Sagamu, Nigeria, to start production in the middle of this year, the head of its Africa operations said on Thursday. “For the long term, in five to 10 years, Africa will...

Dangote Cement has received legislative approval from the Liberian Senate for the production of cement in the West African country. The approval followed the passing of the Investment Incentive Agreement between the country and Dangote Cement Liberia Limited with a value of $41 million. The agreement which followed the Senate...

Avnash Rice Mill has restated commitment to its five-year plan to support and create at least one million jobs (direct and indirect) for Ghanaians by 2022. The Chief Executive Officer of Avnash Rice Mill, Mr. Jai Mirchandani, said this when President Nana Addo Dankwa Akufo-Addo launched the Royal Farmers Rice,...

Aliko Dangote, Africa’s richest man, is among those considering counter-offers for PPC Group Limited that could signal a bidding contest for South Africa’s largest cement maker, according to reports. Dangote Cement Plc sees a bid for the Johannesburg-based company as a way to accelerate expansion outside its home market of...

A total of 5,527 Medium Small Manufacturing Enterprises (MSMEs) benefited N4.5 billion from the Lagos Employment Trust Fund in the last one year. Governor Akinwunmi Ambode of Lagos State disclosed this on Monday at the 2nd Micro, Small and Medium Enterprises (MSMEs) exclusive fair with the theme “Unleashing the Potentials...