Manufacturing sector shrinks in December – CBN
Nigeria’s manufacturing sector contracted in December after scraping a weak recovery in November, the Central Bank of Nigeria (CBN) revealedin its Purchasing Managers Index...
BUA Cement opens 3 additional production lines to boost capacity
BUA Cement Plc on Tuesday notified the Nigerian Stock Exchange (NSE), shareholders and the investing public of its plans to build three additional production...
MAN laments: Nigeria losing daily share of African market due to border closure
The Manufacturers Association of Nigeria (MAN) on Friday said members were losing their share of the African manufacturing industry to other countries on the...
Pharmaceutical stakeholders commend CBN on Health Sector Fund
solicit for two-year moratorium
Operators in the Nigerian pharmaceutical industry have commended the Central Bank of Nigeria (CBN) for the disbursement of the N100...
Manufacturing sector records continuous deceleration for six straight months
The country’s Purchasing Managers Index (PMI) for the manufacturing sector which started contracting in May continued its deceleration to October according to the Central...
CBN invests N120bn to revive textile sector
The Central Bank of Nigeria (CBN) said it has invested over N120 billion across the Cotton, Textile and Garment (CTG) value chain since the...
MAN urges uniformity in electricity tariffs
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to prevail on electricity distribution companies to regularise the varying costs...
Makinde hands over state’s moribund fruit juice company to investor
...says Oyo State is open to business
Oyo State governor, Engineer Seyi Makinde, on Thursday, officially kickstarted the process of reviving the moribund Pacesetter Fruit...
COVID-19: Nigeria’s manufacturing sector contracts further
As the Nigerian economy contends with the effect of the COVID-19 pandemic, the manufacturing Purchasing Managers’ Index (PMI) has further contracted for the...
Manufacturers spend 38% operating costs on electricity, battle N402bn unsold goods
Manufacturers in Nigeria have said that 38 per cent of their operating costs goes to generating alternative electricity just as their stockpile of unsold...
