We'll Spend N75bn on 75 Enterprises in Eight Months - Tinubu   President Bola Ahmed Tinubu has said his administration will spend 75 billion naira on 75 enterprises across the country from July 2023 to March 2024. The President who disclosed this in a nationwide broadcast on...

CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...

Agric, Power, Manufacturing Top N23.5trn Loans To Businesses - CBN   The total gross credit to businesses rose from N19.4 trillion to N23.5 trillion in the last one year, representing over 21.1 per cent increase, the Central Bank of Nigeria (CBN), has said. In a state of...

Time for Manufacturing Africa By Issa Aremu   Friday, November 20th marks 2020 edition of Africa Industrialization Day (AID). In 1989, the United Nations General Assembly, proclaimed 20 November “Africa Industrialization Day” (AID) to raise awareness about Industrialization, Diversification and beneficiation in Africa. In the past three...

Manufacturing PMI, Employment Level Contract In June — CBN   The Central Bank of Nigeria (CBN) survey has shown that the Manufacturing and Non manufacturing Purchasing Managers Index (PMI), and employment level in the country dropped this month as firms expressed greater confidence in the macro...

Manufacturing, Employment Recorded Sharp Decline In April     New orders, output and employment witnessed sharp falls as prices rose amid supply chain disruption in April. These was the summary of a report of April business activities, which also witnessed low manufacturing. The Nigeria Purchasing Managers’ Index report by...