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Manufacturing Output Drops By 9.7% To N6.67trn

Manufacturing Output Drops By 9.7% To N6.67trn   The production output of Nigeria’s Manufacturers fell by 9.7 percent to N6.67 trillion in 2022 from N7.39 trillion in 2021 on account of forex scarcity, high inflation, high cost of energy and limited household purchases. Director General, Manufacturers Association...

Amid Unfavourable Environment, Manufacturing Output Rebounds, Hits N7trn

Amid Unfavourable Environment, Manufacturing Output Rebounds, Hits N7trn     In the third quarter of the year, the manufacturing sector recorded a total output of N7.1tn. The N7.1tn is N1.7tn higher than N5.4tn recorded in the second quarter of 2021. This is according to data contained in the latest...