Oil & Gas, Manufacturing Sectors Get 55.5% of Loans in H1, 2023
Two sectors, Oil and Gas, and the manufacturing sectors dominated banks’ lending in the first half of the year, H1’23, accounting for 55.5 per cent of the N8.03 trillion increase in loans during...
Foreign Investments in Manufacturing Hit $861m
Total inflow of foreign investments into the Nigeria’s manufacturing sector increased by 88.17 percent year-on-year (YoY) to $861.16 million in the first half of 2023 (H1’23) from $457.66 million in the corresponding period of 2022 (H1’22).
This also indicates 75.47...
Manufacturers Dismiss 3,567 Workers in H1, 2023 – MAN
No fewer than 3,567 jobs were lost in the manufacturing sector in the first half of 2023 according to figures obtained from the Manufacturers Association of Nigeria (MAN).
MAN disclosed this in its half yearly review of...
Manufacturing Contribution to Economy Drops to 2.2% - NBS
The real sector’s contribution to the Nigerian economy dipped to 2.20% (year-on-year) in the second quarter of 2023, according to the Gross Domestic Product report of the National Bureau of Statistics.
According to the report, the growth...
Manufacturing Sector Rose Slightly In April
The manufacturing sector recorded marginal growth as the Purchasing Managers’ Index rose to 49.0 index points in April from 48.8 index points in March.
The Central Bank of Nigeria disclosed this in a report by the Monetary Policy Committee.
It said,...
Manufacturing Sector Leads $8.41bn Investment Announcements In Q1, 2021
The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with the manufacturing sector attracting 60 percent, reflecting the gradual return of investors’...
