Manufacturing Sector Records Three Months Contraction – CBN Report     The Nigerian economy contracted in July for the third consecutive month, the manufacturing and non-manufacturing purchasing managers indices have shown. The statistics department of the Central Bank of Nigeria disclosed this in its Purchasing Managers’ Index survey...

Manufacturing Output Rose By N4.33trn To N16.7trn   Within a one-year period covering January to December 2019, the total monetary value of the manufacturing sector’s output rose by N4.33tn to N16.78tn. An analysis of the Gross Domestic Product report from the National Bureau of Statistics showed that...

Manufacturing Sector’s GDP To Hit N49.6trn With 40,000Gwh Of Power Supply   If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross Domestic Product (GDP) is projected to rise to N49.6 trillion with at least 46.59...

CBN’s Survey Shows Manufacturing Sector Growing   The Purchasing Managers’ Index in the month of July stood at 57.6 index points, indicating expansion in the manufacturing sector for the 28th consecutive month. The Central Bank of Nigeria’s statistics department disclosed in its July survey report on Purchasing...

Manufacturing Sector Tops In N273bn VAT Generated In Q3'2018, Says NBS The manufacturing sector had the highest contribution to the Value Added Tax generated in the third quarter of 2018, the latest data obtained from the National Bureau of Statistics on Tuesday revealed. The figures, showed...

Study Shows Nigeria May Be Major Loser - Oyejide A professor of Economics at the University of Ibadan and the Chairman, Centre for Trade and Development Initiatives, Bodija, Ibadan, Ademola Oyejide, has conducted a study on an analytical comparison between two major countries in Africa...