Tag: Manufacturing
Manufacturing sector contribution to economy dips to 2.2% – NBS
According to the Gross Domestic Product report of the National Bureau of Statistics, the real sector’s contribution to the Nigerian economy dipped to 2.20%...
Excise duty hike: Manufacturers threaten shutdown
The Manufacturers Association of Nigeria has disclosed that the recent increase in excise duty for beverage and tobacco goods will cripple businesses and subsequently...
Foreign investment in manufacturing dips by 48%
Capital importation into the country for the production and manufacturing sector crashed by 48.42 percent in 2022, PUNCH reports.
The report observed that foreign investments...
Manufacturing may decline unless government intervenes – LCCI
The contribution of manufacturing to the Gross Domestic Product may fall from the 8.2% recorded in the third quarter of 2022 unless the government...
Manufacturing sector contracts for the second time in April – CBN
Figures obtained from the Central Bank of Nigeria have shown that the manufacturing sector contracted for the second time in April.
The Deputy Governor, Financial...
Manufacturing sector’s GDP records 2.28% growth in Q4’21
In the fourth quarter (Q4) of 2021, Nigeria’s Manufacturing sector recorded a real GDP growth of 2.28% (year-on-year), an improvement from the corresponding quarter...
Manufacturing, banking dominate capital imports in August – CBN
Manufacturing and Banking account for the bulk share of Non-share capital imports, the Central Bank of Nigeria has stated in its Economic Report for...
Manufactured imports exceeded exports by N4.3tn in Q2 –– NBS
In the second quarter of 2021, the value of manufactured goods imported into the country surpassed exports by N4.37tn, the National Bureau of Statistics...