Increase in banks’ capital base may not help businesses, say operators
As welcome as the Central Bank of Nigeria (CBN’s) plan to recapitalise local banks to be in tune with current realities amid increases in exchange...
‘Why manufacturing sector under-performed in H1 2018’
Weak demand occasioned by low disposable income, high cost of production and over-regulation have been attributed as key reasons responsible for the weak performance of the nation’s manufacturing sector in the first half of 2018.
Lower PMI affirms manufacturers’ rising inventory concerns
Though production level continued to grow as well as new orders, rising inventory as indicated by the Manufacturers Association of Nigeria (MAN), may be responsible for the slower movement of the nation’s Purchasing Managers’ Index (PMI) last month.
‘Rising inventory, infrastructure undermine government intervention in manufacturing sector’
While some sub-sectors in the manufacturing industry are beginning to witness a turnaround in their fortunes owing to significant improvement in access to foreign exchange for purchase of raw materials, as well as allocation based on priority demands, others are struggling with rising inventory.
Rift between executive, legislature raises concern for economy, says MAN
Worried about the slow implementation of the budget, occasioned by rift between the executive and legislative arms of government, local manufacturers have warned on impending economic crisis that may arise from inertia in policy implementation.
‘Why government should increase N300 billion real sector support facility’
Going by the credit gap in the real sector and the need for job creation, local manufacturers have called on the Federal Government to increase the N300 billion allotted for support to the sector.
Faltering growth affirms Nigeria’s oil dependence
Just because the nation’s oil sector lost its steam to the tune of four per cent, the non-oil sector, with its impressive 10-quarter high at two per cent, could not deliver the country from the pangs of economic slowdown.
AfCFTA ratification on ledge as MAN, NACCIMA bicker over decision
Nigeria’s ratification of the Africa Continental Free Trade Area Agreement (AfCFTA), appears to be on the ledge as key members of the Organised Private Sector (OPS), the National Association...
Checking unfair competition in Nigeria’s real sector with FCCP bill
Last year, the National Assembly passed the harmonised version of the Federal Competition and Consumer Protection Bill. When it receives the President’s assent and becomes law...
Manufacturers generate 13,000MW from alternative energy sources
With generated power insufficient to meet demands of local producers, manufacturers in the country have generated at least 13,000MW of electricity under its Independent Power Projects (IPPs) and micro grid platforms to meet their operational demands.