Monday, 16th May 2022
Breaking News:

Frank Jacobs

26 Jun 2019
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...
19 Dec 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.
12 Dec 2018
Efforts to by the Central Bank of Nigeria (CBN), to encourage manufacturers to explore local raw materials for production by placing restriction on 42 items...
4 Oct 2018
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.
26 Sep 2018
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.
20 Sep 2018
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.
29 Aug 2018
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.
29 Aug 2018
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.
8 Aug 2018
There is an urgent need to develop the pharmaceutical sector in Africa to reduce the continent’s dependence on imported pharmaceutical and medical products, says United Nations Economic Commission for Africa’s Soteri Gatera.
27 Jul 2018
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...
11 Jul 2018
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...
4 Jul 2018
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.


1 hour ago
Giorgio Chiellini bid farewell to Juventus fans on Monday in his last home match for the Turin giants, a disappointing 2-2 draw which earned Lazio a place in the Europa League after Sergej Milinkovic-Savic...
1 hour ago
Arsenal's exile from the Champions League looks set to stretch into a sixth season after losing 2-0 at Newcastle on Monday.
3 hours ago
The Police Service Commission (PSC) has approved the promotion of Mr Ibrahim Magu and seven other Commissioners of Police (CPs) to the rank of Assistant Inspector General of Police (AIG)
3 hours ago
The Police Command in Borno has defused a bomb planted by Boko Haram and Islamic State of the West African Province(ISWAP) insurgents at Dalori Internally Displaced Persons Camp(IDPs) in Borno.
3 hours ago
Nigeria's accountant-general Ahmed Idris was arrested on Monday by the Economic and Financial Crimes Commission over alleged N80 billion fraud. EFCC spokesman Wilson Uwujaren said Idris was arrested after failing to honour the Commission's invitations. “The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using…