Business activities in the country fell for the fifth consecutive month in November as inflationary pressures remained elevated, the latest monthly Purchasing Managers Index (PMI) by Stanbic IBTC Bank has shown.

Chairperson of the Manufacturers Association of Nigeria (MAN) for Anambra, Enugu, and Ebonyi, Lady Ada Chukwudozie, has called on the authorities to save the manufacturing sector in the country from extinction. Speaking during the 36th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) for the Anambra/Ebonyi/Enugu chapter, held on Friday in Enugu…

TWO of Nigeria’s key sectors, manufacturing and trade, have continued to experience a staggering decline, recording negative growth in quarter three (Q3). According to the National Bureau of Statistics (NBS), the manufacturing sector suffered an over 90 per cent decline in Q3, as nominal GDP growth stood at just 3.62 per cent (year-on-year) from 36.59…

The Nigerian manufacturing sector stands at a critical inflexion point, with recent data revealing an alarming 20.95 per cent decline in GDP contribution during the first two quarters of 2024. As a financial sector expert with extensive experience in risk management and business process optimisation, I present an analytical framework addressing this crisis that threatens…

The crises affecting firms under the manufacturing and fast-moving consumer goods (FMCG) sector may have caused six listed firms an average of 25 per cent loss in their share price valuation in the last seven months.

All manufacturing indicators recorded negative changes in the first quarter majorly due to the prolonged foreign exchange (FX) crisis, escala

Generating energy for production is one of the major components of any sector, and particularly the real sector, as power is required not only to produce goods but also for their movement and storage.