Manufacturing
Manufacturing and general industrial sector news.
Briscoe Motors: Pioneer dealer of Toyota automobile in Nigeria suffers N1.27billion loss
The Auto dealer has a working capital deficit of N14.76bn, driven by a bank overdraft of N15.76bn
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Prices of rice and other commodities are expected to increase – Expert
The price of rice is expected to increase as the festive period draws near.
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Big players in Paints and Coatings industry suffer 52% profit loss in the first 6 months of 2020
The COVID-19 induced lockdown took a huge toll on the activities of the producers.
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These industries appear to have returned to pre-pandemic levels
In the August sequel of the manufacturing and non-manufacturing Purchasing Manager Index report, the CBN reported that two sub-sectors in the...
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Nigeria to post bigger contraction in Q3, as PMI deeps further
Scarcity of dollar, depressed oil prices and limited fiscal support to contract economy further.
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Nigeria’s manufacturing sector contracts for 4th consecutive month – CBN
Out of the 14 subsectors surveyed, 6 subsectors reported expansion.
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GDP: Nigeria’s manufacturing sector on tight ropes
Only two sub-sectors in the manufacturing space reported real growths.
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Border closure boost sales and profits for Nigeria’s Agroproducers
Despite the pains some industries seem to be taking advantage of border closure.
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Dangote’s world biggest fertilizer plant starts production in February next year
The contractor disclosed that the pre-testing of the plant had already begun.
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Manufacturers declare support for unification of exchange rate
Ahmed urged the CBN to tackle activities that made speculators manipulate the multiple exchange rates.
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