Nigeria’s industrial sector contracts for the ninth consecutive month in September- CBN report
Activities in Nigeria’s industrial sector contracted again in September- marking the ninth consecutive decline in 2024 with PMI at 49.7. ...
Tag: Manufacturing
News and analysis from Nigeria’s manufacturing sector.
Top 10 sectors that paid the most CIT in Nigeria in Q2 2024
The National Bureau of Statistics (NBS) has disclosed that total Company Income Tax (CIT) collections amounted to N2.47 trillion in ...
Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) ...
Companies pay less tax in the first quarter of 2024 as economy worsens
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income ...
Five largest sectors in the Nigerian economy as of Q1 2024
The Nigerian Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter (Q1) of 2024.
Nigerians want FG to account for funds injected into textile industry – NLC
The Nigeria Labour Congress (NLC) has said that Nigerians want to hold the Federal Government accountable for funds injected into ...
Samsung Partners with NDHAL on Consumer Electronics Assembly Plant in Nigeria
Samsung Electronics West Africa announced a partnership with the New Home Distribution (Africa) Limited (NHDAL).
Manufacturing, healthcare, entertainment sector received major real estate investments – Jamila Faniyi
The Managing Director of M & E Kaiser Limited, Jamila Faniyi has said that the manufacturing sector, healthcare and entertainment ...
3 sectors contribute 56.3% of FG taxes in H1 2023
Manufacturing, ICT and banking sectors led others as the top three sectors that accounted for 56.3% of the total tax ...
Nigeria’s Manufacturing, ICT, Mining sectors lead industries with highest VAT remittances in H1 2022
VAT revenue in the first half of the year increased by 11.7% to N1.19 trillion from N1.06 trillion generated in ...
