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 ...
Tag: Manufacturing
News and analysis from Nigeria’s manufacturing sector.
Quoted companies pass cost to customers, report N5.2 trillion revenues in first half of 2022
Companies in the manufacturing, Telco, Agro-Allied, Oil, and Gas, and Industrials defied inflation to post record revenue growth.
Company Focus: Vitafoam Nigeria Plc., providing comfort to Nigerians
Vitafoam Nigeria Plc is a major player in the mattress/foam manufacturing industry in Nigeria...
These are the four largest sectors of the Nigerian economy
Nairametrics presents the ranking of the largest sectors in the Nigerian economy in the year 2021.
Manufacturing, Banking account for the bulk of capital imports to Nigeria in August – CBN
The Central Bank of Nigeria has stated that non-share activity attracted capital imports, with Manufacturing and Banking accounting for the ...
Nigeria’s VAT revenue drops to N500.5 billion in Q3 2021 as manufacturing sector leads
Nigeria generated a sum of N500.49 billion as value-added tax in the third quarter of 2021, representing a 2.3% decline ...
Senate asks States to establish cottage industries across LGAs
Senate has asked States to earmark a part of their annual budget to establish cottage industries in one or two ...
Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN
The CBN disclosed in its September PMI report that the manufacturing sector contracted.
Nigeria’s telecom sector posts double digit growth of 18.1%, manufacturing, others contract
According to the GDP report, the telecommunication sector grew by 18.1% in real terms during the second quarter of 2020.
FG commissions Made-in-Nigeria vehicles worth N364 billion
The Federal Government has commissioned N364 billion locally-assembled vehicles through collaboration with the NADDC.
