Business Manufacturing Top Story

Manufacturing contracts in 2020, industrialists unsure of 2021

Reading Time: 3 minutes Image Credits: AfDB. Like many governments, the Nigerian government has identified industrialisation as the tool to generate tangible nonoil revenue, increase employment opportunities, and contribute maximally to GDP. As part of government’s efforts at engendering sustainable economic recovery, some fiscal and monetary policies were rolled out, particularly to benefit Micro, Small and Medium Enterprises. In Read More…

Economy Featured Manufacturing

Nigeria’s manufacturing sector records growth, according to CBN PMI

Reading Time: 2 minutes Image Credits: MIGA/World Bank, REUTERS/Afolabi Sotunde. The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. Read More…

Business Commodities Featured Manufacturing Mining

FG plans to train Nigerians on art of making Gold Jewellery

Reading Time: 3 minutes The Federal Government says it is making plans with foreign experts to train some Nigerians in the art of Gold Jewellery making. Mr Olamilekan Adegbite, Minister of Mines and Steel Development, made this known while briefing newsmen on the recently launched Presidential Artisanal Gold Mining Development Initiative (PAGMI) on Tuesday in Abuja. PAGMI is a Read More…