By Rukayat Moisemhe, News Agency of Nigeria (NAN) Some Stakeholders in the manufacturing sector say Nigeria needs a specific blueprint to critically address the impact of inflationary pressures on all economic activities in the country. According to the World Economic Forum’s Global Risks Report 2023, the world’s top current risks are energy, food, inflation, and Read More…
Tag: manufacturing sector
Afreximbank and UBA ink $150m trade finance deal amid Ukraine crisis
Amidst the unfolding Ukraine crisis, the African Export-Import Bank (Afreximbank) sealed a significant trade finance agreement worth $150 million with United Bank for Africa (UBA) PLC. This strategic pact falls under the Ukraine Crisis Adjustment Trade Financing Programme for Africa, aiming to bolster businesses in Nigeria amidst the crisis fallout. The agreement, formalised at the Read More…
Nigeria’s manufacturing sector records growth, according to CBN PMI
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. The manufacturing PMI for the month Read More…