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Manufacturing sector records growth for the first time since May
The manufacturing purchasing managers’ index (PMI) recorded growth in November 2020 after six months of contraction between May and October 2020.
Rakuten extends Barcelona sponsorship
Japanese group Rakuten has agreed to continue as Barcelona’s lead sponsor for one more season, the club announced on Friday.
CBN: Manufacturing sector hits sixth-month contraction
The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria.
Samsung heir absent from bribery retrial following father’s death
Samsung Electronics vice-chairman Lee Jae-yong was not in attendance for a scheduled court hearing Monday after the death of his father, Samsung chairman Lee Kun-hee, was announced yesterday. Yonhap reports that the conglomorate’s de facto leader and presumed heir had asked the Seoul High Court to permit him to attend the funeral.
Nigeria’s manufacturing sector contracts further
As the Nigerian economy contends with the effect of the COVID-19 pandemic, the manufacturing Purchasing Managers’ Index (PMI) has further contracted for the fifth consecutive time at 46.9 index points.
SON destroys N450 million substandard LPG cylinders, roofing sheets
Its Director, Inspectorate and Compliance Directorate, Obiora Manafa, said at the destruction of the products in Lagos, that the affected commodities were classified as life-endangering and unfit for consumption.
PMI: Business activities improve in July – CBN
In spite of global trade tensions and delays in the appointment of key officials to kick start the economy, business activities remained positive as the Purchasing Managers Index (PMI) for the month of July...
Central bank: Economic activities expand faster in March
For the first time in 2019, economic activities grew faster as the manufacturing and non-manufacturing sectors continued to expand in the month of March.
CBN: Nigeria records 57.1 PMI points as at February
The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the manufacturing sector for 23 consecutive months.
CBN: PMI stands at 61.1 index points as at December 2019
The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 61.1 index points as at December 2018, indicating an expansion in the manufacturing sector for 21 consecutive months.
CBN: Economic expansion persists in February
Central Bank of Nigeria, CBN, yesterday released its Purchasing Managers Index, PMI report for February, saying economic expansion persisted for the 13th month in manufacturing and non manufacturing sectors.
UN to vote on new North Korea sanctions targeting oil
The UN Security Council will vote Friday on a US-drafted resolution ramping up sanctions on North Korea by restricting oil supplies vital for Pyongyang’s missile and nuclear programs.
Brazil wants Nigeria to protect small farmers
The Consul-General of Brazil in Lagos, Amb. Maria Figueiredo, on Monday announced her government’s plan to share its philosophy of protecting small farmers with Nigeria.
Fitch affirms Nigeria ‘B+’ rating, negative outlook
Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.
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Nigerian government restates commitment to supporting MSMEs
Federal Government has pledged it’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs) in order to create more job opportunities for the nation’s teeming youths.
Court grants order to paste hearing notice in ex-Speaker Dogara’s office
The Federal High Court sitting, Abuja, on Tuesday, granted an ex-parte order to paste hearing notices on former speaker of the House of Representatives, Yakubu Dogara, in his office.
Lagos opens wellness centre for employees
He added that the initiative was part of an effort to promote a comprehensive health system and ensured civil servants attained better mental health which underscores the high premium the present administration places on the wellbeing of its workforce in line with its THEMES Agenda, particularly at this present time when everyone was grappling with a global health crisis of Covid-19 Pandemic.
Ondo election: INEC opens defence at tribunal
The Ondo State Election Petition Tribunal on Tuesday resumed sitting with an official of the Independent National Electoral Commission (INEC), Tope Aina, disagreeing with the petitioner that votes scored by Governor Rotimi Akeredolu were wrongly credited.
Martin Odegaard has asked to leave Real Madrid
There is significant breaking Real Madrid news on Tuesday with Marca reporting that Martin Odegaard has asked to leave the club this month.
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Mesut Ozil to say goodbye to his teammates this Sunday
On Saturday, the German talked at length with the Arsenal board to terminate his contract. Both parties have reportedly reached an agreeement and Ozil will move in the next 24 hours
Coronavirus: Lagos schools to maintain shift system as resumption nears
As primary and secondary schools in Lagos State resume for the second term of the 2020/21 academic year, government-owned schools are to still maintain the shift-system introduced last year when they reopened for the first term of the year.
Edo government suspends resumption in all schools
The Edo State Government has said that the suspension of schools’ resumption is applicable to all educational institutions in the state.
Lagos taskforce to auction 88 vehicles impounded for driving against traffic
The Lagos State Environmental and Special Offences (Enforcement) Unit (Taskforce) Monday, said it has obtained a Court Order authorising it to publicly auction 88 vehicles arrested for driving against traffic at different parts of the State
Ekiti governor appoints permanent secretary as judge of high court
Gov. Kayode Fayemi on Sunday appointed Mr Adeniyi Familoni, a Lawyer and current Permanent Secretary, Bureau of Chieftaincy Affairs as Judge of the High court of Ekiti State.