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The manufacturing purchasing managers’ index (PMI) recorded growth in November 2020 after six months of contraction between May and October 2020.
The Purchasing Managers’ Index (PMI) for the manufacturing sector in October stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. The manufacturing PMI for the month of September was 46.9 index points.
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.
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.
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.
As Nigeria marks 2018 Workers’ Day, former Vice President, Atiku Abubakar, has urged labour leaders to engage Federal Government on minimum wage, industrialization, education, healthcare delivery and pension.
The Central Bank of Nigeria (CBN) yesterday reported that the January 2018 Purchasers Manager Index (PMI) - a survey which measures the productive activities in the manufacturing and non-manufacturing sectors of the country grew to 57.3 pet cent, howbeit sluggishly in comparative terms with previous growth trajectory.
According to the Manufacturers Association of Nigeria (MAN), integrating local producers in the value-chain through policy frameworks will help revive the ailing sector as well as promote job creation efforts of the real sector.
Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.
The Wife of Ekiti Governor, Mrs Bisi Fayemi, said that she was ready to work with Federal Government to reduce the number of vulnerable children in the state.
The Kano State Road and Traffic Agency (KAROTA), said it intercepted a Golf car carrying cannabis worth over N30 million in Kano.
Kelechi Iheanacho is among several strikers on the shopping list of German Bundesliga side RB Leipzig, according to the authoritative Bild.
The Governing Council of Federal University Wukari in Taraba has announced the appointment of Jude Rabo as the new vice-chancellor of the institution.
The Kebbi governor, Alhaji Atiku Bagudu, has approved N468.5 million for the execution of projects and empowerment programmes under the state Ministry of Women Affairs and Social Development.
Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.
Governor Abdullahi Ganduje of Kano State has called on the Local Government Chairmen in the state to treat COVID 19 pandemic, in the same manner, they treated and eradicate polio.
Chelsea manager Frank Lampard defended his players on Thursday amid a growing debate about teams celebrating goals with hugs and high-fives while the country is battling the COVID-19 pandemic.
Bayelsa State Deputy Governor, Senator Lawrence Ewhrudjakpo has expressed appreciation to the leadership and members of the Peoples Democratic Party (PDP), Bayelsa West Senatorial Campaign Council for their selfless efforts, which led to the victory of Senator Seriake Dickson at the poll.
Five people were shot dead in central Mexico City, the local security secretariat said Saturday, a rare attack in the capital and likely linked to organized crime, according to local media.