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Purchasing Managers’ Index

Recession: Financial expert seeks aggressive implementation of ESP

Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market loses N265 billion on banks’ unimpressive Q3 results

The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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.
Chinese President Xi Jinping has spoken to his Italian counterpart Sergio Mattarella over the phone to offer his “sincere condolences” to the Italian people over the coronavirus crisis.

Chinese foreign trade continues to rise as global economy stall

China has largely managed to control the virus after a disastrous start to the year that saw Beijing lock down tens of millions of people and the economy contract 6.8 per cent in the first quarter.
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

Manufacturing sector records growth in October – survey

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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.
A worker packs cases of wine for distribution at Nederburg Wine Estate in Paarl, South Africa, July 8, 2020. REUTERS-Mike Hutchings

PMI: South Africa’s sharp economic downturn extends into July

South Africa’s economic downturn extended into last month, though businesses still reeling from the impact of the COVID-19 pandemic reported slightly less steep in output and new orders, a survey showed on Wednesday.
The Caixin-Markit manufacturing purchasing managers’ index (PMI), released on Monday, rose to 52.8 last month from 51.2 in June. Xinhua

China’s manufacturing sector shows strong recovery – survey

China’s manufacturing activity expanded in July at the fastest pace in almost a decade, according to a private survey released on Monday, though employment continued to drop in the wake of the coronavirus crisis.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Economy contracted in May

Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth.
Mine workers are seen under ground at the end of their shift at Cullinan mine, near Pretoria, South Africa, February 1, 2019. REUTERS-Siphiwe Sibeko-File Photo

Coronavirus lockdown pushes South African PMI to record low in April

South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the economic fallout, throwing into jeopardy an ambitious target to eradicate poverty this year.

Rising unemployment from virus fight threatens China’s poverty targets

Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the economic fallout, throwing into jeopardy an ambitious target to eradicate poverty this year.

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.
Cheng Jingye

US initiated trade war, spreading harm around world – Chinese envoy

Chinese Ambassador to Australia, Cheng Jingye, in a signed article on Thursday said China rejects escalation of the U.S. initiated trade war, which is spreading harm around the world.

Central bank’s PMI report shows rise in employment

The Central Bank of Nigeria (CBN) Purchasing Managers Index (PMI) report for July shows employment level index on the rise for the 27th consecutive month.

CBN: PMI shows growth in manufacturing sector

The Central Bank of Nigeria (CBN) report shows that Purchasing Managers Index (PMI) stood at 57.6 index points n July, indicating expansion in the manufacturing sector for the 28th consecutive month.

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.

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NITDA begins third phase capacity training for on e-Government

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Zaidu Sanusi celebrates his maiden Champions League goal, with teammate Marko Grujic in their 2-0 win over Group C rivals Marseille at the Orange Velodrome in Marseille, France. Twitter @FCPorto

Zaidu Sanusi named in Champions League Team of the Week

Porto defender Zaidu Sanusi has been named in the UEFA Champions League Team of the Week for matchday four.
Nigerian National Petroleum Corporation (NNPC)

NNPC, Shell, Total donate to Nasarawa infectious disease centre

The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) as well as Total have donated equipment to Nasarawa State government as part of their effort in curtailing the spread of COVID-19 pandemic in the state.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC raids Abuja newspaper office over ‘fraud’

The Pilot Newspapers officers in Wuse Zone 5 were searched by anti-graft officials who have been investigating a case of alleged fraud against a someone associated with the newspaper.
The Inspector General of Police (IGP), Mohammed Adamu, on Tuesday said that 1,590 suspects have been arrested across the country in respect of the #EndSars protest which turned violent after it was hijacked by hoodlums.

#EndSARS: Police chief tasks officers not to shy away from dealing with criminals

The Inspector-General of Police, Mohammed Adamu, on Thursday enjoined police officers across the country not to shy away from dealing with criminal elements in the country.