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Manufacturing sector’s output drops by N78 billion in three months

The manufacturing sector recorded a decline of about N77.92bn in output in the first quarter of this year, figures obtained from the National Bureau of Statistics have revealed.

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.

Labour: N70,000 price is unrealistic for passport

Labour leaders have criticised the Federal Government for the planned increase of the fee to be paid by Nigerians to secure travel document.

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 vows to clamp down on businesses, banks that abuse Forex on 42 restricted...

The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.
Lagos State House of Assembly

Lagos Assembly to stem rising spates of drug abuse

The Lagos State House of Assembly on Monday called on Gov. Akinwunmi Ambode and all relevant stakeholders to embark on aggressive campaign against drug abuse.

ABP: Central bank disburses N160 billion to 850,000 small farmers in three years

No fewer than 850,000 Small Holder Farmers have benefited from the Central Bank of Nigeria’s N160 billion under its Anchor Borrowers’ Programme in the last three years, CBN governor, Godwin Emefele, says.
Mamadou Sangafowa Coulibaly

Ivory Coast hopes to increase rubber production to two million tonnes

Ivory Coast, Africa’s largest rubber producer is hoping to double production to two million tonnes in the next five years despite a hit by world prices on raw materials.

CBN: 41 items still banned under Nigeria-China currency swap deal

The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange.

Police nab chief priest for allegedly burying charm in Presco plantation

Police detectives have apprehended the Chief Priest of Ovre-Eku community, Delta State, for allegedly intruding and burying charm with live goat, hot drink and yam at the plantation of Presco Nigeria Plc in Orhiomwon Local Government Area, Edo State.

Codeine: NSCDC commandant urges regulation of rubber solution sales

The Nigeria Security and Civil Defence Corps (NSCDC) has commended the Federal Government for banning the production and importation of codeine as active pharmaceutical ingredient for cough syrup preparations.

Israeli Embassy confers posthumous award on Awolowo

The Israeli Embassy in Nigeria, has conferred a posthumous award on the late Chief Obafemi Awolowo in his strides in agriculture, particularly on rubber and cocoa.

NDLEA harps on the dangers of drug abuse

The National Drug Law Enforcement Agency (NDLEA) on Friday reiterated its advice to Nigerians to shun drug abuse.

Segun Awolowo: Local farmers have a lot to benefit from rubber cultivation, production

Efforts of the Edo State Government to grow her rubber stock and boost her non-oil receipts with the 2,500-hectare rubber plantation in Urhonigbe, in Orhionmwon Local Government Area and other agricultural initiatives, have received the support of the Federal Government.

NEXIM bank challenges Edo exporters on N50 billion fund

The Nigerian Export Import Bank (NEXIM) has urged Exporters in Edo state to make effort and access the N50 billion Export Development Fund (EDF) to boost the non-oil revenue in the state. Managing Director of NEXIM, Abba Bello, disclosed this in a statement signed by Tayo Omidiji, Head, Strategy and Communications, in Abuja, on Wednesday.

George Weah: Nigeria, Liberia $5m trade volume too low

President George Weah of Liberia has described as ‘too low’, the current trade volume between both countries estimated to be at $5 million.

January PMI index records slow growth – CBN

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.

Changing the sad story of solid minerals

The gold deposit in Osun state alone is worth about $5 billion in today’s price, according to Professor Olugbenga Akindeji Okunlola, a prominent geologist. That is about N1.5 trillion.

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Senator Boroffice withdraws from race for deputy senate president

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Police arrest man for allegedly killing student in Enugu

The police in Enugu State has arrested a suspect, Monday Nnaji, for allegedly killing a secondary school boy, Great Nwobodo, in Amodu community, Nkanu West Local Government Area of the state.