Tag: Manufacturing Sector
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KADCCIMA president urges FG to revamp manufacturing sector
The President, Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), Mr Ishaya Idi, has called on the Federal Government to urgently address the problems bedevilling the country’s manufacturing sector.
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PMI: Nigeria’s manufacturing sector records first growth since May
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…
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CBN rallies manufacturing, agric sectors to jump-start economy
The Central Bank of Nigeria (CBN) has appealed to industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy and returning it to its glory days. At a meeting with the Chief Executive Officers (CEOs) of conglomerates in Nigeria, Governor of the CBN, Mr Godwin Emefiele, said he would be…
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Manufacturing sector generates N864b in VAT – NBS
The manufacturing sector contributed about N864 billion of the N3.63 trillion generated as Value Added Tax (VAT) from 2013 to 2018, National Bureau of Statistics (NBS) reported has indicated. The agency, which stated this in its latest report titled: Sectoral Distribution of VAT in Q4, 2018 reported that the sector’s contribution represented 24 per cent…
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Manufacturing sector tops contribution to N273bn VAT generated in Q3 – NBS
The manufacturing sector had the highest contribution to the Value Added Tax generated in the third quarter of 2018, the latest data obtained from the National Bureau of Statistics (NBS) on Tuesday revealed. The figures, showed that the VAT generated in Q3 rose to N273.5bn. The NBS said, “Sectoral distribution of Value Added Tax data…
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Nigeria’s manufacturing sector expands for 3rd consecutive month – CBN
Nigeria’s manufacturing sector has witnessed expansion for the third consecutive month, according to data released by the Central Bank of Nigeria (CBN). TheNewsGuru.com reports that the Purchasing Manager’s Index (PMI) which measures the size of the nation’s manufacturing sector rose to 52.9 index points at the end of June. This figure showed a 0.4 per…