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MANUFACTURING SECTOR
Nigeria’s manufacturing sector recorded a poor business performance in January 2025, according to the Business Confidence Monitor report...
Nigeria’s manufacturing sector struggled in business performance in December 2024, according to the Business Confidence Monitor report compiled by the Nigeria Economic Summit Group and Stanbic IBTC.
The contribution of the manufacturing sector to Nigeria’s GDP in the fourth quarter of 2023 dropped from 8.40% recorded in the corresponding period of the previous year to 8.23%.
The Manufacturing sector in the third quarter of 2023 attracted a total of $279.51 million in FDIs.
GSM Association, the global umbrella body of mobile network operators, has said that the manufacturing sector will benefit the most from the rollout of 5G technology by telecom operators.
In the first half of 2023, Nigeria's dominant sectors collectively contributed N75.22 trillion, comprising 72.8% of the total non-oil sector input, marking a modest 1.6% increase compared to 2022 year-end figures of 71.2%.
The manufacturing sector’s real GDP growth was 2.20% in Q2 2023, a 26.8% decrease compared to the 3.0% recorded in Q2 2022, but an increase of 36.6% from the 1.61% recorded in the previous quarter.
The Federal Government of Nigeria (FGN) generated a sum of N625.39 billion as value-added tax in the third quarter of 2022
The manufacturers' operating expenses increased by 28.20% to N1,373 billion between January and September
Manufacturing sector grew by 5.89% (year-on-year) in real terms in Q1 2022, an increase of 3.61% points from the preceding quarter...
Andrew Nevin has advised the Federal Government to focus on exporting services.
The Central Bank of Nigeria has said that it disbursed the sum of N151.23 billion under the real...