Tuesday, May 18, 2021
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CATEGORY

Manufacturing

Nigeria generates N496.39bn as Value Added Tax in first three months of 2021

Sectoral distribution of Value Added Tax (VAT) data for Q1 2021 reflected that the sum of N496.39bn was generated as VAT in Q1 2021...

Nigeria’s Purchasing Managers’ Index Hints at Sustained Economic Growth

Nigeria’s business activity remained in expansion territory as the IHS Markit-Stanbic IBTC headline PMI remained at 52.9 points in April. Expansion in new orders...

MAN celebrates 50th anniversary, says manufacturing remains backbone of any economy

By Christian Njoku Calabar, May 7, 2021 Mr Giandomenico Massari, Chairman, Manufacturers Association of Nigeria (MAN), Cross River and Akwa Ibom Branch, has said...

Nigeria’s Manufacturing Purchasing Managers’ Index Reading No 97: A Welcome Uptick

Our manufacturing Purchasing Managers' Index (PMI) recovered from 51.4 to 53.0 in April. It was the first of its kind in Nigeria. Readings for...

Nigeria Boost Funding for Local Manufacturers to Up GDP in 2021

By Victoria Ojeme and Emmanuel Okogba The Nigerian government is increasing financial support and tax reliefs for local manufacturers to bolster the country's gross domestic...

Local manufacturing sector attracted 60% amidst gradual return of investors’ confidence in Nigeria’s economy

The Nigerian Investment Promotion Commission (NIPC) has reported $8.41 billion new investment announcements in Nigeria in the first quarter of 2021 (Q1 2021), with...

Automobile dealers call for legislation on auto policy, patronage

By Emmanuel Acha Enugu, April 23, 2021 Some automobile manufacturers in the South East have called for an enabling legislation to back the Nigerian Auto...

Senate seeks more incentives for new entrants in cement production

By Naomi Sharang Abuja, April 20, 2021 The Senate has called on the Federal Government to provide more industrial incentives and protection such as offering...

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