Tag: Manufacturing Sector

BoI Recapitalisation Urgent as Businesses Face Credit Crunch, NECA Warns

Business Damilola Bayonle -
Nigeria’s organised private sector has intensified calls for urgent reforms in the country’s development finance architecture, warning that the...

Sugary drinks tax rejection sparks debate as CPPE warns of massive job losses and industry crisis

Business Damilola Bayonle -
Sugary Drinks Tax Rejection Gains Momentum as CPPE Warns of Economic Fallout The debate over the proposed sugary drinks tax...

Nigeria’s business confidence surges to one-year high as rate cut, bank recapitalisation boost outlook

Business Damilola Bayonle -
Nigeria’s business confidence climbed to its highest level in over a year in February 2026, reflecting renewed optimism among...

Nigeria records N2.28 trillion VAT in Q3 2025 as manufacturing, ICT drive revenue growth

Business Damilola Bayonle -
Nigeria’s VAT collections hit N2.28 trillion in Q3 2025, up 10.7% – NBS Nigeria’s consumption tax receipts climbed sharply in...

Foreign investment in manufacturing crashes 54% as $16.78bn capital inflows bypass factories

Business Damilola Bayonle -
Foreign investment in manufacturing plunges 54% as portfolio inflows dominate capital surge Foreign investment in manufacturing plunged by more than...

Rising power, input costs push manufacturers’ energy expenses to ₦1.01tn

Business Damilola Bayonle -
Manufacturers’ Energy, Raw Materials Cost Hits ₦1.01tn Amid Rising Input Pressures Nigeria’s manufacturing sector is facing renewed cost pressures as...

Customs, MAN seal landmark 4% FOB charge exemption deal

Business Damilola Bayonle -
In a move seen as a major relief for Nigeria’s manufacturing sector, the Nigeria Customs Service (NCS) and the...

India’s electric vehicle sector hits a roadblock due to rare earth shortages

News Emmanuel -
The Indian electric vehicle (EV) industry is facing a significant challenge due to a shortage of rare earth metals,...

Apple to Invest $100 Billion in US Manufacturing

World News Emmanuel -
The White House has announced that Apple will pledge $100 billion for manufacturing in the United States, focusing on...

Banking Sector Records $3.1bn Foreign Investments in Q2

Business Damilola Bayonle -
In a strong show of investor confidence, Nigeria's banking sector attracted an impressive $3.13 billion in foreign capital inflows...

Trump’s Tariffs Spark Anxiety Among Canadian Manufacturers

World News Emmanuel -
The threat of tariffs imposed by US President Donald Trump has sparked anxiety among Canadian manufacturers, who are bracing...