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Stimulating SMEs, manufacturing through proper funding

Stimulating SMEs, manufacturing through proper funding

Banks are expected to reinforce their commitment to customers, businesses and brand essence through innovative services and quality product offerings. For 125 years of operation, First Bank of Nigeria Limited, has supported Small and Medium Enterprises (SMEs), manufacturing and other real sector operators through improved funding and digitised services, writes Charles Okonji. There is nothing […] …

NBS: manufacturing generates N864b in VAT

NBS: manufacturing generates N864b in VAT

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 […] …

Lessons Nigeria should learn from China to grow economy – Chukwudozie, Dozzy Group boss

Lessons Nigeria should learn from China to grow economy – Chukwudozie, Dozzy Group boss

“Dozzy Group started in 1980 as a very small trading company, that was into buying and selling of manufactured goods from within and outside the country.” Amechi Ogbonna and Chinwendu Obienyi Dr. Daniel Chukwudozie, an astute businessman, is the founding Chairman, Dozzy Group of Companies which started as an indigenous company and metamorphosed into a […]
The post Lessons Nigeria should learn from China to grow economy – Chukwudozie, Dozzy Group boss appeared first on The Sun Nigeria. …

Manufacturing sector report: PMI, BCI data portend mixed fortunes for real sector

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The expansion recorded in the manufacturing sector in October as indicated by the Central Bank of Nigeria (CBN) Purchasing Managers Index (PMI) would likely sustain its uptrend till year end. But whilst this is a position given by economy watchers at Cordros Capital Limited, a Lagos-based finance and investment house, another group of analysts have punctured this position with the current Business Confidence Report which shows a dim picture of the short term economic outlook.
Continue reading Manufacturing sector report: PMI, BCI data portend mixed fortunes for real sector at Vanguard News Nigeria. …

‘Why manufacturing recorded stunted growth’

‘Why manufacturing recorded stunted growth’

The Manufacturers Association of Nigeria (MAN),  yesterday listed inadequate power supply, high interest rate and frequent tariff increases as some of the factors that militated against the sectors performance in 2017. MAN’s President, Dr. Frank Udemba Jacobs, who stated this at the associations 46th Annual General Meting  in Lagos, said  the challenges are already manifestingRead More …

Provision of electricity paramount for economic growth – Aniekwe

Provision of electricity paramount for economic growth – Aniekwe

“Government has a lot of work to do in Nigeria. I don’t know if it is politics that is inhibiting the economic growth of this country…” Favour Onwuka Amaka Aniekwe is the Managing Director and Chief Executive Officer of Somes Multidynamics Company Limited, engaged in manufacturing, importation and supply of medical devices. She speaks on […]
The post Provision of electricity paramount for economic growth – Aniekwe appeared first on The Sun Nigeria. …

Q2 GDP: Analysts Unhappy With Performance Of Agriculture, Manufacturing Sectors

  The Gross Domestic Product (GDP) report released on Monday by the National Bureau of Statistics (NBS) has left some analysts concerned about some sectors, especially the agriculture and manufacturing sectors. The report for Q2 2018 showed that GDP slowed, growing by 1.50% in the second quarter as against the 1.95% growth in the first … Continue reading Q2 GDP: Analysts Unhappy With Performance Of Agriculture, Manufacturing Sectors
The post Q2 GDP: Analysts Unhappy With Performance Of Agriculture, Manufacturing Sectors appeared first on Channels Television. …

China renews commitment to deepen investments in Nigeria

China renews commitment to deepen investments in Nigeria

“China is today Nigeria’s largest project contractor and second largest trading partner and a major
The post China renews commitment to deepen investments in Nigeria appeared first on – The Sun News. …

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