Nigerian economy expands for 27th consecutive month
30 June 2019 | 4:00 pm
Data from the Central Bank of Nigeria shows Manufacturing Purchasing Managers Index in the month of June stood at 57.4 index points noting an expansion in Nigeria’s manufacturing sector for the twenty-seventh consecutive month. Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for more.
1 Nov 2018
The Central Bank of Nigeria's manufacturing PMI for October came in at 56.8 index points, indicating an expansion for the 19th consecutive month. Ugochukwu Irechukwu, Divisional Head, Institutional Banking at Diamond Bank joins CNBC Africa from the banking hall for this discussion.
28 Mar 2019
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
16 Apr 2019
Nigeria has set a target to double its manufacturing output to 20 per cent of GDP within six years and will set up special economic zones across the country in partnership with regional aid banks to achieve this target. Johnson Chukwu, CEO of Cowry Asset Management Limited joins CNBC Africa to discuss this.
9 Jun 2019
Michael Gapen, chief U.S. economist at Barclays, examines the U.S. May jobs report.
25 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele will unveil his 5-year plan for his second term in office later today. Egie Akpata, Director General of Union Capital Markets joins CNBC Africa for the outlook of Nigeria’s capital market this week.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
4 Aug 2019
Nigeria’s Manufacturing Purchasing Managers Index (MPMI) for the month of July stood at 57.6 index points according to data by Central Bank of Nigeria (CBN). To discuss this and other top business news making the rounds, Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more.
12 Sep 2019
President of Nigeria's Manufacturers Association (MAN), Mansur Ahmed says year-long engagements with key stakeholders, government across levels, Afreximbank and an extensive study of the AfCFTA's impact on its operations have assured manufacturers in Nigeria that opportunities presented by the trade agreement outweigh its risks. On the side-lines of the AGM of the Manufacturer's Association on Nigeria, he joins CNBC Africa's Christy Cole for more.
24 Nov 2019
Ahead of its scheduled hot commissioning in October, BUA Group has unveiled its foods manufacturing complex in Port Harcourt, Nigeria. To talk project capacity, output and impact on Nigeria’s food self-sufficiency journey, CNBC Africa’s Christy Cole caught up with the General Manager of BUA Ports and Terminals, Mohammed Lile for more.
24 Oct 2019
Microgravity can be used to unlock old materials and make new ones in ways that can’t be replicated on Earth. Private companies know this, and are leading the charge toward the next gold rush. But can they turn low Earth orbit into a home for the next industrial revolution?
26 Nov 2019
SecureID, a Nigerian manufacturing and technology company, makes bank cards, mobile phone SIMs and voting cards, with businesses in 21 African countries.
2 Dec 2019
The Central Bank of Nigeria (CBN) says gross credit to the manufacturing sector was N459.69 billion between the end of May and the end of October this year. The inflow credited to the Apex Bank’s recent policy on loan-to-deposit ratio. Meanwhile, the real GDP growth in Nigeria’s manufacturing sector was 1.1 percent year on year in the third quarter of the year. President of Manufacturers Association of Nigeria (MAN), Mansur Ahmed joins CNBC Africa to discuss this story.
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