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Nigerian economy expands for 27th consecutive month

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.

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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.
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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.
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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.
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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.
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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.
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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.