Nigeria’s manufacturing sector receives N459.69bn boost
By CNBC
02 December 2019 |
9:13 am
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.
In this article
Related
28 Jul 2018
In "Futures In Focus," Paul Nolte, portfolio manager at Kingsview Asset Management, discusses the outlook for the U.S. dollar and crude oil with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
9 Sep 2018
Despite the slow growth in Nigeria’s GDP in the second quarter of the year, the country's Information and Communication Technology sector recorded a 11.8 per cent growth. Ejikeme Okoli, Research and Market Intelligence Officer at Diamond Bank join CNBC Africa to discuss this and the implications for Nigerian banks.
24 Jan 2019
Saudi Arabia Finance Minister Mohammed Al-Jadaan discusses Saudi Arabia's economic plan and oil price volatility.
27 Feb 2019
Anthony Eke, Acting Divisional Head; Infrastructure and Transport at Diamond Bank joins CNBC Africa from the banking hall to discuss how the electioneering period is likely to impact Nigeria’s first quarter GDP.
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.
26 Apr 2019
Assessing Nigeria's tax to GDP ratio.
22 May 2019
What Nigerian govt said about 2019 first-quarter GDP growth.
12 Jun 2019
UNICEF says Nigeria loses about 1.3 per cent of GDP annually due to poor sanitation. Zaid Jurji, Chief of Water, Sanitation and Hygiene Section at UNICEF Nigeria joins CNBC Africa to discuss the wider impact of Nigeria's lapses in sanitation.
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.
16 Jul 2019
China's second-quarter growth has slowed to 6.2%, its weakest rate in almost three decades. The figure reflects trade pressure from the US and weakening global demand.
Latest
2 hours ago
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
7 hours ago
A small group of women rallied in the Afghan capital for the first time in months, demanding a return of their freedoms, after the Taliban reneged on promises to maintain the marginal gains women made in recent years.
7 hours ago
Europe's second-largest river is continuing to dry up, affecting freight barges and even forcing one passenger ferry to halt its operations entirely. But rain is forecast this week.
8 hours ago
Spaniard Rafa Nadal said Sunday that he hopes to return from an abdominal injury this week in the Cincinnati Open after not playing for more than a month.
8 hours ago
While the fight for supremacy on the battlefield continues, it seems the fight for the hearts and minds of the Russian people may have already been won. Support for the war remains high; so too does indifference. Pollsters are trying to find out why.