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.
Nigerian auto policy: A look at high tariff on vehicle import
As part of the automotive policy introduced in 2014 to encourage local manufacturing and assemblage of vehicles, the Nigerian Government has increased tariff on imported vehicles from 20 percent to 70 percent.
The Guardian honours excellence in manufacturing
The maiden edition of The Guardian Manufacturing Excellence Award took place at the Eko Hotels&Suites on November 17 and major players in Nigeria's manufacturing sector were rewarded for their tenacity, excellence and innovation.
Nigeria's economy: recovery or fluke?
The Central Bank of Nigeria plans to reduce the country's inflation to between 10 to 11 percent by the end of this year and also plans to intervene more in the agricultural and manufacturing sectors.