The Manufacturers Association of Nigeria (MAN) has warned that the impact of multiplicity of taxes imposed on the manufacturing sector in the country may hinder the sector from maximizing the potential gains in the African Continental Free Trade Area (AfCFTA). Director General of MAN, Segun Ajayi-Kadir, stated this in a paper he presented at the just […]
Stock market analysts have indicated that trading this week would be driven by the outcome of the anticipated Monetary Policy Committee, MPC, meeting scheduled for today and tomorrow as well as investors’ continuing reaction to the inflation figures announced last week by the National Bureau of Statistics, NBS. This comes at the backdrop of the sustained […]
Production at U.S. factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday. Manufacturing output dropped 0.3% last month following a downwardly revised 0.2% increase in March, the Federal Reserve said. Economists polled by Reuters had forecast factory output rising 0.1% after a previously reported 0.5% advance in March. Production […]
Nigeria has become the top investment destination for Indonesia in Africa, overtaking South Africa, with a trade balance in excess of $4.7 billion in 2022. President of NICCI, Mr. Ishmael Balogun, stated this at a press conference, in Lagos over the weekend, to announce the upcoming 3rd edition of the Nigerian-Indonesian Investment and Trade Forum (NIITF) […]
China’s industrial output grew 6.7 per cent year-on–year in April, accelerating from the 4.5 per cent pace seen in March, as the recovery in the manufacturing sector gathered pace. The official data released on Friday by the National Bureau of Statistics (NBS) came above a 5.5 per cent increase in a Reuters’ poll of analysts. However, […]
Nigerians no longer worry over what the state of the nation will look like tomorrow. Everyone is now focused on how to survive in the failing economy. It is no longer news that people’s purchasing powers have continued to decrease, as prices of goods and services continue to rise, unabated. The continuous rise has affected […]
The Police Command in Kaduna State said its operatives have killed two suspected bandits allegedly terrorising residents and recovered two AK-47 rifles from them. The Command’s Public Relations Officer, ASP Mansir Hassan, confirmed the incident to the News Agency of Nigeria (NAN) in Kaduna on Sunday. Hassan said, “On Saturday at about 0900 hours, armed […]
Abakaliki—Suspected warlords early, yesterday, attacked Ikachi village in the Akparata area of Effium in Ohaukwu Local Government Area of Ebonyi State, killing two persons and destroying property worth millions of naira. It was learned that the two killed were beheaded while seven persons were kidnapped and five houses burnt down. In a statement in Abakaliki, […]
The candidate of the All Progressives Grand Alliance (APGA), Dr Isaiah Osifo said, if elected governor in the September 21 election, he would replicate the performances of Peter Obi and Charles Soludo as governors of Anambra State under APGA. The APGA candidate described the party as a performing one. He also called on the electorates […]
Former Speaker of the Edo State House of Assembly, Hon Francis Okiye, a former governorship aspirant, under the Peoples Democratic Party (PDP), Hon Felix Akhabue, former Deputy Chief of Staff, Office of the Deputy Governor, Hin Kingsley Ehigiamusoe and thousands of their supporters on Sunday rejoined the All Progressives Congress (APC) at a rally in […]
