MAN reviews PMI, says teething challenges of 2018 still unresolved
Latest multi-sectoral reviews of the Purchasing Managers’ Index (PMI), by the Manufacturers Association of Nigeria (MAN), performance across the sectoral groups have shown that not notable improvements have surfaced on critical manufacturing drawbacks. The report averred that upon marginal support…
CBN’s PMI sees expansion in business condition, manufacturing sector in July
The Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) continued to show expansion in business conditions, as manufacturers and service providers confirmed sustained improvement in their overall operations. That was highlighted by the PMI report for the month of…
Top rated brands often face challenge of pass-offs, outright faking—Berger Paints boss
The Managing Director of Berger Paints Plc., Mr. Peter Folikwe has revealed that “Most top rated brands often face the heinous challenge of pass-offs on their brand or outright faking of their product brands,” stressing that “Berger Paints is not…
Activities, sights and sounds of Nigerian economy last week ending June 2, 2018
Starting on a good note, business conditions remained healthy, with manufacturers and service providers reporting continued improvement in their overall operations according to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) report for the month of May. Otherwise,…
Strategic developments on Nigeria economy last week ending May 5, 2018
At the beginning of last week, the Central Bank of Nigeria (CBN) released its Purchasing Managers’ Index (PMI) report for the month of April, showing sustained improvement in manufacturing and non-manufacturing activities during the month. Specifically, both manufacturing and non-manufacturing…
Sights and sounds of Nigerian economy last week ending April 7, 2018
Whereas the hopeful week began with the Central Bank of Nigeria’s (CBN) release of its Purchasing Managers’ Index (PMI) report for the month of March, showing sustained improvement in manufacturing and non-manufacturing activities during the month, it came to an…
Real sector easing out of recession as March PMI increases to 56.7 per cent
The cries by the oragnised private sector that even though the nation has exited recession, the manufacturing sector is still held by the scourge is fading away gradually as March 2018 Purchasing Managers’ Index (PMI) data show sustained improvement in…
Latest CBN’s PMI shows notable expansion in most sub-subsectors
Latest data on Purchasing Managers Index (PMI) report for September, released by the Central Bank of Nigeria (CBN) has revealed rising capacity expansion in most sub-subsectors of the economy. This therefore affirms Nigeria’s exit from recession. The Manufacturing and Non-Manufacturing…
Impacts of CBN forex drive results in manufacturers’ rising raw materials inventory
After several months of sustained foreign exchange intervention by the Central Bank of Nigeria (CBN), indications have emerged showing rising activities in the nation’s real sector. Latest Manufacturing Purchasing Managers’ Index (PMI) increased to 52.9 index points in June 2017,…
Recession receding as manufacturing sector expands for 3rd consecutive month
Fresh data from the Central Bank of Nigeria (CBN), has shown that the manufacturing sector if the economy witnessed expansion for the third consecutive month. Statistics from the Purchasing Managers’ Index (PMI) which measures the size of the nation’s manufacturing…
