BVAS devices, other sensitive materials safe, secure, INEC assures Nigerians 

BVAS devices, other sensitive materials safe, secure, INEC assures Nigerians 

By Biodun Busari  The Independent National Electoral Commission (INEC) has assured the Nigerian electorate that Bimodal Voter Accreditation System (BVAS) machines were not kept in the facilities recently attacked and burnt by political thugs.  INEC also said other sensitive materials that would be used in conducting the 2023 general elections are secure and safe.  This […]
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PMI rises to 54.3 in November amid inflationary pressure —Stanbic report

PMI rises to 54.3 in November amid inflationary pressure —Stanbic report

By Peter Egwuatu The Purchasing Power Index, PM1, rose to 54.3 points in November 2022, from 53.6 points the previous month amidst rising inflationary pressure, according to Stanbic IBTC survey. According to the survey, business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers.  “In turn, […]

Manufacturers’ expenditure on alternative power surges 110%

Manufacturers’ expenditure on alternative power surges 110%

*N67.8 bn spent in the first half of 2022, up from N32.2 bn same period last year *Manufacturing output growth down from 5.8 % in first quarterto 3.0% *Demand further investment in power and commit to adding 10,000MW to current capacity By Yinka Kolawole As public power supply in Nigeria continues to degenerate, the manufacturing sector’s expenditure […]