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MAN lauds UNIDO’s move to reposition Nigeria’s manufacturing sector

The Manufacturers Association of Nigeria (MAN) has commended the United Nations IndustrialDevelopment Organisation (UNIDO) for its efforts aimed at repositioning the manufacturing sector in Nigeria for sustained growth by adopting global best practices and methodologies. Director, Research and Economic Policy Division, MAN, Dr. Oluwasegun Osidipe, gave the commendation at the ‘MAN National Stakeholders Sensitisation Workshop of […]

Manufacturing’s share of capital inflows shrinks to 2.76%

…Despite 132% surge in total importation By Yinka Kolawole Capital inflows into Nigeria’s manufacturing sector suffered a sharp decline in the first nine months of 2025 (9M’25), even as overall capital importation into the country recorded a huge surge, figures from the National Bureau of Statistics (NBS) have shown. According to the data, capital importation into the […]

Depositors of defunct Heritage Bank appeal to Tinubu, CBN for bail out

By Florencemary Nwabueze Depositors of defunct Heritage Bank whose money were trapped in the bank have appealed to President Bola Tinubu and the Central Bank Governor, Olayemi Cardoso, to ensure a swift and full reimbursement of all depositors affected by the liquidation of the bank. They also called for immediate bailout funds to the Nigeria Deposit […]

Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […]

FG begins implementation of Executive Order on oil, gas revenues

By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosing this in a statement yesterday said a Technical Committee has been set up to ensure payment of the affected revenues into […]

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