Nigeria’s private sector recorded stronger growth in August 2025 as improved customer demand and easing inflationary pressures boosted business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ …
manufacturing sector
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BusinessEconomyEmploymentFinanceInflationManufacturing
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BusinessCorporate EarningsEconomyFinanceManufacturingNigeriaStock Market
Cutix Plc Profit Falls 81% in Q1 2025 Despite Rising Assets
Cutix Plc, a Nigerian cable manufacturing company listed on the Nigerian Exchange, has reported a sharp decline in profit for the first quarter of its 2025 financial year. The company’s …
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BusinessDevelopmentEconomyEventsGOVERNMENTManufacturingNewsNigeriaPoliciesTrade and Commerce
FG Backs West Africa Industrial Summit, Pledges Support for Regional Manufacturing Growth
The Federal Government of Nigeria has announced its full support for the upcoming West Africa Industrialisation, Manufacturing and Trade (IMT) Summit and Exhibition, set to hold in Lagos from October …
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BusinessEconomyFinance & ServicesManufacturingMarketsNigeria
Morison Industries Cuts Loss to N18.55bn in Q1 2025
Morison Industries Plc has reported a loss of N18.55 billion for the first quarter ended March 31, 2025, an improvement from the N28.46 billion loss it recorded in the same …
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AFRICA NEWSBusinessBusiness InsightsEconomyFinance & ServicesManufacturingMarketsNigeria
Guinness Nigeria Bounces Back with N6.7bn Profit in Nine Months
Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …
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BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
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AgricultureBusinessEconomyFinance & ServicesGOVERNMENTPolicies
Nigeria’s Non-Oil Exports Rise, CBN Pushes for More Forex Inflows
Nigeria’s efforts to reduce its heavy reliance on oil revenues are beginning to show results. The Nigerian Export Promotion Council (NEPC) recently reported that the country’s non-oil exports grew by …
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BusinessEconomyFinance & ServicesManufacturing
Forex Wahala: Nigerian SMEs Struggle as Naira Crisis Deepens
Small and medium-sized businesses across Nigeria are groaning under the weight of the forex crisis as the naira continues to fall and the foreign exchange market remains unstable. For many …
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Banking, Finance & InvestmentBusinessBusiness and EconomyEconomyFinance & ServicesManufacturingNigeriaWestern Africa
CBN Reports Sustained Growth in Nigeria’s Economic Activities
The Central Bank of Nigeria (CBN) has reported that Nigeria’s economic activities continued their upward trajectory for the second consecutive month, signalling gradual recovery and renewed optimism among businesses. In …