The private sector experienced a contraction in July, marking the first decline in business activity in eight months. The Stanbic IBTC Purchasing Managers’ Index (PMI) fell to 49.2 in July, down from 50.1 in June, indicating a slight deterioration in…
Stanbic IBTC Bank Nigeria PMI signals strong economic recovery in January
In a promising start to 2024, the Nigerian private sector witnessed a robust recovery, as indicated by the latest data from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The PMI figures for January revealed a notable acceleration in both output…
Stanbic IBTC Bank Nigeria PMI: Output returns to growth, but cost pressures limit demand
Strong cost pressures meant that firms operating in the Nigerian private sector remained under pressure in September. Although new order growth quickened, helping to support a renewed increase in business activity, rates of expansion in each were only modest. Input…
Now Your Suffering Continues (NYSC) – Gbubemi Atimomo
…thoughts on the NYSC experience and its relevance or lack thereof in the Nigeria of today Now and again, some debate about the National Youth Service Corps (NYSC) pops up on social media like a stubborn boil. The discussion resurfaced…
Full text of Vice President Yemi Osinbajo’s speech at BUK Student Innovation Challenge
On Tuesday, September 4, Vice President, Prof. Yemi Osinbajo explained why the federal government, in collaboration with private sector, supports innovative, technology-driven ideas from varsities. The event was the Student Innovation Challenge held at Bayero University Kano (BUK), Kano State.…
Ambode slashes Land Use Charge – News
Governor Akinwunmi Ambode of Lagos state, today, announced a review of the contentious Land Use Charge law of 2018 which had pitched the government and state against its denizens. The governor announced a downward review of the LUC especially for…