April 4, 2024/CSL Research The Nigerian Manufacturing Purchasing Managers Index (PMI) gauges the activity level of purchasing managers in the manufacturing sector. A reading above 50 signals expansion, while below 50 indicates contraction. The March 2024 PMI remained steady at 51.0, mirroring February’s level and indicating consistent business activity. However, […]
Updates
Stewardship: Host Community Monarchs Laud Plan Director’s Leadership Style
April 3, 2024/Dangote Group Prominent Traditional rulers from Dangote Cement Ibese host communities have commended the leadership ingenuity of the outgoing Plant Director, Azad Nawabuddin saying his pleasant personality has boosted the cordial relationship between the cement company and the host communities. It was a moment of accolades for Mr. […]
Review of DMBs Minimum Capital Requirements
April 2, 2024/CSL Research Over the past weekend, the Central Bank of Nigeria (CBN) made significant announcements regarding the capital requirements for various categories of banks. The changes entail a substantial increase in minimum capital bases across board: Commercial banks with international authorization must now maintain a minimum capital base […]
