Financials & Economy

Manufacturing sector growth slows to 19.2%

Growth in Nigeria’s manufacturing sector shrank to 19.2 percent in the fourth quarter of 2014 as poor electricity supply, with high input cost, occasioned by depreciating naira continued to bite hard on businesses, among several other challenges.

Depressed economy hits Delta

ZIMBABWE – Listed brewer Delta Corporation (Delta)’s attributable income slumped seven percent to $44,1 million in the half year to September 2014, as depressed economic activity hit lager beer demand.

GDP grew by 6.23 per cent in third quarter

NIGERIA – Nigerian economy when measured by the Real Gross Domestic Product[GDP] grew by 6.23 per cent in the third quarter of 2014,higher by 1.06 percentage points from rates recorded in the Third quarter of 2013, and lower by 0.31 percentage points from the Second Quarter of 2014.