Tag: Private Sector

News

ICYMI: Private sector employments drop first time in seven months – Report

Nigeria’s private sector saw its first employment decline in seven months, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index report for November. The decrease in staffing levels, ending a six-month period of job growth, was mainly observed in the services sector, though the drop was modest. The decline in employment reflects the ongoing […]

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Creating business-friendly environment will boost diaspora remittances – Private sector

Members of the Organised Private Sector have called on the government to foster a business-friendly environment to attract increased diaspora remittances. They noted that remittances have become a crucial pillar of Nigeria’s economy, outpacing foreign direct investment in recent years. The World Bank reported that Nigeria received $20.1 billion in diaspora remittances in 2022, accounting […]