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Nigeria’s manufacturing sector gains momentum in November, first time in 6 months

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The manufacturing PMI rose to 50.2 points in November from 49.4 points recorded in October and 46.9 in September 2020.

The Manufacturing area picked up energy in November as the assembling Purchasing Managers’ Index (PMI) rose to 50.2 focuses, in the wake of suffering a half year of constriction because of the pandemic instigated lockdown.

This was uncovered in the most recent PMI report, distributed by the Central Bank of Nigeria (CBN).

Assembling PMI

As per the report, the assembling PMI rose to 50.2 focuses in November from 49.4 focuses recorded in October and 46.9 in September 2020.

The CBN report additionally uncovered that eight (8) out of the fourteen (14) overviewed subsectors, revealed extension (above half limit) in the month under survey in the accompanying request:

Transportation gear

Non-metallic mineral items

Furniture and related items

Concrete

Material, clothing, calfskin and footwear

Plastics and elastic items

Food, drink and tobacco items

Printing and related help exercises

The leftover 6 sub-areas announced withdrawals in the accompanying request: Electrical gear, Petroleum and coal items, Chemical and drug items, Primary metal, Paper items, and Fabricated metal items.

Out of the eleven records estimated, creation level, new requests, provider conveyance time, yield costs, input costs, and amount of buys, extended in November while the excess five revealed decrease — work level, crude materials/WIP stock, new fare orders, exceptional business/accumulation of work, and load of completed merchandise.

Non-fabricating PMI

Then again, PMI for the non-fabricating area remained at 47.6 focuses in November 2020 — showing easing back withdrawal in non-producing exercises.

In particular, of the 17 overviewed sub-areas, just three sub-areas announced development in the accompanying request:

Transportation and warehousing

Medical care and social help

Agribusiness

while expressions, amusement and diversion; proficient, logical, and specialized administrations; development; fix, support/washing of engine vehicles; utilities, water flexibly, sewage and waste administration; land rental and renting; convenience and food administrations; account and protection; data and correspondence; discount/retail exchange, instructive administrations and power, gas, steam and cooling gracefully announced decrease and the board of organization stayed fixed.

What this implies

PMI is an overview that is directed by the Statistics Department of the Central Bank of Nigeria and shows the adjustments in the degree of business exercises in the current month contrasted and the previous month.

For every one of the markers estimated, this report shows the dissemination file of the reactions, which is figured as the level of reactions with positive change in addition to half of the level of those detailing no change, aside from provider conveyance time, which is processed as the level of reactions with negative change in addition to half of the level of those revealing no change.

A composite PMI over 50 focuses shows that the assembling/non-producing economy is by and large growing. 50 focuses show that there is no change, while a PMI under 50 focuses demonstrates that it is for the most part contracting.

The lift in the assembling PMI shows that the Nigerian assembling area is recuperating from the impacts of the lockdown, executed because of the COVID-19 pandemic, which saw numerous organizations end tasks and worth chains upset.

Nigeria will would like to recuperate totally as it moves to pivot an approaching monetary downturn.

In spite of the fact that, it is significant that the work level actually contracted in the long stretch of November.

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Rage as Fela Kuti is not among the inductees into the Rock and Roll Hall of Fame 2021 class

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Godfather of Afrobeat, Fela Anikulapo Kuti who received the posthumous honour to be among those vying to be inducted into the Rock and Roll Hall of Fame 2021 some few months back, sadly failed to secure a spot despite being top two on the voting polls.

Fela Kuti gets shunned from the inductees despite being top two.

Today, May 12, the committee announced the inductees by means of a 3-minute video through president and CEO, Gregg Harris. Fela was nominated in the Performers Category, amassing a total of 545,000+ votes, making him the second most voted act after Tina Turner (548,000+ votes) but to the surprise of the masses, Fela was not included in the list of inductees.

Shockingly included are performers like rap icon and mogul – JAY-Z and LL Cool J who failed to secure a top five spot on the poll, infact, they were the least voted acts when voting concluded.

Although, quite frankly there is a disclaimer on the website were the poll was conducted, stating that votes do not guarantee induction but for a Top 2 voted act in Fela Anikulapo Kuti, that should not even be the case and Nigerians have taken to Twitter to express their disappointment at the ‘rigging’, ‘clout chasing’ and inconsiderate conduct regarding how the Rock and Roll Hall of Fame committee unjustly treated the voting polls and Fela Kuti.

On what might have transpired regarding the voting stage and selection of inductees, Fela’s first son, Femi Kuti had this to say:

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Video: Mojisola Oduola -Kabiyesi

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At last the long awaited video is out . KABIYESI The unquestionable God.

watch and make sure you subscribe to my YouTube channel. May God bless you as you do so.

This will surely serve as my birthday gift from my love ones.
Click on the link below

CLICK TO DOWNLOAD

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Funny tweets, memes and videos from Twitter NG for “Happy 420”

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Today’s date, April 20, stylised as 4/20 is a day worldwide commemorated by stoners or smokers of weed to celebrate marijuana. In short, it is treated as a public holiday for weed/marijuana and termed—Happy 420.

Twitter NG i.e users of Twitter in Nigeria, as it is the yearly custom are trending “Happy 420” as the number one topic in the country. While many really used the medium to share their unwavering love for weed, others have taken it upon themselves to make funny tweets, memes, skits and share several videos in relation to weed smoking and “Happy 420” as an entity.

While some tweeps take jab at those who don’t smoke weed but indulge in the “woke” culture by wishing stoners a “Happy 420”, others in their own way intentionally misinterpret certain scriptural verses for comedic purpose in order to aid and bait their smoking habits, still others take it upon themselves to disperse various memes which for sure will bring a smile upon your face. That’s not all, though, for we have some tweeps who did brainstorm to form some of the best puns concerning weed and stoners jokes ever. Well we can say irrespective of the way they passed their message regarding “Happy 420”, they all ended on a high note. Enjoy!

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