Confidence of Manufacturing companies’ CEOs in Nigeria’s economy drops – Report

The Manufacturers CEO’s Confidence Index (MCCI) for the fourth quarter of 2022 has dropped to 55.0 points from the 55.4 points recorded in the third quarter of the year.

The development is contained in the Manufacturers Association of Nigeria’s (MAN) quarterly MCCI report presented on Wednesday in Lagos by Omotayo Okewunmi, MAN’s Public Relations and Communication Executive.

The News Agency of Nigeria (NAN) reports that MCCI is a quarterly research and advocacy publication that measures changes in the pulse of over 400 Chief Executive Officers (CEOs) and trends in the manufacturing sector.