GDP
23 Nov
The Federal Government, on Wednesday, vowed to plug leakages and loopholes impeding the collection of accruable revenues in the solid Minerals sector as well as achieving its target of 50% contribution to the gross domestic product of the country. Minister of Solid Minerals Development, , disclosed this in Abuja, during his familiarization tour to the…
21 Nov
About $100 trillion of global Gross Domestic Product (GDP) could be lost to Antimicrobial Resistance (AMR) by 2050, with low and middle-income countries most negatively impacted.
1 Nov
A foreign rating agency in a recent report joined Nigerians in bemoaning the fate that has befallen the nation’s legal tender, the naira, which had exceeded N1000 to the dollar threshold but seems to be recovering slowly at a little above N800 to the dollar.
21 Oct 2023
Aimed towards adding value to the Nigeria economy by contributing to Nigeria’s GDP through tourism, International Online Travel Agency (OTA), Travelwings.com has unveiled a brand-new base of operations in Lekki, Lagos recently.
27 Sep 2023
African countries, including Nigeria, must re-anchor fiscal policy through a credible medium-term strategy, undertake fiscal adjustment to bring debt back to a safer level, mobilise more domestic revenue and strengthen budget institutions to improve the implementation of fiscal plans to escape the debt trap.
13 Sep 2023
To illustrate the binding power of the poverty trap, let me share with you four intertwining indicators of national economic performance. Nigeria’s Agricultural contribution to GDP has remained constant for 45 years at 22-25%.
14 Aug 2023
With economic crisis worsening the brain drain syndrome, the engineering practice seems to be the worst hit, as many of the tech experts are leaving the country in droves to fulfill occupational and professional aspirations.
7 Aug 2023
Nigeria’s construction sector market is projected to reach $127.7 billion by 2026, with yearly average growth rate of three per cent between 2023 and 2026, according to ABiQ.
29 Jul 2023
Nigeria remains the most populous country on the continent and boasts of one of the largest economies in Africa. Our economy has historically been heavily reliant on crude exports, but the government has taken steps to diversify and strengthen other sectors.
5 Jul 2023
The modern retail sector has been identified as an important catalyst for achieving economic recovery. Speaking about the correlation between a buoyant retail sector and economic growth, Chief Executive Officer, FoodCo Nigeria Limited, Ade Sun-Basorun...
3 Jul 2023
Renowned Economist, Dr Muda Yusuf, has urged the Federal Government to address the social outcomes of its recent reforms, especially the inflationary pressure induced....
26 Jun 2023
Uncertainty, inflation and other macroeconomic challenges have continued to weaken foreign investors' appetite for stocks as the latest report by the Nigerian Exchange Limited (NGX) showed that the total value of transactions executed by domestic investors dominates the market by 76 per cent.
Latest
14 mins ago
Iran's state media reported explosions in the central province of Isfahan Friday, as US media quoted officials saying Israel had carried out retaliatory strikes on its arch-rival. Air defence systems over several Iranian cities were activated, state media reported, after the country's official broadcaster said explosions were heard near the city of Isfahan. Israel had…
2 hours ago
Adolphus Onyeama, an agriculture produce buyer resident in Borno State, has had several close shaves with death in the last 14 years. The Enugu State-born businessman has lived in the North for 26 years.
2 hours ago
The Minister of Federal Capital Territory, Nyesom Wike, yesterday had the last laugh at the highly staked National Executive Committee (NEC) of the Peoples Democratic Party (PDP), which retained its acting national chairman...
2 hours ago
Rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023, the World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated.
2 hours ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
2 hours ago
Raymond Nwachukwu, a civil servant who lives in the Ijaiye area of Lagos State and commutes over many kilometers to and from work in Lekki, claims that his biggest problem is getting sleep.
2 hours ago
The Nigerian Premier Football League (NPFL) has provided an opportunity for Heartland of Owerri to fight to save their season by lifting the ban, albeit provisionally, on Dan Anyiam Stadium.
2 hours ago
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the country would be able to ramp up oil and gas production to feed Dangote and other local refineries by curtailing pipeline vandalisation and oil theft through its new partnership with the Nigerian Armed Forces.
2 hours ago
Ahead of Saturday’s gubernatorial primary of the All Progressives Congress (APC) in Ondo State, a chieftain of the party, Bola Ilori...
2 hours ago
Today is the second Friday of Shawwal 10th after the glorious month of Ramadan. We thank Allaah for making us see the beginning and end of Ramadan. We ask Allaah to grant us all the successes of the month as He accepts all our acts of Ibaadah and sacrifices.