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
38 mins ago
Nigerian chess master Tunde Onakoya has broken the world record for the longest chess marathon, playing nonstop for 60 hours in Times Square, New York. The previous world record was 56 hours, nine minutes, and 37 seconds by Norwegian duo Hallvard Haug Flatebø and Sjur Ferkingstad in 2018. READ ALSO:Tunde Onakoya sets new world record…
55 mins ago
The Minister for Communications, Innovation and Digital Economy, Dr Bosun Tijani has announced strategic partnerships with Cisco, 21st Century Technologies like Awarri and DataDotOrg.
1 hour ago
World leaders appealed for calm Friday after reported Israeli retaliation against Iran added to months of tense spillover from the war in Gaza, with Iranian state media reporting explosions in a central province. Israeli officials made no public comment on the attack and Iranian officials played down its significance. Iranian Foreign Minister Hossein Amir-Abdollahian said…
1 hour ago
A surge of Chinese military aircraft was detected around Taiwan during a three-hour window on Saturday, Taipei's defence ministry said, a month before the self-ruled island's May 20 inauguration of incoming president Lai Ching-te.
1 hour ago
Two mayoral candidates were reported killed in Mexico on Friday, one in the country's northeast and another in the south, authorities said -- part of a wave of political violence ahead of June elections.
1 hour ago
In today's world, time is a precious commodity. We're constantly bombarded with the message that "time equals money," and the pursuit of financial security often feels like a never-ending treadmill. But what if there was another way?
2 hours ago
Some 800,000 people in a Sudanese city are in “extreme and immediate danger” as worsening violence advances and threatens to “unleash bloody inter-communal strife throughout Darfur,” top UN officials warned the Security Council.
2 hours ago
The committee to supervise the All Progressives Congress (APC) governorship primary in Ondo state, on Friday, said a total of 171,922 accredited members would vote on Saturday.
3 hours ago
Nigeria's Tunde Onakoya has set a new world record for the longest time to continuously play chess. “We have done it," Onakoya's X account announced earlier on Saturday. “We’re pushing to 60 hours, guys. We’re not stopping yet. Let’s keep going. Apart from setting the new record, Onakoya is also using the opportunity to raise…
4 hours ago
The Nigeria Football Federation (NFF) has said that it would unveil a new coach for the Super Eagles early next week. The Super Eagles have been without a coach since Portuguese, Jose Peseiro, left the job after leading the team to second position