Experts urge FG to scale stimulus package for economic revamp
To mitigate the impact of COVID-19, financial experts have advised the Federal Government to go beyond the 3.83 per cent aggregate stimulus response for Nigeria economy.
Despite coronavirus outbreak, Nigeria's economy grew by 1.87% in Q1
Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per…
Nigeria’s economy sluggish, dragging regional prospects, says report
The latest ICAEW economic report has described Nigeria’ economic performance as being sluggish and weighing heavily on West and Central Africa’s prospects, with regional growth rising...
‘Nigeria’s economy under siege over bad government choices’
The country’s quest to overcome growth and development challenges will remain a mirage as government continues to prioritise huge consumption above capital investments, says a report by the Central Bank of Nigeria
Nigeria budgets for inefficient monopolies - Wale Oluwo
Olawale Oluwo is a former Lagos State Commissioner for Energy and Mineral Resources who resigned his appointment at the tail end of the Lagos State Governor, Akinwumi Ambode tenure. Oluwo, who was the speaker at the Afang Summit held recently in Lagos, a monthly gathering of men and women from all sectors of the economy…
Nigeria's economic growth slows down in second quarter
Nigeria's economy grew year-on-year in the second quarter of 2019 by 1.94%, riding on the back of stable oil prices to push the half-year (H1) growth to 2.02%, Nigeria's bureau of statistics said on Tuesday. However, when compared to 2.10% recorded in the first quarter of 2019, the Q2 real growth rate indicates a decline of…
Nigeria’s GDP grows by 1.5% in Q2- NBS
The National Bureau of Statistics (NBS), said Nigeria’s Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter.
Why economy is working under Buhari - Osinbajo
Yemi Osinbajo stated this yesterday at the Financial Times Africa Summit holding at the Claridge’s Mayfair Hotel in London, said that the government in the past months had been working assiduously to improve macro-economic conditions.
‘Canon’s interest is to deepen market penetration in Nigeria’
The potential of the company is the potential of the country. Though, our market share especially in Nigeria is lower than in other countries, it simply means we have the opportunity to accelerate our growth.