Nigerian Bureau of Statistics
Nigeria’s seaborne trade hits N8.6 trillion in Q3
Nigeria's import and export with its trade partners through water transportation has been estimated at N8.6tr in the third quarter of 2019.
Nigeria maintains growth momentum at 1.92 per cent
The nation’s economy has officially been declared to be fully on growth path with the unveiling of the growth figures for the fourth quarter (Q4) of 2017 at 1.92 per cent. The Nigerian Bureau of Statistics, yesterday, affirmed that the Gross Domestic Product (GDP) grew by 0.83 per cent on average in 2017, representing 2.42…
Experts chart path to job creation through economic diversification
Until indices that drive the economy and expand employment are prioritized, the rate of unemployment in the country will continue to rise, economic experts have said. They argued that what drives employment is consumer demand and if the consumer demand is high, investors, producers and manufacturers would expand their capacities which would in turn create…
IMF warns central banks of rising financial market risks
The IMF, while unveiling its 2017 Global Financial Stability Report in Washington DC yesterday, urged the central banks to now plan a well communicated programme for unwinding unconventional policies to ward off market turbulence.
Government to broker more domestic debt deals this week
Specifically, DMO will sell a four-year maturity bonds worth N40 billion and N50 billion apiece for 2027 and 2037 maturity bonds through the usual Dutch auction system.
Reserves near $25b low as demand pressure persists
The nation’s reserves have fallen to $25.16 billion over unending demand pressure and challenges of accretion due to drop in major foreign exchange earners, particularly crude oil.
Managing through a recession
“Tough times never last. But tough people do”. This is an aphorism that many Nigerians would do well to bear in mind, especially business owners and managers. The problem is that it is better said than done
Path to nation’s economic recovery, by experts
For the nation to recoverfrom the current economic woes, capital market stakeholders have urged federal government to seek guidance from financial experts in Nigeria and countries that have witnessed a similar problem.
Nigeria’s unemployment scourge
The level of unemployment in Nigeria today is too alarming and should immediately engage the attention of those in power before its dire consequencies consume the country.