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Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time

Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week.The Debt Management Office (DMO)...

Business

Nigeria’s Economy Is Crashing, CBN Should Stop Interest Rate Hike- Uwaleke

The President of the Association of Capital Market Academics of Nigeria, Professor Uche Uwaleke has said the aggressive hike in the monetary policy rate...

Business

Non-oil sector contributed 93.6% to GDP in Q1 2024 — NBS

The non-oil sector contributed 93.62 percent to Nigeria’s Gross Domestic Product (GDP) growth in the first quarter of 2024.The National Bureau of Statistics (NBS)...

Business

Nigeria’s Real GDP Grew By 2.98% Amidst Monetary Policy Tightening

Nigeria’s Gross Domestic Product (GDP) grew by 2.98 per cent in real terms in the first quarter of 2024.The development is coming amidst the...

Business

How Nigeria, Others Can Grow GDP, Reduce Dept Levels- IMF

The International Monetary Fund (IMF) has advised countries to adopt a fiscal policy mix that involves research and development (R&D) grants for innovative start-ups...

Business

Fuel Subsidy Removal Cuts Petrol Importation By 50%–FG

The Minister of Information and National Orientation, Mohammed Idris, has disclosed on Wednesday that Nigeria experienced a 50 per cent reduction in petrol importation...

Business

Services Sector Drives Growth As Nigeria’s Economy Expands By 3.46% In Fourth Quarter Of 2023

The National Bureau of Statistics on Thursday said Nigeria’s Gross Domestic Product grew by 3.46 per cent in the fourth quarter of 2023.The NBS...

Business

Agency lists factors that ‘ll shape economic growth in 2024

A Pan-African Credit Rating Agency Agusto & Co. has identified three major economic variables that are likely to have far reaching impact on Nigeria’s...

Business

GDP Report Reveals NNPC Limited Winning Fight Against Crude Oil Theft As Oil Production Hits 1.45 Million Barrels Per Day In Q3

A report released by the National Bureau of Statistics (NBS) has revealed that the Nigerian National Petroleum Company Ltd (NNPCL) is winning the fight...

Business

JUST IN: Nigeria’s economy grows by 2.54% in Q3/23 —NBS

Nigeria’s economy grew 2.54% in the third quarter of 2023 the National Bureau of Statistics (NBS) latest report on Nigeria’s Gross Domestic Growth (GDP)...

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