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Business

FG Seeks $3.13bn Investment In Tomatoes, Fishery, Others To Address High Food Prices

The Minister of Agriculture and Food Security (FMAFS), Abubakar Kyari on Thursday said an estimated $3.13bn investment in tomatoes, fishery, cassava, dairy and maize...

Business

Experts Query Growth Pattern As NBS Says GDP Rose By 3.19%

Nigeria’s Gross Domestic Product (GDP) grew by 3.19 per cent (year-on-year) in real terms in the second quarter of 2024, the National Bureau of...

Business

IMF Downgrades Nigeria’s Economic Growth Projection To 3.1%

The International Monetary Fund has downgraded Nigeria’s Gross Domestic Product (GDP) growth for 2024 to 3.1 per cent as businesses shut down factories over...

Business

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...

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