…Samsung to invest $300m in Nigerian Maritime By Omolola Dede Adeyanju The Nigerian Content Development and Monitoring Board (NCDMB) has called on African nations to optimise their supply chains in order to enhance local content development and drive economic growth.…
By Seun Ibiyemi Despite facing significant macroeconomic challenges in 2024, Nigeria demonstrated resilience with a 3.6% growth in Gross Domestic Product (GDP), aligning with the International Monetary Fund’s (IMF) forecast for Sub-Saharan Africa and surpassing the global average of 3.2%.…
The Maritime sector has once again been missing from the sector that contributed to the nation’s Gross Domestic Product (GDP) in the third quarter of 2024. In a press statement by the Special Adviser to the President on Media and…
…To build 3rd longest terrestrial fibre optic backbone in Africa …Targets 1.5% GDP growth, 70% broadband penetration By Blessing Emmanuel, Abuja The Federal Government has unveiled the launch of a Special Purpose Vehicle (SPV) that will boost the country’s digitisation…
…AfDB President lauds 15 African countries for surpassing 5% output growth By Sodiq Adelakun Africa’s real Gross Domestic Product (GDP) growth is predicted to reach an average of 3.8 percent and 4.2 percent in 2024 and 2025, according to the African…
The Economic Commission for Africa (ECA) says global Gross Domestic Product (GDP) will experience slow growth from 2.7 per cent in 2023 to 2.4 per cent in 2024. Mr Adam Elhiraika, Director, Macroeconomics and Governance Division of ECA, said this…
Following the discourse to revamp Nigeria’s economy from the prevailing strains, the new President Bola Tinubu led Federal Government has been urged to harness the potentials of Small Businesses in the Country, to achieve its 6 percent GDP growth rate…
Nigeria’s Gross Domestic Product (GDP) growth slowed by 2.31 per cent in the first quarter of 2023 on a year-on-year basis. The National Bureau of Statistics (NBS) made this known the Nigerian Gross Domestic Product Report Q1 2023 released in…
By Seun Ibiyemi The Central Bank of Nigeria is forecasting a Gross domestic product (GDP) growth rate of 3.2% in 2022. This is according to CBN Governor Godwin Emefiele. Mr. Emefiele made this remark as part of his personal statements at…
By Ariemu Ogaga, Abuja Analysts have expressed that 4.2 per cent Gross Domestic Product (GDP) projection in the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) by Federal Government is achievable provided it exhibits doggedness in its fiscal…
