Major stakeholders in the Oil and Gas sector have decried the decline in the contribution of oil revenue to the nation’s Gross Domestic Product, GDP. News learnt that the oil sector has steadily dropped behind Agriculture, Trade, Telecommunications/ICT, and Real…
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) grew by 3.52 per cent in the fourth quarter of 2022 on a year-on-year basis. The NBS said this in the Nigerian Gross Domestic Product Report Q4 2022…
The presidential candidate of All Progressives Congress (APC), Senator Bola Tinubu, On Tuesday before the business community reiterated his desire to totally eliminate fuel subsidy regime if he is elected in the February 2023 election. This is just as the…
Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim Pantami has applauded consistent growth in ICT contributions to the nation’s Gross Domestic Product, GDP, which hit 17.92 % in the last quarter of 2020, and in the first quarter…
Ahead of the country’s 61st independence anniversary Oct.1, experts insist that the contribution of the capital market to the Gross Domestic Product (GDP) must improve. They spoke in separate interviews on Wednesday in Lagos, while reviewing the performance of the…
By Tobi Adetunji The real Gross Domestic Product (GDP) growth rate of Air transport, under the Transportation and Storage sector, increased by 4.98 per cent in second-quarter 2021, from a contrast of -11.78per cent recorded in Q1 2021. The National…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the borrowing level for Nigeria is still at 23 per cent of the Gross Domestic Product (GDP), adding that government borrowing is sensible and responsible. Ahmed said this…
By Olaleye Aanuoluwapo Rachael, Abuja A World Bank report has estimated that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s Gross Domestic Product (GDP) declining…
Analytical assessment of questions over the defining profile of the Nigerian economy with recession in view have been controversial. Although, figures contained in a National Bureau of Statistics (NBS) February report disclosed that the Country’s economy moved out of recession,…
Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC) has been identified as one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 per cent to the country’s Gross…
