National Executive Director, Centre for Agricultural Mechanisation (NCAM) Ilorin, Dr Yomi Kasali has canvassed agricultural training along the peculiar needs of geo political zones of Nigeria towards greater outputs and improved Gross Domestic Products (GDP) of the nation. Kasali, while addressing participants at the Training on N-Agripreneur in Milling and Threshing Enterprises at the NCAM, […]
Nigeria’s Gross Domestic Product (GDP) has declined from 1.95 percent recorded in the first quarter (Q1) to 1.50 percent in Q2 2018, indicting 0.45 percent contraction. The National Bureau of Statistics (NBS) in a report released on Monday, says the economy grew by 0.72 percent in the same period in 2017 (Q2 2017). However, the […]
The Nigerian Bureau of Statistics (NBS) has reported that for the first time since Nigeria’s exit from recession, the Gross Domestic Product (GDP) has recorded growth. Driven by the non-oil sector, GDP which grew by 2.05 per cent in the second quarters of 2018 represented the strongest growth in non-oil GDP since fourth quarter of […]
Following the latest released of the Nigeria’s Gross Domestic Product (GDP) growth rate of 1.92 per cent in the fourth quarter y/y as against 1.40 per cent y/y in the previous quarter, the Federal Government (FG) of Nigeria has reiterated that that 3.5 per cent growth estimated for 2018 year is on course. The Statistics […]
The Nigerian Bureau of Statistics (NBS) on Tuesday, released the GDP numbers for year 2017. The FY-17 growth came in at a positive 0.83 per cent amid stronger agriculture sector output, rebound in oil output and FX stability. But, a sectoral analysis released by United Capital (UCAP) on Thursday reveal that the Metal Ores sub-sector […]
…advocates low interest rate regime Sustenance of growth recorded by Nigeria’s non- oil sector will help to further boost rise in the gross Domestic product (GDP) of the country. Investment One research in its analysis of the Nigerian Bureau of Statics report (NBS) Q4 2017 GDP report released on Tuesday, which showed a stronger than […]
Full year report by the National Bureau of Statistics (NBS) has showed that the Nigeria’s Gross Domestic Product (GDP) grew by 1.92 while the economy grew by 0.82 per cent in 2017. The 0.82 per cent growth in GDP is an improvement over the contraction of -1.58 per cent which the economy recorded in 2016 […]
Some financial experts on Tuesday urged the Federal Government to create window of opportunities for the manufacturing sector to sustain the present Gross Domestic Product (GDP) growth. They stated this in separate interviews with the News Agency of Nigeria (NAN) in Lagos, while reacting to the third quarter GDP figure released by the National Bureau […]
The National Bureau of Statistics (NBS) latest economic report has said that the oil sector contributed 8.19 percent of total real GDP in the 3rd quarter of 2016. The sector’s 8.19 percent is down from figures recorded in the corresponding period of 2015 and the preceding quarter of 2016 recorded at 10.27 percent (2nd quarter) […]
For a long time to come, Small and Medium Enterprises would continue to be a dominant factor in the industrial acceleration process in Nigeria. It has aided the economic empowerment of citizens, thus enhanced the Gross Domestic Product (GDP) of the nation. Small and Medium Enterprises however, are plagued with certain obstacles which militate against […]
An expert in the maritime and oil sectors, Mr. Emeka Akabogu, has urged Nigeria’s President-Elect, Muhammadu Buhari, to address challenges mitigating against the growth of the maritime and shipping sector such as operational efficiency and massive outsourcing of services to foreigners. Akabogu, who is the Chairman, OTL Africa Downstream, noted that if the two major […]