The National Bureau of Statistics (NBS) says Nigeria’s economy grew by 3.13 percent in the first quarter (Q1) of 2025, up from 2.27 percent recorded in the same period last year. In a statement released on Monday, the NBS said the growth was largely driven by the services sector, which recorded a 4.33 percent increase […]
…Says COVID-19 pandemic has negatively impacted crude oil prices, federation’s revenues …States to get $1.5bn from World Bank as economic stimulus to cushion impact of pandemic Motolani Oseni with agency report The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday, said Nigeria’s economy is heading towards a recession. The minister stated […]
President Muhammadu Buhari on Monday constituted a committee to assess the impact of the Coronavirus outbreak on Nigeria’s economy with a view to cut down the size of the 2020 budget and reduce the $75 oil benchmark. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, announced this while addressing State House correspondents […]
Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, says the Nigeria’s economy is big enough to accommodate a bigger and more attractive capital market. Uduk made this known in a statement issued by Mrs. Efe Ebelo, the commission’s Head of Corporate Communications, in Abuja on Sunday. She noted that capital market […]
President Muhammadu Buhari has said that his administration will continue to implement policies that will make Nigeria’s economy, which is already looking good and better. Buhari said this on Thursday while speaking with Mr. Jesper Kamp, the new Ambassador of the Kingdom of Denmark to Nigeria, at the Presidential Villa, Abuja. He said that Nigeria […]
…Grand corruption, Nigeria’s biggest obstacle to growth – Osinbajo The Federal Government has lauded the complementary roles being played by the largest indigenous conglomerate, the Dangote Industries Limited (DIL), in the transformation of Nigeria’s economy, saying the company deserved to be encouraged. Vice-President Yemi Osinbajo, who gave the commendation on Monday during the opening of […]
Yemi Osinbajo, Nigeria’s Vice President has claimed that appointments made by President Muhammadu Buhari are in of favour Christians as well as the southern part of the country. Speaking in an interview with a group of journalists and social media practitioners in Lagos weekend, the vice president countered allegations of nepotism against the President. The transcript of […]
Aliko Dangote, President/CEO of Dangote Group, on Wednesday, said his investments in the Lekki Free Trade Zone will earn the Nigeria N8 trillion turn over annually. The Africa richest man who spoke at the opening of the inaugural edition of the Lagos-Kano Economic and Investment Summit held at the Jubilee Chalets in Epe, Lagos, said […]
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 […]
Boboye Oyeyemi, Corps Marshal, Federal Road Safety Corps (FRSC), has called for the production of tyres in Nigeria to ensure a better quality of tyres for road users. Speaking on Monday in Abuja at a press briefing on updates of the 2017 special ember months patrol activities he said a major concern is that the […]
A delegation of the Movement of French Business (MEDEF), the first network of entrepreneurs in France, on Wednesday said that Nigeria would continue to attract more French companies. Phillip Labonne, The Head of the Delegation, according to NAN, said at a news conference in Lagos that Nigeria would continue to be a land of investment […]
Nigeria’s federal government is set to release another N750 billion to its ministries, departments, and agencies (MDAs) as part of the capital component of the 2017 budget. Kemi Adeosun, the country’s Minister of Finance, who made the disclosure Monday during a meeting with a delegation of investors from France, said the sum of N450 billion had […]
The size of Nigeria’s national budget has grown 2,866 percent from N299 billion in 1999 to N8.6 trillion as proposed in the 2018 budget presented by the president on November 7, 2017. Businessamlive reports that according to figures gleaned from BudgetIT, the size of the national budget in 1999 was N299 billion, growing to the […]
Leading international publisher of economic annuals, The Business Year (TBY) and the Lagos Chamber of Commerce and Industry (LCCI) have signeda Memorandum of Understanding (MoU)which will facilitate the research toward the publication of The Business Year: Nigeria 2018. Thepartnership was signed in Lagos by Cristiana Di Filippo, Country Manager at TBY, and Muda Yusuf, Director […]