Main Menu

Tag: gross domestic product

NBS: ICT Sector Contributed 18.44% To Nigeria’s GDP In Q2, 2022

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday said Information and Communication Technology (ICT) sector had contributed 18.44 per cent to ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022. This isRead More

Oil Production Challenges, Inflation Retard Nigeria’s Economy In Q2 2022

Nigeria Oil Refinery
GDP growth slows to 3.54%, non-oil sector contributes 93.67% Nigeria Gross Domestic Product (GDP) grew by 3.54 per cent (year-on-year) in real terms in the second quarter of 2022, theRead More

NBS: Nigeria’s GDP Rose 3.98% In Q4 2021

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday disclosed that Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent in the fourth quarter of 2021, as the value of theRead More

Kyari: Nigeria’s Economy No Longer Dependent On Oil Revenues

NNPC Group Managing Director, Mallam Mele Kyari
Says country not ready for electric vehicles Barkindo insists oil to remain relevant in foreseeable future The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam MeleRead More

Report: FG’s Domestic Borrowing To Exceed N2.6trn In 2022

Coronation Merchant Bank (CMB)
NBS Understates Economy by 25%, Says PwC Economist The Coronation Merchant Bank (CMB) has projected that the federal government’s domestic borrowings in 2022 would exceed N2.6 trillion, while estimating thatRead More

NBS: GDP Grew By 4.03% In Third Quarter

National Bureau of Statistics
The National Bureau of Statistics (NBS) yesterday revealed that Nigeria’s Gross Domestic Product (GDP) grew by 4.03 per cent in the third quarter (Q3) of 2021, compared with the 5.Read More

Salami: With Debt Service-to-Revenue at 98%, Nigeria’s Borrowing Unsustainable

Chairman of President Muhammadu Buhari’s Economic Advisory Council (EAC), Dr. Doyin Salami
Asks FG to sell off N900bn dead assets to enhance fiscal position Nigeria’s public debt grows to N35tn, says DMO Nigeria’s current public debt stock is unsustainable even though theRead More

Again, OPEC Cuts 2021 Oil Demand, Projects Q2 Rise

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC), projected yesterday that world oil demand in 2021 will rebound more slowly than previously thought but added that it will pick up inRead More

Analysts Foresee Faster Economic Recovery As Oil Price Hits $60

International Monetary Fund (IMF)
IMF urges FG to embark on aggressive revenue mobilisation Advises FG to raise VAT to 10% by 2022 Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oilRead More

With $60 Per Barrel, FG In Dilemma Over Deregulation

Crude oil
Fear of social disturbances stalls new pump price FG now subsidising PMS without budgetary provision As Brent Crude traded at $59.34 per barrel at the international oil market on Friday,Read More