Nigeria’s economy exits recession but the masses suffer severe economic hardship throughout the entire year …
RTag: Gross Domestic Product
Nigerian Economy Out of Recession
NIGERIAN economy has snapped out of its first recession in 25 years as Gross Domestic …
Challenges Ahead of Nigerian Economy
World Bank warns that Nigeria and other oil exporting nations in the Sub-Sahara Africa should brace up for daunting economic challenges …
Unemployment Rate in Nigeria is 7.5 Percent – NBS
The National Bureau of Statistics says that unemployment statistics as at the first quarter of 2015 is 7.5 Percent …
Nigerian Economy to Hit $1Trillion by 2025
Economic expert predicts that Nigeria’s economy will reach $1 trillion in the next 10 years …
Will Nigerian Banks Collapse in 2016?
Allan Gray Group, privately-owned investment company is predicting the some Nigerian Banks will bust or raise capital in 2016 …
Rethinking Strategies for Economic Development in West Africa
Regional experts at meeting on the validation of strategy for the implementation of the West Africa Common Industrial Policy have been urged to rethink strategies for economic development in the region …
Economic Diversification and Non-oil Export Growth Back on the Front Burner
A PEACEFUL outcome of the 2015 presidential election was the desire of the generality of Nigerians and the international community. Thankfully, we got it; and more. President Goodluck Jonathan converted his loss of the election to something remarkably positive for the country and for his legacy.…
Nigerians Generate 2,500 Megawatts of Back-up Power
THE Nigerian National Petroleum Corporation, NNPC, has said that Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil, AGO, popularly known as diesel. At a special session in the recently concluded 2015 Nigeria Oil and Gas, Conference in Abuja, David Ige, group executive director in charge of
Nigeria to Export Rice Soon
Nigeria will soon to be self-sufficient in rice production and will have enough of the product to export African countries …
NNPC Working to Meet Local Content Target
The Nigerian National Petroleum Corporation, NNPC, is leveraging on the Nigeria Content law to engage indigenous companies in the oil and gas industry …
FG Inaugurates New Textile Policy
THE federal government has inaugurated a national cotton, textile and garment policy targeted to realise $3 billion annually from textile exports. The policy is also expected to raise seed cotton production from 200,000 metric tonnes in 2003 to more than 500,000 MT by the end of this year. …
Events of the Year: Economy
NIGERIA’s economy in the year 2014 had a mixed bag of the good, the bad and the ugly. In the first quarter of the year the nation was greeted with the good news that the country has rebased its gross domestic product, GDP, from 1990 to 2010, resulting in the 89 percent increase in the estimated size of …
Telecoms Attracts N1 trillion Foreign Direct Investment
THE federal government has said that the Nigerian telecommunications industry attracted N1.08 trillion in foreign direct investment between 2011 and 2013. Omobola Johnson, minister of communications technology, who said this at the 2014 ministerial platform held by the ministry in Abuja, said the …
New Players in GDP Growth
– THE Nigerian Communications Commission, NCC, has expressed satisfaction in its contributions to the growth of the nation’s economy. The […]
Knowing More About Broadband
– Omobola Johnson, minister of communication technology launches broadband awareness campaign in Lagos as part of the ministry’s effort to […]
Sambo Woos Marubeni to Invest in Nigeria
– THE federal government has asked Japan’s Marubeni Corporation to invest in the country as there are many opportunities and […]