Saturday , November 27 2021

Tag Archives: Economy

Nigeria’s GDP to Grow by 2.6% in Q2 2021 – FDC

Nigeria's GDP to Grow by 2.6% in Q2 2021 - FDC

Financial Derivatives Company Limited (FDC) has said the Nigerian economy is expected to grow by 2.6 per cent in the second quarter of this year, up from 0.51 per cent in Q1. Analysts at Lagos-based FDC, led by an economic expert, Mr Bismarck Rewane, said the expansion of the GDP …

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Twitter Suspension: LCCI Bemoans Damages on Businesses, Economy

Twitter Suspension: LCCI Bemoans Damages on Businesses, Economy

The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage the suspension of Twitter operations in Nigeria would cause. Its Director-General, Dr Muda Yusuf said many businesses, especially small medium enterprises (SMEs), leverage the micro-blogging social media platform for marketing and other promotional …

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Nigeria’s Inflation Rate Drops to 18.12%, Experts React

Nigeria’s Inflation Rate Drops to 18.12%, Experts React

Nigeria’s rate of inflation dropped to 18.12 percent in April 2021, the National Bureau of Statistics (NBS) said on Monday It was 18.17 per cent in March, shedding 0.05 per cent to close at 18.12 in April. The NBS said: “The Consumer Price Index, which measures inflation increased by 18.12 …

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Recession: Nigeria’s GDP Grows by 0.11% in Q4 2020

Recession: Nigeria's GDP Grows by 0.11% in Q4 2020

Nigeria’s Gross Domestic Product (GDP) recorded a slight growth of 0.11 per cent in the fourth quarter of 2020, the latest figures from the National Bureau of Statistics revealed on Thursday. The NBS disclosed in its report on ‘Nigeria’s Gross Domestic Product for Q4 and full-year 2020’ that the GDP …

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Osinbajo Decries COVID 19 Impact on Nigeria Economy

Vice-President Yemi Osinbajo on Sunday lamented the negative impact of the COVID-19 pandemic on the nation’s economy, saying only a few Nigerians can now afford to pay taxes. Osinbajo said this in a message he sent to the 11th Synod of the Church of Nigeria (Anglican Communion), Abuja Diocese, which …

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Nigeria’s Economy Rises by 2.27% YoY in 2019

Nigeria’s Gross Domestic Product grew in real terms by 2.27% year-on-year, a significant improvement compared to 1.91% recorded in 2018, and 0.82% recorded in 2017, according to data published today by the National Bureau of Statistics (NBS). 2019 On the other hand, the annual growth rate in real household consumption …

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