Nigeria’s economy grows steadily as oil output rises
February 22, 2024 Nigeria’s economy grew 3.46% in the fourth quarter a similar pace as it did a year earlier, data showed on Thursday, as oil output picked up and…
WORLD ECONOMIC FORUM: VP Shettima Sends Strong Message to African LeadersÂ
Nigeria’s Vice President, Senator Kashim Shettima, has implored African leaders to work towards ramping up the total $3.1 trillion Gross Domestic Product (GDP) of countries on the continent, amounting…
CBN: Working Towards A Healthy Economy, By Arize Nwobu
Some of the parameters that are used to define a healthy economy include the levels of imports and exports, exchange rate, interest rate, unemployment rate, consumer confidence and inflation rate….
Broadband penetration on fast-tract, says Danbatta, unveils achievements
The national target to achieve 70 per cent broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the…
Telecom Contribution to GDP Hits 16% – Danbatta
The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data…
NBS names top three contributors to GDP as VAT revenue hits N1.49m in 6 months
Data released by the National Bureau of Statistics (NBS) on Monday showed that the top three largest contributors to GDP in the second quarter of 2023 were manufacturing with 29.64%;…
Tax reforms: We’ll borrow less and collect more tax – Tinubu, sets 18% Tax to GDP target in 3 years
President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden…
Amazon to invest $7.2b in Israel; rolls out local cloud data region
The Amazon logo in Santa Monica, California, September 6, 2012. (Reed Saxon/AP) US tech giant Amazon said this week that it expects to invest $7.2 billion through 2037 in Israel…
Nigeria revises 2021 tax-to-GDP ratio to 10.9% – FIRS
May 31, 2023 Nigeria has revised its tax-to-GDP ratio for 2021 to 10.86% from 6% following an adjustment to include revenues collected by other government agencies, the Federal Inland Revenue…
Africa’s growth remains low, inflation to remain high at 7.5% for 2023
April 5, 2023 Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration…