NCC pumps N362.34bn to FG, harps on Economic Diversification in Nigeria
The Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta has described as key the role of telecommunications to the diversification of the nation’s economy. Prof. Danbatta made this assertion in his presentation to Course 29 Participants at the…
Double edged-sword as rising oil price means GDP growth, fuel price hike, scarcity
The rising global oil price, according to industry experts means two critical things for Nigeria. One, goodwill as it will jump up real Gross Domestic Product (GDP) growth over the coming quarters. The second condition that are usually associated with…
Nigeria distances self from recession, hits 1.4% GDP growth rate in Q3
Latest revelation from the National Bureau of Statistics (NBS) on Monday showed that Nigeria’s chances of plunging back to recession may not exist in the near future as the released Gross Domestic Product (GDP) growth rate for the country recorded…
Come and invest in Nigerian maritime industry, NIMASA tells Europeans
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that Africa is ready to engage on equal terms with the rest of the world in the area of maritime businesses; hence Nigeria…
Recession bites harder as Nigeria’s first quarter GDP growth ebbs by -0.52%
The National Bureau of Statistics (NBS), Tuesday released the Gross Domestic Product (GDP) growth rate report for the first quarter, showing that the economy shrunk by -0.52 per cent in the first quarter of this year. Analysts say the implication…
