Rising states IGR supporting need for restructuring ahead 2019 elections
Strong indication emerged Friday last week, showing that several states who hitherto do not give credence to Internally Generated Revenue (IGR), have stepped up their drive and have made good returns. Analysts say, the development which is salutary to restructuring…
GDP: Whose figures’ll Nigerians believe more, FG or OPS?
Since the recent report of the National Bureau of Statistics (NBS) showing that Nigerian economy has distanced self far away from recession, considering recording 1.4 per cent rise in Gross Domestic Product (GDP), stakeholders in the Organized Private Sector (OPS),…
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…
NBS report casts doubt on NNPC’s claims of dropping products prices
Barely one month after the Nigerian National Petroleum Corporation (NNPC), came out to claim that prices of regularly used petroleum products including diesel, kerosene and even cooking gas have dropped, the latest report of the National Bureau of Statistics (NBS)…
Inflation now on steady month-on-month decline, drops to 15.91% – NBS
No doubt, Nigerian economy is gradually recovering from shocks it suffered in 2016. On Wednesday, the National Bureau of Statistics (NBS), unveiled the Consumer Price Index (CPI) showing that inflation rate dropped further in October to15.91 per cent. CPI measures…
FG heeds to Elumelu’s calls, begins harmonization of national economic data
The federal government has realized the importance of harmonized development statistics, not just for development planning, but in feeding foreign investors and international community with homemade figures that are accurate and reliable for investment planning. Before now, several development statistics…
Factors that drove Nigerian out of recession in Q2 unveiled
Since the release of data showing that the Nigerian economy exited recession in second quarter of 2017, the Business Hilights Economic Research Team (BHERT) started enquiry into what actually happened within the period that spurred a positive .055 per cent…
Governors’ believe in Nigeria’s exit from recession toes party lines
A sharp division between governors from the ruling All Progressive Congress (APC) and key opposition party, the People’s Democratic Party (PDP) on the trending issue of Nigeria’s announced exit from economic recession has been observed. Whereas Kaduna State Governor, Mallam…
Expect real impact of recession exit in 2019—-PwC
Lead audit firm, the PricewaterhouseCoopers (PwC) Nigeria has given fresh insight that full economic recovery from recession in the country can begin to reflect in 2019, if sustained real sector investment is driven. Analysts at the multinational consulting firm, said…
Mixed reactions on recession exit compel NBS to deny doctoring data
Following barrage of negative reactions trailing the recent announcement that the economy exited recession at the end of second quarter, the National Bureau of Statistics (NBS), has come out to deny that its Gross Domestic Product (GDP) report was not…
