Tag: Economy
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Nigeria’s economy ‘falling behind’, ‘slipping’ – World Bank
The World Bank has classified Nigeria’s economy in the the bottom tercile whose major characteristics include ‘falling behind’ and ‘slipping’. The bank said the Nigerian economy exhibited this characteristics since 1995 and this continued till 2018. The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance…
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Nigeria’s economy is recovering – IMF
The International Monetary Fund (IMF) says the Nigerian economy is recovering with increased Gross Domestic Product (GDP) in 2018 and falling inflation at the end of 2018. The Executive Board of the IMF stated this in its report at the conclusion of the Board’s consultation with Nigeria, according to a statement issued in Washington, DC…
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Importers responsible for Nigeria’s ailing economy – Audu Ogbe
Nigeria’s Minister of Agriculture, Audu Ogbeh, has explained how importers are wrecking the Nigerian economy. He specifically said importers were the greatest wreckers of Nigeria’s efforts to promote patronage of locally produced products. Ogbeh made this known in Abuja on Tuesday when he appeared before the National Assembly Joint Committee on Agriculture to defend the…
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5G to contribute $2.2 trillion to global economy
The latest generation of cellular mobile communications, 5G currently the rave of mobile connectivity, will contribute a whopping $2.2 trillion to the global economy over the next 15 years, according to a new report authored by GSMA Intelligence. TheNewsGuru (TNG) reports key sectors such as manufacturing, utilities, and professional and financial services will benefit the…
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Will PDP or APC rescue he economy?, By Henry Boyo
BY HENRY BOYO The palpable public anger provoked by the sudden postponement of the Presidential and Federal Legislative elections, in the early hours of February 17, 2019, i.e. barely 6 hours before polling should have commenced, may have since become tempered, even though the perceived odium of this ugly incident may linger for a while.…
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Expert urges FG not to approve importation of indigenous technology
An Information Communication Technology (ICT) expert, Mr Badmus Ajayi, has urged the Federal Government to decline approval for importation of ICT technologies that can be sourced locally. Ajayi, who is the Managing Director of Pinnacle Informatics, an ICT company, made the call in an interview with News Agency of Nigeria (NAN) on Tuesday in Abuja.…
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What we will do to Nigeria’s economy if Buhari is reelected – Niger Delta militants
The Niger Delta Avengers have threatened to halt crude oil flow from the Niger Delta and cripple the economy if President Muhammadu Buhari is re-elected. The group who said this on Thursday decried what it described as the “continuous criminal exploitation and exploration of our natural resources that engender the underdevelopment of the Niger Delta.”…
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Nigeria’s GDP increases as non-oil sector grows by 2.70% – NBS
The National Bureau of Statistics (NBS, said Nigeria’s Gross Domestic Product (GDP) grew by 2.38 per cent in real terms year-on-year as the economy recorded positive growth in the fourth quarter of 2018. The bureau said the economy recorded positive growth in the non-oil sector in the quarter as the sector grew by 2.70 per…
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Tighten your belts, Nigeria’s economy is in bad shape’ Buhari tells governors
President Muhammadu Buhari has told Governors of the 36 states of the federation that the economy of the country was in a bad shape. The President met with the Governors at the Presidential Villa, Abuja for about 30 minutes on Friday. Speaking with State House correspondents at the end of the meeting, the Chairman of…
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Nigeria’s economy grows by 1.81 per cent in third quarter – NBS
The National Bureau of Statistics (NBS) on Monday released the country’s Gross Domestic Product (GDP) report for the third quarter with the economy recording a growth rate rise to 1.81 per cent. Gross Domestic Product is the monetary measure of the market value of all the final goods and services produced in a period of…