Africa’s GDP Growth Slowed By 65% – Report   Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed. The report, which was titled ‘Reimagining economic growth in Africa: Turning Diversity into Opportunity’, stated that Africa’s GDP...

Nigeria Records N931.1bn Trade Surplus In Q1, 2023   Nigeria recorded N931.1billion surplus trade in the First Quarter of the year, according to the National Bureau of Statistics (NBS). Its document entitled: “Foreign Trade in Goods Statistics (Q1 2023),” which The Nation obtained yesterday, stated in the...

In Four Months, Nigeria Loses N150bn To Gas Flaring   Oil and gas companies operating in Nigeria flared 92.3 million standard cubic feet, mscf, of gas, worth an estimated N150 billion between January and April 2023, according to a report by the National Oil Spill Detection...

Nigeria’s Economic Growth Too Slow To Reduce Poverty - World Bank   The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country. Meanwhile, the bank has retained its economic growth (Gross Domestic Product, GDP) forecast...

AU: Nigeria, Others Target $220b Revenue from Taxes Nigeria and other members of African Union are taking steps to enact legislation to attract additional revenue of $220 billion from taxes. Also, there are moves to boost generation by approximately $40 billion from cross border transactions. Members of...

Senate Grills AGF Over N910bn MDAs Loan   The Senate has indicted the Office of Accountant General of the Federation over failure to repay short-term loans given to Ministries, Departments, and Agencies from Special Funds Accounts totalling N910bn. The lawmakers discovered this after a thorough investigation by...