Interesting Facts on Nigeria's Economy By Salisu Na'inna Dambatta       As Nigeria's economy reportedly grew in size from a GDP worth $404 billion in 2016 to a hefty $505 billion in 2020 under the watch of the President Muhammadu Buhari-led administation, the country's march to join the...

Some PIB Provisions May Hurt Oil Industry, Economy – LCCI         The Lagos Chamber of Commerce and Industry said on Sunday that some provisions in the Petroleum Industry Bill, currently in the National Assembly, could adversely affect the growth of the industry and the overall economy. The...

Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON         The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government,...

Minister Asks Nigerians To Explore $3.4trn AfCFTA Economy       The Federal Government on Wednesday called on Nigerians, particularly industrialists, to take advantage of the inherent opportunities in the $3.4tn economy of African Continental Free Trade Agreement to promote made-in-Nigeria goods. Minister of Industry, Trade and Investment, Adeniyi...

New Gas Project To Add N2.8trn To Nigeria’s Economy         About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expected to...

Rising Inflation’ll Weaken Economy – CBN Survey       Rising inflation will weaken the country’s economy, a new survey by the Central Bank of Nigeria has revealed. The statistics department of the CBN disclosed in its inflation attitudes survey report for the fourth quarter of 2020 that respondents...