Trade, Telecoms  Boost GDP Growth By 3.11% in Q1 The National Bureau of Statistics (NBS) announced that Nigerian economy has sustained a positive trend for the sixth consecutive quarter as it recorded a 3.11 per cent growth in the first four months of this year. The...

Nigeria’s Debt To GDP Still Low Says Finance Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed has reiterated that Nigeria’s debt to gross domestic products (GDP) ratio is still low at 33 per cent amidst concerns over heightened increased borrowing. She said this...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...

CBN Seeks To Slash Importation Bill By 35%       The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said efforts are ongoing to reduce the country’s import bill by about 35 per cent. He said President Muhammadu Buhari’s insistence about five years ago...

World Bank Outlines steps for Nigeria's Economic Revovery The World Bank has outlined faster steps for Nigeria's economic recovery apart from taking other measures to deepen ongoing reforms undertaken by the country. According to the Bank, the measures would assist avoid threats to the government’s macroeconomic...

Ogun State Govt Rakes In N40bn IGR In Q1, 2021       The Ogun state government has generated N40 billion Internally Generated Revenue (IGR) in the first quarter of 2021. The government also plans to increase the yearly Gross Domestic Product (GDP) from the current single-digit to 25...