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Equities Appreciates by N881b in 11 Days

Nigerian equities surged to their highest level this year and reversed the negative overhang at the stock market as major scramble for shares by foreign and domestic investors spurred the equities market to a net capital gain of N881 billion in the past 11...

FG Targets N21tn Revenue from Agriculture

The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020. It stated that the country’s GDP from agriculture, which stood at N16tn in 2015, would be increased to N21tn in the next three...

Economy Shrank by 1.5% in 2016 – NBS

The National Bureau of Statistics has released the Gross Domestic Product growth rate for the country, with the economy recording a contraction of -1.3 per cent in the fourth quarter of 2016 and – 1.5 per cent for the year. The NBS explained that in...

Economy Performed Better Than Expected in 2016, Says Presidency

The Special Adviser to the President on Economic Matters, Adeyemi Dipeolu, stated this while reacting to the GDP figures released on Tuesday by the National Bureau of Statistics. He said though the figures reflected the "slowdown" in the economy for most of 2016, it also...

Reforming the Nigerian Tax System

In developed and emerging economies of the world, taxation remains a veritable source of revenue for government to put in place necessary infrastructure and economic development initiatives. It is on that note that analysts have called for reform of the Nigerian tax system to...

Getting Nigeria Economy Out of Recession

Nigeria’s 2016 budget was tagged budget of economic recovery and growth strategy. It was aimed at pulling the economy out of recession and stagflation. Africa’s largest economy slipped into recession second quarter of 2016 having had two consecutive quarters of negative GDP growth rate....