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...

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...

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...

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....

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said a total of 67,164.02 tons of lead and zinc ore worth $23,561,886.63 were extracted and exported from the country in 2014, making them the highest exported solid minerals in the country for that period. NEITI, which...

The Federal Government has injected over N2.419tn into the economy out of the total of N6.06tn budgeted for 2016, according to its 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper. The figure covered recurrent and capital expenditures incurred as of the end of June...