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Experts: Global Shipping Will Increase Nigeria’s GDP Earnings by $5.42bn

Experts have estimated that by increasing the participation of Nigerian-owned ships in global trade, Nigeria's Gross Domestic Product (GDP) can grow by $5.42 billion. 

NBS Set to Rebase GDP, CPI in November

The Statistician-General and Chief Executive of the National Bureau of Statistics (NBS), Mr. Semiu Adeniran, announced that the bureau has completed plans to rebase the country's Gross Domestic Product (GDP) and Consumer Price Index (CPI) in November this year. 

LCCI: Special Support Mechanism Must Be Implemented For Strategic Investors

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to provide special support mechanisms to strategic companies and industries that play a key role in achieving inclusive economic growth for the country’s Gross Domestic Product (GDP) in light of the current economic challenges facing Nigerian society.

IMF: Despite Economic Growth, Inflation Remains High In Nigeria

IMF: Despite Economic Growth, Inflation Remains High In Nigeria The International Monetary Fund (IMF) has said that despite the recovery of Nigeria’s economy that resulted in a 3.6 per cent year-on-year Gross Domestic Product (GDP) growth, inflation is still high in the country. The IMF said...

Nigeria Recorded N2tr E-Commerce Trade In 2020 – NEPC

Nigeria Recorded N2tr E-Commerce Trade In 2020 - NEPC The Nigerian Export Promotion Council says Nigeria recorded a total sum of $5 billion (N2.075 trillion) transaction on the e-commerce platform in 2020. This was revealed by the Executive Director/Chief Executive Officer,  (NEPC), Dr Ezra Yakusak in...

Nigeria’s Public Debt Set to Peak at N45tn in 2022

Nigeria’s Public Debt Set to Peak at N45tn in 2022 The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO...