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.
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.
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
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
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
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...
