Recession: Nigeria In Need Of Expansionary Economic Policy By Abdulhaleem Ishaq Ringim         Recession is a function of a country’s Gross Domestic Product(GDP); which is defined as the cumulative value of all finished goods produced and services rendered in a country within a year(although usually calculated quarterly). The...

Air Travel Earns $1.7bn Annually, Create 341,000 Jobs       Contribution of the air travel sector to the country’s Gross Domestic Product (GDP) has been put at $1.7 billion yearly, with at least 341,000 direct jobs. The Commissioner of the Accident Investigation Bureau (AIB) Nigeria, Akin Olateru, made...

Half Year Real GDP Stands At 12.18% - NBS         The National Bureau of Statistics (NBS) yesterday said the real Gross Domestic Product (GDP) growth rate for the first half of this year was -2.18 per cent year-on-year. It said in the first quarter (Q1) of this...

Real Estate Sector Contracted By 8.06% In Q3         The real estate sector of the economy contracted by 8.06 per cent in the third quarter of 2020, according to latest figures obtained from the 2020 quarter report of the National Bureau of Statistics. Part of the report...

Aviation Sector Contribution To GDP Contracts By 38.86%       The Gross Domestic Product report released by the National Bureau of Statistics has shown that air transport under the transportation and storage sector contracted by 38.86 per cent in the third quarter of 2020. The subsector contracted by...

Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country entered into last Saturday. Finance, Budget and National Planning Minister, Mrs Zainab Ahmed stated this at the start of the 26th...