According to data released by National Bureau of Statistics, Nigeria’s gross domestic product grew by 2.27% in 2019. Recall that the International Monetary Fund (IMF) had projected that the nation’s economy would grow by 2.1% in 2019. Nigerian Gross Domestic Product report released by the bureau on Monday, indicated that the economy grew by 2.55% […]
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The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private capital investment as well as increased support to youth development as catalysts for driving the much needed economic growth on the continent. Elumelu said this while speaking on a panel at the UK-Africa Investment Summit 2020, in London. […]
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The World Bank on Friday expressed its willingness to provide technical support to Nigeria in critical areas to facilitate the country’s economic growth and development. The bank’s Vice President for African Region, Mr Hafez Ghanem said this in a statement issued by Mr James Akpandem, Special Adviser to the Minister of Budget and National Planning […]
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The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. The Bank om its January 2018 Global Economic Prospect report launched on Tuesday in Washington DC noted that Nigeria’s Gross Domestic Product (GDP) is […]
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The National Bureau of Statistics, NBS, on Friday said Nigeria’s inflation rate dropped from 16.05 per cent in July to 16.01 per cent in August. The NBS made this known in its Consumer Price Index, CPI, report which measures inflation. The development, the NBS noted, is the seventh consecutive month that the index would be […]
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The International Monetary Fund (IMF) projects that Nigeria’s economy will grow at a faster pace than the South African economy in the 2018 fiscal year. According to its World Economic Outlook (WEO) for July 2017, the IMF said Nigeria will grow at 1.9 percent in 2018, while South Africa will only climb by 1.2 percent. […]
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The International Monetary Fund (IMF), says the UK and US economies will expand more slowly in 2017 than previously predicted. As reported by the BBC, IMF said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast. And the IMF revised down […]
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