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Farooq

Posts Tagged "nigerian economy"

HomePosts Tagged "nigerian economy"

Ifeanyi Onuba, Abuja The National Bureau of Statistics on Monday released the Gross Domestic Product growth rate for the country with the economy recording a 1.4 percent increase in growth rate in the third quarter of this year. This is the second consecutive positive growth since the emergence of the economy from recession in the […]

ABUJA and LAGOS (Bloomberg) — Nigeria’s economic growth accelerated in the third quarter as oil output rose to the highest since the start of last year. The gross domestic product of Africa’s largest crude producer expanded 1.4% in the three months through September from a year earlier, compared with a revised 0.7% in the second […]

LAGOS, Nov 15 (Reuters) – Annual inflation in Nigeria slowed for the ninth month in a row in October, easing to 15.91 percent, the National Bureau of Statistics (NBS) said on Wednesday in a report. A separate food price index showed inflation at 20.31 percent in October, compared with 20.32 percent in September. “The rise […]

LAGOS, Oct 17 (Reuters) – Annual inflation in Nigeria slowed for an eighth month in September, easing to 15.98 percent, the National Bureau of Statistics (NBS) said on Tuesday. The rate of annual inflation was 0.03 percent percentage points lower than the rate in August. A separate food price index showed inflation at 20.32 percent […]

Olufemi Atoyebi, Ibadan The Chairman of the Western zone of the Institute of Chartered Accountants of Nigeria, Mikahil Ogundiran, has called on the Federal Government to free the nation’s economy from dependence on oil by focusing on other sectors for foreign earnings. According to him, this will sustain the economy and allay the fear of […]

The over 20 million Small and Medium scale Enterprises (SMEs) in Nigeria recorded about 27 per cent international trade between March and May 2017, aided by the use of digital tools. The Nigerian firms are ahead of others grouped together in the Middle East and Africa (MEA) region. Egypt had 25 per cent exposure; South Africa […]

Obinna Chima One of the leading financial advisory firms in the world, UBS Wealth Management’s Chief Investment Office (CIO), has predicted that the Gross Domestic Product (GDP) of some economies in Africa, such as Egypt, Kenya and Nigeria, can comfortably grow at five per cent or more in the years ahead. The firm stated this […]

Obinna Chima Only the top one per cent of Nigerians enjoyed while the level of inequality increased during the oil boom that predated the recent economic recession in the country, a report has stated. The Financial Derivatives Company Limited, stated this in its Economic Bulletin for August 2017, obtained recently. According to the research and […]

By Paul Carsten ABUJA, Sept 5 (Reuters) – Nigeria moved out of recession in the second quarter but the pace of growth was slow despite higher earnings from oil, suggesting Africa’s largest economy remains fragile and dependent on its dominant export. Growth was 0.55 percent year-on-year, the statistics office said on Tuesday, while OPEC data […]

Nigeria, Africa’s largest economy, is finally out of recession! The National Bureau of Statistics (NBS), who declared Nigeria’s worst recession in 29 years, said on Tuesday, that the west African country grew by 0.55 percent in GDP terms for Q2 2017. According to the Nigerian Gross Domestic Product report released by NBS on Monday, the […]