A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Nigeria is the most populous nation in Africa and already boasts the continent’s largest economy, and yet the broadband infrastructure is widely rudimentary, if not unavailable. Connection to the internet plays a major role in modern GDP, and while Nigeria’s near-40 million mobile phone owners are helping to boost this via their devices, broadband is seen as a necessity to achieve an increase in GDP.
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By Arize Nwobu THE Nigerian economy which is the 31st largest economy in the world by GDP has numerous challenges, including stagnation as a factor-driven economy for 60 years. According to the World Economic Forum’s Global Competitiveness Report, Factor-driven economies are “where countries compete primarily on the use of natural resources, unskilled labour and companies
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By Dele Sobowale Manufacturing declines as 2.27% GDP growth surpasses IMF projection—Punch, Tuesday, February 25, 2020, p 35. FOR a country so long starved of any good news, even a minor triumph must be celebrated by all of us. A buoyant economy is, after all, still one of the pillars of a good society –
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Nigeria’s Gross Domestic Product (GDP) grew by 2.55%(year-on-year) in real terms in the fourth quarter of 2019, according to a recently released report by the National Bureau of Statistics (NBS). The report surpassed the International Monetary Fund (IMF) projection of 2.1%. According to NBS, the overall GDP in 2019 indicated a real growth of 2.27%,
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Mr Godwin Eohoi, the Registrar, Institute of Finance and Control of Nigeria has advised the Monetary Policy Committee (MPC) to ensure its decision will propel sustainable growth of Nigeria’s Gross Domestic Product (GDP).
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Emmanuel Elebeke Nigeria’s Gross Domestic Product (GDP) grew by 2.28 percent in the third quarter of 2019, the National Bureau of Statistics (NBS) said on Friday. The NBS’ GDP quarterly report showed that the real GDP growth rate observed in the third quarter indicated an increase of 0.47 percent, compared to the third quarter of
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The National Bureau of Statistics (NBS) has revealed that the country’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. The GDP report which was released on Friday shows that the average daily oil
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The proposed increase in the Value Added Tax (VAT) from five per cent to 7.5 per cent by the Federal Government and its resolve to commence implementation in 2020 after necessary consultations have been raising dust by many Nigerians.
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Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says ensuring price stability and growing the nation’s economy through unconventional policy is paying off. Emefiele stated this at the first Convocation Lecture of Edo University, Iyamho, Auchi on Friday. The governor said in spite of the criticism from certain quarters the bank would not be deterred
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If the statistics of General System for Mobile communications Association, GSMA is anything to rely on, African countries stand a chance to rake in a cumulative 0.7 per cent of GDP growth in 2034, which may approximately amount to $5.2bn.
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