Browse Tag

GDP

NCC Pledges Support To Meta's 2Africa Cable Landing Initiative

Investments In Nigeria’s Telecom Sector Hit $77bn In Q2 2023 – NCC

Prof. Umar Danbatta, the Executive Vice-Chairman of the Nigeria Communications Commission (NCC) on Saturday, announced that Nigeria’s telecommunication sector has experienced a surge in investment, thereby contributing significantly to the nation’s GDP. Speaking at a media parley, Danbatta disclosed that investments
September 16, 2023
Nigeria's H1 2023 Economic Review: The Major Headwinds

Why US Increased Interest Rate By 50 Points

In a bid to crush the soaring inflation scourge in the United States, the Federal Reserve has just made its biggest rate hike since 2000 with a half percentage point increase. Noting more increases “will be appropriate,” the US central bank’s policy-setting
May 12, 2022
Nigeria’s Economy Grows By 3.4% -- New Report

Nigeria’s Economy Grows By 3.4% — New Report

Nigeria has recorded an annual Gross Domestic Product (GDP) growth of 3.4 per cent in 2021, which happens to be the strongest growth in seven years since 2014. Representing the first annual growth since the COVID-induced recession of 2020, the 3.4 per
May 12, 2022

US Stocks Rebound In Wild Week Trading

Wall Street stocks experienced sharp rally as  global markets ended what analysts considered an intense wild week. The benchmark for the  US S&P 500 index rose 2.4 per cent just as a late-day advance got some momentum considered  strong enough to put
January 29, 2022
Nigeria's GDP Growth Hit 2.51% In Second Quarter 2023 - NBS Reports

FG Moves To Increase Revenue To 15% Of GDP

The federal government has disclosed plans to increase its revenue to 15 per cent of Gross Domestic Product by 2025. The government disclosed this in its National Development Plan 2021-2025, adding that it would increase revenue in order to reduce the deficit-to-GDP
January 8, 2022

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