By Ismail Abdulaziz On assumption of office, President Bola Tinubu’s administration made its intention clear to rejig the nation’s ailing economy and make it robust enough to engender the development and growth of Nigeria. A few months into the four-year tenure of the administration, it has initiated many programmes to drive the economy towards growth. […]
From Our Correspondent Broadband penetration nearing 50% by year-end According to the Nigeria Bureau of Statistics (NBS) computation, the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has risen to 16 per cent in the second quarter of 2023. The Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, announced […]
By Oluwashina Iyanda The Nigerian economy sustained its growth performance in the first half of 2022 as its real gross domestic product (GDP) grew by 3.11 per cent from 0.51 per cent in the corresponding quarters of 2021. This is contained in the Half-Year-Activity Report of the Financial Department of the Central bank of Nigeria […]
By Oluwashina Iyanda Nigeria‘s Gross Domestic Product (GDP) dropped by 1.78 per cent in the third quarter of 2022 from its level in the corresponding period in 2021. The GDP grew by 2.25 per cent in real terms in the third quarter of 2022 against the 4.03 growth rate recorded in the third quarter of […]
President Muhammadu Buhari says the establishment of a National Carrier for Nigeria has reached 91 per cent completion and is expected to begin flight operations by Decemnber. The president gave the assurance at the third Ministerial Performance Review Retreat on Monday in Abuja. According to him, the feat is being boosted with the certification of […]