Tag: GDP
UK enters recession after GDP fall
The United Kingdom (UK) economy has officially entered recession, figures showed on Thursday, February 15, 2024.
A recession is defined as two consecutive three-month periods...
MTN: Telecom sector contributes 16% to Nigeria’s GDP
The telecom sector now contributes over 16 per cent to Nigeria’s Gross Domestic Product (GDP).
The Chairman of MTN Nigeria, Dr. Ernest Ndukwe, said this...
Blue economy to generate $20bn annually, creates 2m jobs – Oyetola
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has said that the ministry is pursuing its goal of generating $20 billion annually.
Oyetola...
NCC: 5G subscriptions hit 60,000, telecoms sector added N10.1trn to GDP...
The Nigerian Communications Commission (NCC) says Fifth Generation (5G) subscriptions have grown to over 60,000 in many cities of the federation.
The NCC noted that...
Q1 2023: Telecoms pull N2.5trn into Nigeria’s GDP – NCC
Telecommunications and ICT services contributed N2.508 trillion to Nigeria’s GDP in the first quarter of 2023, the Nigerian Communication Commission (NCC) stated on Thursday.
NCC...
AfDB: Africa faces annual $127.2bn GDP shortfall in 2030
The African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed $127.2 billion by 2030.
The AfDB stated on...
NBS: Nigeria’s GDP improves by 3.52% in 2022 Q4
The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) grew by 3.52 per cent in the fourth quarter of 2022 on...
On Buhari, Sanwo-Olu’s economic prescriptions
By ADEWALE KUPOLUYI
The 2022 Lagos International Trade Fair has offered another opportunity to take a closer look at the nation’s economy as key players...
Atiku: Nigeria’s economy in deeper trouble during APC govt
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, says Nigeria’s Gross Domestic Product (GDP) released by the National Bureau of Statistics...
NBS: Nigeria’s GDP stands at N45trn in Q2 2022
The National Bureau of Statistics (NBS) has said Nigeria’s Gross Domestic Product (GDP) stood at N45 trillion in the second quarter of 2022 on...
