Nigeria's Gross Domestic Product (GDP) grew by 5.01%(year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters...
The Nigerian Communications Commission (NCC) has said the ongoing amendments of telecom operators’ Annual Operating Levy Regulations (AOL), the Frequency Spectrum fee and price is to bring the regulations in line with current realities and...
The Federal Government says it will continue to engage in fisheries subsidies negotiations, in order to achieve balanced and equitable outcomes from the forthcoming WTO’s 12th Ministerial Conference (MC-12) on fisheries subsidies. Minister of Industry, Trade...
The insurance sector contracted by 2.08 per cent in the first quarter of 2021, according to the latest figures obtained from the National Bureau of Statistics. The NBS reported that the sector accounted for 12.45 per...
The Department of Petroleum Resources (DPR) yesterday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003. The process, which culminated in the presentation of letters to the bid winners in Abuja by...
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 0.51 per cent in first quarter (Q1) of 2021. The NBS noted: “Nigeria’s Gross Domestic Product (GDP) grew by 0.51%(year-on-year)...
The Federal Government has said that the manufacturing sector has demonstrated over the years that it is the backbone of the country’s employment sector, as it currently employs over seven million Nigerians. Minister of Industry, Trade...
President Muhammadu Buhari has ordered the Department of Petroleum Resources to restore four oil mining licences revoked from Addax Petroleum. A statement Garba Shehu, a spokesman of the President, said “President Muhammadu Buhari has approved the...
The Federal Government has said that Micro, Small and Medium Enterprises (MSMEs) contribute nearly 50 per cent of Nigeria Gross Domestic Product (GDP) and 80 per cent of the country’s total employment. The Minister of State...
The World Bank has said Nigeria moved out of last year’s recession faster than expected. Nigeria slipped into its second recession in the second quarter of 2020 but emerged from it in the fourth quarter. The bank,...