Tuesday, February 25, 2020
At 2.55% in Q4, Nigeria Records Highest Economic Growth Since 2016
Nigeria’s economic growth rate rose to 2.55 percent in the fourth quarter of 2019, its highest quarterly growth since the 2016 recession, according to a report released yesterday by the National Bureau of Statistics (NBS)….read more.
| Manufacturing declines as 2.27% GDP growth surpasses IMF projection The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 percent in 2019….read more FG to buy up locally produced gold The Federal Government has begun the registration of artisanal miners, following the commencement of the Presidential Artisanal Gold Mining Development Initiative Biometric Exercise….read more FG plans more tax incentives in capital market The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the Federal Government will introduce more tax incentives that would enhance investments in the Nigerian capital market….read more. Investment commitments declined by $60.99bn in 2019 –NIPC The Nigerian Investment Promotion Commission said that the country recorded investment commitments of $29.91bn in the 2019 fiscal period….read more. NDIC liquidates 425 failed deposit money banks, others in 32 years The Nigeria Deposit Insurance Corporation (NDIC), weekend, disclosed that has liquidated about 425 banks, due largely to bad loans in the past 22 years…..read more. Government agency, insurers to recover N45bn from fake insurance operators The Federal Government is working with operators to recover about N45billion lost to fake insurance practitioners nationwide on Third Party Motor Insurance Policy in Nigeria…..read more. NERC caps estimated billing, issues April 30 deadline for metering Worried about the low level of prepaid meters deployment to electricity consumers, the Nigerian Electricity Regulatory Commission (NERC), has capped the amount, otherwise known as estimated bills that distribution companies can charge unmetered consumers…..read more. |
