Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Nigeria’s increases benchmark interest rate to record high 26.25% Last week, the Central Bank of Nigeria’s…
Analysts at Afrinvest have highlighted the critical need for better coordination between Nigeria's fiscal and monetary policies to tackle inflation and foster economic growth.
Canvasses balance to counter overdependence Onome Amuge Uche Uwaleke, a professor of finance and capital market at the Nasarawa State University, has voiced his concerns regarding the recently released GDP report by the National Bureau of…
The Nigerian economy grew at a faster pace in the first quarter of 2024 compared to the same period last year, official data released on Friday show. According to the National Bureau of Statistics (NBS), Africa’s biggest economy saw its…
Analysts have identified technology adoption as one of the drivers of the growth in the contribution of the financial services sector to the country’s Gross Domestic Product. According to the National Bureau of Statistics, financial…
Banks and other financial institutions, excluding insurance companies, contributed N1.16 trillion to Nigeria’s real Gross Domestic Product (GDP) in the first quarter of this year, latest data released by the National Bureau of Statistics …
As reactions continue to trail the decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (CBN) to hike the benchmark interest rate-the Monetary Policy Rate (MPR)- by 150 basis points to 26.25 per cent at its meeting…
Nume Ekeghe Analysts at Afrinvest have highlighted the critical need for better coordination between Nigeria’s fiscal and monetary policies to tackle inflation and foster economic growth. Despite aggressive measures by
Actualising the proposed $1 trillion economy envisaged by President Bola Tinubu’s administration cannot happen only with recapitalisation of banks but a holistic approach to galvanise all sectors of the economy, experts have said. Analysts…
Get latest articles and stories on Business at LatestLY. Union Minister Hardeep Singh Puri lauded the government's efforts to strengthen the Indian economy in the past 10 years under the Prime Ministership of Narendra Modi.
Get latest articles and stories on Latest News at LatestLY. India's GDP in the fourth quarter of financial year 2023-24 is expected to have grown within the range of 6.1-6.7 per cent, lower than over 8 per cent rate recorded in the…
By Dipo Olowookere It was a bad day for Nigeria’s stock market on Friday as it extended its losing streak despite data from the National Bureau of Statistics (NBS) revealing that the country’s Gross Domestic Product (GDP) rose by 2.98 per…
Semiu Adeniran, statistician-general of the Federation and NBS Chief Executive, said the National Bureau of Statistics, has begun the process of rebasing Nigeria’s Gross Domestic Product and Consumer Prices Index estimates. This exercise,…
The Nigerian economy grew at a faster pace in the first quarter of 2024 compared to the same period last year, official data released on Friday show. According to the National Bureau of Statistics, Africa’s biggest economy saw its Gross…
Aided by the services sector growth of 4.32 percent, Nigeria’s Gross Domestic Product (GDP) grew by 2.98 percent (year-on-year) in the first quarter of 2024, National Bureau Statistics (NBS) disclosed on Friday in a released quarterly GDP…