Get latest articles and stories on Business at LatestLY. Despite the challenges faced by the global economy, including geopolitical tensions and extreme weather events, global growth remains resilient, supported by easing inflationary…
Rocking his agbada on a Monday, October 23, 2023, at the 29th Nigeria Economic Summit in Abuja, the President of Nigeria, Bola Tinubu, told business leaders and Nigerians that Nigeria’s economy can grow to $1 trillion by 2026.
The Gross Domestic Product (GDP) of Nigeria’s oil sector crashed to 5.7 per cent in the first quarter of 2024 from 12.1 per cent recorded in the previous quarter. This is contained in the latest data released by the National Bureau of…
New Delhi: Leading global financial firm Goldman Sachs has revised its forecast for India’s GDP growth by 10 basis points to 6.7 per cent as it expects the government’s heavy investments in big-ticket infrastructure projects to continue…
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…