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Stories published on Jul 1
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  • Stories published on Jul 1

Monday, Jul 1

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USD/JPY Rises Up After GDP Downgrade

www.actionforex.com

The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan’s GDP revised sharply lower Japan revised its first-quarter GDP report to -2.9%, y/y,…

11

Weekly economic index: South African telco giants clash, Meta to pay Nigerian and Ghanaian content creators, and Nigeria’s debt to GDP ratio reaches record high.

venturesafrica.com

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: MTN contests Vodacom’s Spectrum allegations The South African telecommunications industry is embroiled in.…

10

Maida Targets 25% Telecom Contribution To GDP

leadership.ng

The executive vice chairman of the Nigerian Communications Commission (NCC) Dr. Aminu Maida, has said, the commission and the ministry of Communications, Innovation, and Digital Economy are working on the appropriate policies to encourage…

09

Debt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenue

tribuneonlineng.com

Debt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenue

08

NCC confirms telecoms sector’s woes amid 25% GDP target

guardian.ng

The Nigerian Communications Commission (NCC), at the weekend, admitted that the telecoms sector is challenged and hoped that the issues are tackled headlong. Its Executive Vice Chairman (EVC), Dr Aminu Maida, stated this when the operators…

Sunday, Jun 30

23

Nigeria requires 8-10% GDP growth for sustainability – Adebajo

blueprint.ng

An economist has said that Nigeria’s Gross Domestic Products (GDP) growth target of three per cent is not sustainable for Nigeria’s population of 200 million. Chief Executive Officer (CEO) of The …

22

Ekiti completes computation of state 2018-2022 GDP

www.premiumtimesng.com

Mr Adebayo said the data collected would enable a breakdown of the state’s GDP on a local government basis for the first time in the state's history.

20

World News | Ajman's GDP Rises to AED36 Billion in 2023 : Statistics Centre

www.latestly.com

Get latest articles and stories on World at LatestLY. Preliminary estimates of Ajman's Gross Domestic Product (GDP) for the year 2023, issued by the Ajman Statistics Centre, reveal the emirate's robust economic performance and positive…

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Policies to push telecom GDP contribution to 25% underway—Aminu Maida

nairametrics.com

According to Maida, the sector has done well with its current 14.58% contribution but it could do better if current challenges confronting the sector are addressed.

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Nigeria’s debt to GDP ratio crosses 50% for the first time

nairametrics.com

Nigeria's debt-to-GDP ratio crossed 50% for the first time ever last week after the Debt Management Office published the country's latest public debt figures.

Saturday, Jun 29

15

Consider LGs for GDP growth – NULGE

thenationonlineng.net

The Nigeria Union of Local Government Employees (NULGE) has called for financial, administrative, and political autonomy for local governments. The NULGE National President, Mr Ambali Olatunji, said in Lagos on Saturday

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Count Binface: ‘Adele is a creative powerhouse and one-woman GDP boost. Which is why I pledge to nationalise her’

www.theguardian.com

The comedian and candidate for Rishi Sunak’s Yorkshire seat on reintroducing Ceefax and beating the far right

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Friday, Jun 28

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Telecoms: 14% Contribution to GDP Proof of Sector’s Resilience – Maida tells ATCON

techeconomy.ng

The Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission, Dr. Aminu Maida, said that with 14% contributions to Nigeria’s Gross Domestic Product, the telecommunications industry has done well for the country…

23

UK GDP Grows Faster than Anticpated in Q1

oilprice.com

The UK economy grew by 0.7 per cent between January and March, a far stronger figure than the 0.6 per cent previously estimated, the Office for National Statistics has said in revised figures. This is the fastest pace since 2021 and the…

21

Agriculture losses hit Minnesota's GDP

www.startribune.com

Growth and consumer spending slowed nationwide in the first quarter and dropped throughout the Midwest, including Minnesota.

19

BUSINESS LIVE: GDP grows 0.7% in first quarter; Keywords set for takeover; Nightcap to delist

www.dailymail.co.uk

FTSE 100 closes down 15.56 points at 8164.12 Among the companies with updates today are Keywords, Nightcap and AssetCo.

18

European stocks close lower after U.S. inflation data; UK GDP revised higher

www.cnbc.com

European stocks moved lower Friday as investors digest key inflation data from the euro zone.