Budgeting Economy News Extra Latest News Oil & Gas Planning & Economic Development Political Economy

Subsidy Removal Desirable For Nigeria’s Sustainable Growth – Muda Yusuf

The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Mr. Muda Yusuf, has given his support to the planned removal of fuel subsidy by the Federal Government from February 2022, saying the move is necessary for the nation’s economy to grow. The Minister of Finance, Budget and National Planning, Zainab Ahmed, had […]

Economy News Extra Latest News Planning & Economic Development Political Economy

Turkey Overtakes UK, Now Second-Fastest Growing Economy In OECD

A new report by the Organization for Economic Cooperation and Development (OECD) has placed Turkey ahead of the United Kingdom as the second-fastest growing economy in the third quarter of 2021. In the report published on Tuesday, Chile topped the OECD-countries’ growth chart, with the economy recording the highest gross domestic product (GDP) growth rate […]

Budgeting Economy News Extra Latest News Planning & Economic Development Statistics

German Inflation Hits 6.0% In November, Highest In Decades

German consumer price inflation rose further in November to hit another record high, thereby increasing pressure on the European Central Bank (ECB) to react. Preliminary data on the country’s inflation released on Monday by the Federal Statistics Office showed that Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, […]

Economy News Extra Insurance & Pension Latest News Planning & Economic Development

China Insurance Industry To Hit $313Bn In 2025 – Analytics Firm

New research findings by GlobalData, a leading data and analytics company, have indicated that the general insurance industry in China, the world’s fastest growing economy, could grow, in terms of direct written premiums (DWP), from CNY 1.36 trillion (USD 196.8 billion) in 2020 to CNY 2.13 trillion (USD 313.0 billion) in 2025. The firm’s latest […]

Budgeting Latest News Planning & Economic Development Political Economy

Nigeria Must Adopt ‘Business Unusual’ Approach To Sustain Growth – World Bank

The World Bank has advised the Nigerian government to adopt ‘unusual approach’ in its fiscal and monetary policy measures as a strategic option of consolidating the modest recovery in the nation’s economy in the months ahead. The Breton Woods institution in its Nigeria Development Update (NDU)  Report November 2021 released on Tuesday titled  ‘Time for […]

Budgeting Economy News Extra Latest News Oil & Gas Planning & Economic Development

FG Targets February 2022 Timeline For Fuel Subsidy Removal

The Federal Government on Tuesday said that arrangements were ongoing to ensure that fuel subsidy, which has been one of the challenges of public finance efficiency in Nigeria over the years is removed with a view to committing savings on it to critical areas that will improve the socio-economic wellbeing of ordinary Nigerians, especially the […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development

Commodities Exchanges Will Create Jobs, Facilitate Devt – Yuguda

The Director General of Nigeria’s Securities and Exchange Commission (SEC), Mr. Lamido Yiguda, on Thursday stressed that Commodities Exchanges remained critical to enabling investment diversification, risk management, price discovery and transactional efficiency in job creation and sustainable economic development of the country. Yiguda made this remark at a one day stakeholders’ sensitisation workshop on commodities […]

Budgeting Economy News Extra Fiscal Law & Act Latest News National Assembly Planning & Economic Development Statistics

FG, N/Assembly Laud NBS, Assure Improved Funding For Statistical System

Apparently impressed by the improvements recorded by the National Bureau of Statistics (NBS)in Nigeria’s national statistical system in recent years, the Federal Government and the National Assembly have promised to continue to support the agency with more funds and other needs to sustain the standardization trajectory of the nation’s statistical data production and dissemination in […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing Oil & Gas Planning & Economic Development Statistics

Nigeria Records 4.03% GDP Growth In Q3 2021

Nigeria’s Gross Domestic Product (GDP) grew by 4.03% (year-on-year) in real terms in the third quarter of 2021, showing a sustained positive growth over the last four quarters since the 2020 recession. Giving this hint at a media briefing on the 3rd Quarter GDP Report in Abuja on Thursday, the Statistician General of the Federation […]

Agriculture & Agribusiness Economy News Extra Latest News Planning & Economic Development Statistics

Nigeria’s Inflation Slides To 15.99% In October As Food Prices Dip

Nigeria’s Consumer Price Index (CPI), which measures the inflation rate in the economy, decelerated for the seventh consecutive month in October 2021,  sliding to 15.99 percent from the16.63 percent rate recorded in the preceding month. Briefing the media on the latest inflation figures on Monday in Abuja, Statistician General of the Federation and Chief Executive […]