Economy News Extra Latest News Planning & Economic Development Political Economy

Fitch Ratings Revises Global GDP Growth Forecast To 6.0%

Fitch Ratings, one of the world’s leading ratings agencies, has revised down its 2021 global GDP growth from 6.3% predicted in June to 6.0% by the end of the year as disruptions to supply chains amid growing demand continue to characterize the global economic space. In its press statement issued on Global Economic Outlook (GEO) […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing Political Economy

Ghana Records 3.9% GDP Growth In Q2, 2021

The Ghanaian economy recorded 3.9% year-on-year (YoY) growth in the second quarter of this year, up from 3.1% growth in the preceding quarter. According to data by the Ghana Statistical Service (GSS), the Q2,2021 performance, however, showed that when compared with the 5.7% (yoY) growth recorded in the corresponding quarter of last year (Q2,2020) the […]

Economy News Extra Infrastructure & Capital Projects Latest News Telecomms Transportation

Tax Credit Scheme: Globacom To Reconstruct 64 Km Ota-Idiroko Road

Globacom Nigeria, Nigeria’s leading telecommunications services provider, has been granted the permission to reconstruct 64 kilometres Ota-Idiroko road in 2022, under the Federal Government’s Tax Credit Scheme. Minister of Works and Housing, Mr Babatunde Fashola, gave this hint on Wednesday during an inspection tour of the ongoing reconstruction of Lagos-Ibadan expressway. According to news report […]

Economy News Extra Latest News Oil & Gas Revenue Taxation

DPR Generates N2.24Trn, Targets N5Trn By Year End 2021

The Director of the Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has disclosed that the department generated N2.24 trillion as at August this year, representing 70 percent of its earlier N3.2 trillion revenue target. Auwalu, who disclosed this when he led a team of DPR management on a courtesy visit to the Executive Secretary […]

Agriculture & Agribusiness Economy News Extra Latest News Planning & Economic Development Professionals & HR Devt.

FG Launches Youth Employment Plan, Targets 3.7Mn Jobs Yearly

The Federal Government has launched the Nigerian Youth Employment Action Plan (NIYEAP 2021-2024) as part of its sustained efforts to create more jobs, boost economic activities and reduce the incidence of banditry and other crimes in the country. Specifically, the Plan aims at mobilizing the energies and capacities of the youth to reduce the risks […]

Agriculture & Agribusiness Economy News Extra Investments/Capital Market Latest News Privatisation & Commerce Water

RBDAs Are Catalyst For Food Security, Job Creation – Minister

The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]

Economy News Extra Latest News Planning & Economic Development Political Economy Statistics

Nigeria’s Inflation Rate Slides To 17.01% In August

Nigeria’s Consumer Price Index (CPI), which measures inflation rate dropped to 17.01 percent in August, representing the fifth consecutive month of sliding trend in the general price level of the economy. The National Bureau of Statistics (NBS), the nation’s official statistics producing and reporting agency, in its report titled, ‘Consumer Price Index Report for August’, […]

Budgeting Economy News Extra Fiscal Law & Act Foreign Health & Environment Insurance & Pension Latest News Revenue Taxation

Fiji Exempts Climate, Disaster Risks Products From VAT

The Government of Fiji has granted value added tax (VAT) exemption to insurance firms for premiums on climate and disaster risk parametric insurance products for the people and corporate entities in the country. The fiscal initiative represents the first time any government in the country is making efforts to make disaster insurance more affordable for […]

Agriculture & Agribusiness Crime & Judiciary Matters Economy News Extra Latest News Political Economy

CSEA Tasks Buhari On Food Insecurity, As Banditry Heightens

The Centre for the Study of the Economies of Africa (CSEA), a leading think-tank organization with special focus on economic development trends in Africa, has charged the President Muhammadu Buhari-led government to frontally tackle the increasingly worrisome insecurity rate in the country in order to guarantee food security for Nigerians. The research firm, in its […]