NewsColony

Tag : GDP

News

NCC remits N362.34 billion into Nigerian government’s consolidate revenue fund in five years – official

NewsColony
Fix Africa News Magazine The Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date, Prof....
African News

Chad’s former minister arrested for losing $31 million during negotiations

NewsColony
Chad’s former oil minister was in custody on Thursday following his arrest for allegedly stealing public funds, the police and his lawyer said. Djerassem Le...
Business

Coronavirus sends Australia into first recession for 28 years

NewsColony
Australia has fallen into recession for the first time in more than 28 years. The country joins the likes of America, Britain, and Germany in...
Business

Nigerian government to sustain 2020 budget funding despite GDP contraction – minister

NewsColony
The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s...
Business

Nigeria might fall into recession as virus takes toll – budget office

NewsColony
Nigeria might fall into recession in the third quarter, the head of the country’s budget office said on Thursday, citing the impact of low oil...
Business

Nigeria’s Q3, Q4 GDP to reflect further economic slowdown – presidency

NewsColony
Nigeria expects the third and fourth quarters to reflect the continued effects of a slowdown, after the economy contracted by 6.1% in the second quarter,...
Business

Zenith Bank chief calls for promotion of non-oil exports

NewsColony
Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for a concerted effort towards diversifying the country’s export base through the promotion...
African News

Ivory Coast president sees growth slowing to 1.8% in 2020

NewsColony
Ivory Coast’s economic growth is expected to slow to 1.8% in 2020 from a projected 7.2% due to the impact of the coronavirus pandemic, President...
News

NBS: ICT sector contributes 17.83% to nation’s economy

NewsColony
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing...
Business

Nigeria’s GDP contracts by 6.10 percent in Q2

NewsColony
Reuters Nigeria’s Gross Domestic Product (GDP) growth rate contracted by –6.10 per cent (year-on-year) in real terms in the second quarter of the year (Q2...