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Tag : gross domestic product

Politics

Economy’s Big Rebound Leaves a Shortfall as Progress Slows

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U.S. economic output increased at the fastest pace on record last quarter as businesses began to reopen and customers returned to stores. But the economy...
Business

DMO: Nigerians’ concerns should be how loans are utilised

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File Photo The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing. She said...
Business

Coronavirus sends Australia into first recession for 28 years

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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

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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

Zenith Bank chief calls for promotion of non-oil exports

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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

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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...
Business

ACCI demands economic policy review, increase private sector partnership

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The Abuja Chamber of Commerce and Industry (ACCI), has urged the Federal Government to adjust its policy on business and financial support for private sector...
News

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

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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

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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...
Business

Ghana’s fiscal deficit seen narrowing to 9.4 percent in 2021

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Ghana’s fiscal deficit is projected to narrow from 11.4% of gross domestic product (GDP) in 2020 to 9.4% in 2021, the finance ministry said in...