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Nigeria's business activity falls for the fifth straight month as ...
Dec 2, 2024 · Business activities in Nigeria have fallen for the fifth consecutive month in November as inflationary pressures remain elevated. The latest monthly Purchasing Managers Index (PMI) by Stanbic IBTC Bank released on Monday showed the headline index declined to 49.6 in November from 46.9 in October.
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Budget. ₦16trn debt burden outstrips security, infrastructure, education budgets. Nigeria plans to spend N15.81 trillion or 45 percent of its entire revenue to service debt obligations in the next fiscal year, which is higher than N14.97 trillion earmarked for security...
Data expose gaps in Nigeria’s $1trn GDP target
Dec 9, 2024 · Read also: As $1.5trillion GDP prospect beckons: Nigeria told to enlarge body of laws expected from disputes in dawn of blue economy Increasing at a decreasing rate. Since Nigeria’s last GDP rebasing in 2014, the economy has been increasing at a decreasing rate. In 2014, the country’s GDP stood at over $570 billion.
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Business News Nigeria | Daily Updates | Businessday.ng
Business news in Nigeria, Nigerian news today.Exclusive news & analysis Deep research and intelligence reports In-Depth Analysis.Newspaper...
Nigeria’s economy yet to turn corner despite reforms – Report
Nov 25, 2024 · Nigeria’s economy is now at a higher risk despite the bold reforms in 2023 that have worsened living conditions and led to the closure of many businesses, according to a new report by SB Morgen Intel. The SBM Intel 2024 Africa Country Instability Index revealed that the most populous nation in the ...
Nigeria coughs out $3.5bn for debt servicing despite reforms
Nov 18, 2024 · Nigeria spent as much as $3.58 billion to service its external debt in the first nine months of 2024 despite a series of reforms implemented by the government that were supposed to raise revenue and control borrowings.. The surge in the debt servicing represents a 39.77 percent increase from the $2.56 billion spent during the same period in 2023, according to data from the Central Bank of ...
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As $1.5trillion GDP prospect beckons: Nigeria told to enlarge body …
Nov 29, 2024 · …As expert shows how Nigeria can be ready. As hopes rise for Nigeria to hit $1.5trillion gross domestic product (GDP) from current $364bn through the blue economy in the coming years, the Federal Government has been advised to conduct a review and expansion of the nation’s body of maritime laws.
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