Gross Domestic Product.

Nigeria could sink deeper into poverty with the new heights of its unemployment rate which index stood at 35.4 points as at September 2020, according to data published by the Central Bank of Nigeria (CBN) with fear that it could rise…

OMOTAYO ARAOYE Lagos State Governor, Babajide Sanwo-Olu, has approved N1 billion seed capital for investment in tourism a part of measures to drive a new growth in hospitality business. The governor…

BY TAYO ELEGBEDE Eni has confirmed that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its…

The Federal Government has projected an aggregate expenditure of N11.86 trillion for 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while virtually presenting 2021-2023 Medium Term…

AMINA HUSSAINI, Abuja The World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The bank in a statement…

OMOTAYO ARAOYE The tourism sector in Italy has taken a hit from the deadly coronavirus as it expects a 3.2 billion Euro or $3.6 billion drops in turn-over as the ravaging pandemic keeps visitors in their countries and…

The Italian economy is set for a “strong contraction” this year and will only partially recover lost ground in 2021, national statistics agency Istat, said. Istat on Monday predicted a fall in gross domestic product (GDP) of 8.3 per…

By ELEGBEDE TAYO As part of efforts to salvage Nigeria’s wobbling power sector, Siemens, the Federal Government’s partner on the implementation of the Nigerian Electrification Roadmap (NER) has disclosed that for Nigeria to attract more…

ISMAIL MUSA With the slower, and contracting Nigeria’s Gross Domestic Product (GDP) in the first quarter (Q1) 2020, the Cowry Assets has projected negative GDP growth in Q2 owing to the declining oil earnings. Nigeria recorded a shortfall…

World stock markets made a super-charged sprint towards an 11% weekly gain on Friday - their second best of all time - after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves…