GDP

Prof. Folasade Ogunsola, the Deputy Vice-Chancellor, Development Services, University of Lagos, says more than 600 million people in Africa lack access to electricity.

South Africa on Thursday announced visa waivers for four countries in a bid to boost tourism amid an economic crisis and falling visitor numbers.

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.

Nigeria has resolved to formulate plans to develop a National Leather Product Policy to boost its Gross Domestic Product.

Dr Adesegun Akin-Olugbade, an international legal and finance expert, has been appointed as a member of the World Trade Board.

The Ambassador of Cote d’Ivoire to Nigeria, Mrs Toure Maman, has called for deeper economic cooperation with Nigeria to strengthen trade relations between the two countries.

The Federal Government has promised to invest in the animation industry and other creative sectors to make jobs available for youths, boost GDP, and achieve economic growth.

The Edo State Skills Development Agency (EdoJobs) in partnership with the Industrial Training Fund (ITF) has concluded plans to commence free capacity building programmes in welding and fabrication, furniture-making, auto-gele and beauty care, interlocking blocks production, among others across various locations in Edo State.

The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.

Ratings agency Fitch downgraded the outlook for South Africa’s sub-investment credit rating on Friday, citing fiscal pressures including increased support for struggling state firms such as the power utility Eskom.

The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.

Mr Solomon Ogbonna, the President, Ohaneze Ndi Igbo, Lagos chapter, on Thursday said encouraging individuals to speak the three major indigenous languages would end tribal conflict in Nigeria.

Maritime stakeholders have listed some measures that would be required to achieve 10 per cent growth in the sector as projected by the Nigerian Maritime Administration and Safety Agency, NIMASA.

The House of Representatives has commended President Muhammadu Buhari for signing the African Continental Free Trade Agreement (ACFTA).

As Nigeria celebrates the 2019 World Population Day, critical stakeholders in the health sector have urged the federal government to invest in family planning programmes that can help stem the tide of the negative impact of unbridled population explosion on the country resources and stability.

Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at December 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said.

The electricity generation companies, GENCOs, say they are optimistic the African Continental Free Trade Area (AfCFTA) Agreement signed last Sunday in Niamey, Niger Republic. by all heads of government of the African Union will boost power generation and supply in the continent.

President Cyril Ramaphosa on Tuesday lauded the launch of the Africa Continental Free Trade Area Agreement (AfCFTA), saying the agreement will catapult the economies of many African countries onto a higher growth trajectory.