FEATURED
Nigeria Exits Recession, Records Positive GDP Of 0.11% In Q4 2020
Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent (year-on-year) in real terms in the fourth quarter of 2020 (Q4 2020), representing the first positive quarterly growth in the last three quarters, according to the National Bureau of Statistics (NBS).
The performance appeared to have signalled an exit from the second recession.
Though weak, the positive growth reflects the gradual return of economic activities following the easing of restricted movements and limited local and international commercial activities in the preceding quarters, the NBS stated.
As a result, while the Q4 2020 growth rate was lower than growth rate recorded the previous year by –2.44 percentage points, it was higher by 3.74 percentage points compared to Q3 2020
According to the fourth quarter 2020 GDP estimats released Thursday, on a quarter on quarter basis, real GDP growth was 9.68 per cent indicating a second positive consecutive quarter on quarter real growth rate in 2020 after two negative quarters.
Details later…
DSCTDA Sustains Cleanup Exercise at Koka Bridge
el-Rufai Moved from EFCC to ICPC Detention Facility Over Ongoing Investigations
COAS Advocates for Sustainable Veterans’ Welfare Systems Backed by Law
Alleged $6bn Mambilla Fraud: Agunloye Knew Sunrise Power Owner, Leno Adesanya Before Ministerial Appointment – EFCC Witness
Two Arraigned for Alleged N143million Fraud in Benin-City
Court Grants EFCC Interim Attachment Order on Nine Mineral-Laden Trucks Impounded in Ilorin
Isoko North Chairman Commends Peaceful Conduct of APC Council Ward Congresses
Tinubu Signs Order to Eliminate NNPCL’S Deductions, Direct Remittance of Oil Revenues to Federation Account
Electoral Act: It’s Not About Politics, It’s About Process – Tinubu
NDPC Probes Temu for Alleged Violation of Data Protection Act
How FairMoney is Powering the Next Generation of Nigerian SMEs, By James Edeh
Cross-Sector Budget Defense: Sen. Nwoko’s Ensures Active Engagement to Enhance Transparent Resource Allocation
NSCDC Apprehends 10 Vandals, Kidnappers in Abuja
Isoko South Chairman Hands Over 100 Pieces of Chairs Donated to Enwhe Comprehensive High School
