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Nigeria’s GDP drops by 2.24% in 3rd quarter as Inflation hits 18.3 %


For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent.  Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign exchange shortage and volatile naria-dollar parity. According to the report, oil sector dropped …

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Presidency pledges full complince with fiscal responsibility act


The Federal Government has reiterated its resolve to fully comply with the provisions of the Fiscal Responsibility Act and other extant laws as they relate to the submission of budget proposals to the National Assembly. Presidential spokesman, GarbaShehu informed Journalists in Abuja that under the present dispensation, President MuhammaduBuhari has …

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