The GDP growth in Q3 represents a 47bps increase when compared with the 1.81% y/y achieved in the same period of 2018. The economy was dealt a severe blow by the oil price slump and Covid-19-induced restrictions in the second quarter. Nigeria gdp growth rate for 2016 was -1.62%, a 4.27% decline from 2015. This also means the sector slowed year-on-year. This was higher than the fourth quarter of 2018 which recorded an aggregate of N35,230,607.63 million, representing year on year nominal growth rate of 12.34%.This rate was –0.31% points lower relative to the rate recorded in the fourth quarter of 2018 and –0.96% points lower than the rate recorded in the preceding quarter. According to NBS, the% GDP growth suggests the economy posted the biggest growth in the year. Nigerian-owned shops in Accra markets were, closed last month by Ghanaian authorities.Also, last month, members of the Local Union of the Ghana Union of Traders Association in Koforidua, Eastern region, complained about foreigners entering Ghana’s retail space.Hon. August 16, 2020 In 2019, agriculture contributed around 21.91 percent to Nigeria’s GDP, 27.38 percent came from industry, and 49.73 percent from the services sector. Growth overview: A quick breakdown shows that the Oil sector grew by 5.15% from contraction in the previous quarter, while Non-oil GDP slowed down by 1.64% in Q2 2019.. The industrial sector recorded the highest growth of 3.12% when compared with other sectors, followed by the agricultural sector which grew to 2.28%, while the service sector slowed down with a growth of 1.87%.25%, higher than the second quarter of 2019 which stood at 22.78%, The manufacturing sector grew by 1.10% in Q3 2019 from 1.92% in Q3 2018. Femi Gbajabiamila, is set to meet with the Speaker of the Ghanaian Paliament today, where both parties would discuss ways to settle the dispute between Nigerian traders and the Ghanaian authorities.Met with Mr. President this afternoon to brief him that I would be meeting with the Speaker of the Ghanian Parliament tomorrow to further explore ways of resolving the issues with our traders and strengthening our ties. Aside from the yearly flags...ROLLS-Royce Motor Cars Lagos, the exclusive representative of the iconic luxury brand, has come up with a special packag...By Rasheed Sobowale Nigerian-born, Kaycee Madu, who was appointed as Canada’s new minister of justice in his appre...VICE Chairman of the Presidential Task Force on Apapa Port Access Roads, Mr. Kayode Opeifa, has said that truck drivers...US singer Akon has laid the first stone of a new green and futuristic city in Senegal, which will be named after him...By Owei Lakemfa PRESIDENT Muhammadu Buhari last Tuesday peered into the last three years of his administration and relea...  A visitor from another planet, versed in economics, on arriving in Nigeria and reading our newspapers must wonder if t...My colleague and a great journalist reminded us of the words of Lazar as he was doing exactly the opposite. Nigeria’s real GDP recorded an annual growth rate of 2.27% for 2019. Connect with him via his twitter handle“This means the economy grew by 0.47% points (year on year).” This sentence is a bit misleading and inaccurate. August 24, 2020. On the positive side, the industrial sector posted the biggest growth for the past six quarters. The National Bureau of Statistics, NBS revealed this in its report published on its website. The Gross Domestic Product (GDP) in Nigeria contracted 14.30 percent in the first quarter of 2020 over the previous quarter. On Android devices, users will also get a prompt from their phones’ operating systems, though they will still have to download an automatically generated app.The Exposure Notification Express also works closely with tools released by the two technology companies in May that enable public health officials to build apps that allow iPhones and Android devices to use Bluetooth signals to detect proximity to a person who has tested positive.About 24 countries and 6 states in the United States have launched the exposure notification apps based on the Apple-Google technology in recent weeks without major hitches.The group intends to deliver 1000MW capacity of Hybrid solar power within 24 Months.The Ministry of Power is in talks with a consortium of Western Investors that are set to invest upwards of $5 billion in the Nigerian Power Sector with a major focus on the renewable energy sector.This was disclosed by the Ministry via its Twitter handle on Tuesday.The investors, which were led by Mr. Ron Verraneault, pitched their proposal to the Minister of Power, Engr.

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