Business Featured Maritime

Experts suggest new Nigerian shipping line to boost GDP

Reading Time: 4 minutes Image Credits: REUTERS/Mohamed Abd El Ghany/File Photo, REUTERS. Experts on Friday urged the Federal Government to consider having a national fleet for the maritime industry to effectively contribute its quota to the country’s Gross Domestic Product (GDP). They made the appeal in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Mr Greg Read More…

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Nigeria’s economy shrinks 6% in Q2 on oil crash, pandemic double whammy

Reading Time: 2 minutes Image Credits: REUTERS, REUTERS/Joe Brock . Nigeria imposed lockdowns in Lagos and Abuja in Q2 Oil sector contracted by 6.63% Nigeria is Africa’s largest economy Nigeria’s economy contracted by 6.1% in the second quarter of 2020 from a year earlier, the statistics office said on Monday, with lockdowns in its two main cities and low Read More…

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LCCI hinges GDP contraction on COVID-19

Reading Time: 4 minutes Image Credits: REUTERS. The Lagos Chamber of Commerce and  Industry (LCCI) has hinged the 6.1 per cent Gross Domestic Product (GDP) contraction according to the National Bureau of Statistics (NBS) on the socio-economic disruptions of COVID-19 pandemic. Dr Muda Yusuf, Director-General LCCI made this known in an economic report released to newsmen on Monday in Read More…