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Russian’s GDP To Grow By 3.5% In 2023 – Putin

Russian’s GDP To Grow By 3.5% In 2023 – Putin

President Vladimir Putin on Thursday said Russia’s Gross Domestic Product (GDP) was set to grow by 3.5% this year, as the economy rebounds from a 2.1% contraction in 2022. Russia’s export-focused economy has proved more…

Nigeria, Germany Sign MoU On Solid Minerals Exploitation

Nigeria, Germany Sign MoU On Solid Minerals Exploitation

The Nigeria Solid Minerals Development  Fund and GeoScan GmbH of Berlin, Germany, on Sunday, signed a Memorandum of Understanding (MoU) on solid mineral development. The agreement was formalised during the visit of German Chancellor, Olaf…

Poor Economic Growth In Nigeria To Affect Africa’s GDP, Job Creation – W’Bank

Poor Economic Growth In Nigeria To Affect Africa’s GDP, Job Creation – W’Bank

The World Bank on Wednesday predicted slow growth in the major African economies in 2023, New Telegraph reports. According to a dismal economic prognosis for Africa released by the World Bank, growth prospects in Sub-Saharan…

NITRA To Support Minister Of Communications, Innovation, Digital Economy

NITRA To Support Minister Of Communications, Innovation, Digital Economy

As the newly appointed Ministers kick start their various responsibilities, journalists in the Information and Communications Technology (ICT) industry, under the organization of the Nigeria Information Technology Reporters Association (NITRA), have felicitated with the Minister…

Crude Production: Experts Advocate Focus On Non-Oil Sectors

Crude Production: Experts Advocate Focus On Non-Oil Sectors

Experts in mining, manufacturing and other non-oil sectors of the Nigerian economy are calling for increased focus on sectors outside the energy industry as a key driver of growth at a time when the country…

Nigeria Loses $100bn To Conflicts In N/East – UNICEF

Nigeria Loses $100bn To Conflicts In N/East – UNICEF

The United Nations Children’s Fund (UNICEF) on Wednesday said Nigeria has recorded nothing less than a $100 billion loss in the last 10 years due to the conflict in the Northeastern part of the country.…

Dele Alake Unveils 7-Point Agnda, Says Mining Will Contribute 50% To GDP

Dele Alake Unveils 7-Point Agnda, Says Mining Will Contribute 50% To GDP

In its efforts to diversify the Nigerian economy, the Minister of Solid Minerals, Dele Alake, on Sunday, said that the ministry will at least contribute 50% to the nation’s Gross Domestic Product (GDP), saying it…

South Korea GDP Grows Beyond Forcast

South Korea GDP Grows Beyond Forcast

The Gross Domestic Product (GDP) of South Korea has grown to 0.6% quarter-on-quarter in the second quarter of 2023, surpassing the market forecast of 0.5% growth, according to data released on Tuesday. The GDP growth accelerated…

China Economy Experiences Sharp Fall First Time In Three Years

China Economy Experiences Sharp Fall First Time In Three Years

Some economic analysts expected China, the biggest economy in the world behind the United States to move ahead of the US soon and is experiencing a sharp fall in both import and export thus hindering…

UAE’s GDP Achieves 7.9 % Growth In 2022

UAE’s GDP Achieves 7.9 % Growth In 2022

Abdullah bin Touq Al Marri, the Minister of Economy has said that the preliminary estimates of the United Arab Emirate (UAE) Gross Domestic Product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre,…