Beyond GDP, UNCTAD to launch new economic indicators for measuring countries prosperity
GDP does not capture progress in well-being, equity, inclusiveness or sustainability – and it was designed as a measure of economic activity.
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NECA, NLC Disagree with NBS on improvements in macroeconomic indicators
• Dr. Ifeanyi Okoye, NECA President The Nigeria Employers’ Consultative Association (NECA) and the Nigeria Labour Congress (NLC) have dismissed the claims by the Nigerian Bureau of Statistics, NBS, improvement in some macroeconomic indicators. The Nigerian Bureau of Statistics, NBS, has just released its latest Composite Consumer Price Index indicating that inflation declined for the…
BOI Launches N2b Special Loan Scheme for NYSC members
The BOI’s Managing Director, Dr Olasupo Olusi, said that the initiative, would enable serving corps members to access up to N5 million each at a single-digit interest rate of nine percent per annum, repayable over three years, with a three-month moratorium on both principal and interest.
World merchandise trade volume in Q3: 2024
WTO’s Goods Trade Barometer has shown that world merchandise trade volume rose 1.1% quarter-on-quarter and 3.3% year-on-year, on a seasonally adjusted basis, in the third quarter of 2024. This marks the fourth consecutive quarter of moderate trade expansion. By comparison, merchandise trade in current US dollar terms was up 4.3% year-on-year in Q3. This represents…
LG Electronics ARTCOOL and DUACOOL Beyond Just Acs – MD
By Lucy Ekpeyoung Hysoung Sub Ji, Managing Director, LG Electronics Nigeria, says that LG ARTCOOL and DUACOOL are life changer because they are beyond just ACs as they are packed with health benefits such as the Plasmaster Ionizer+ that removes 99% of adhering bacteria and deodorizes and 40% fast cooling. Sub Ji, states this during…
SON Receives Prestigious Award from Helen Keller International
▪︎Image of Helen Keller by National Today The Standards Organization of Nigeria (SON) has been honored with a prestigious award from Helen Keller International. The award was given to SON as part of events marking 25 years anniversary celebrated by HKI,. Helen Keller Day is marked on June 27 . She was was born June…
Nigeria Signs AfCFTA Tariffs to Boost Regional Trade
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
Peter Obi Condemns Huge Spending on Nigeria’s 1411 Delegation To COP28 In Dubai
Peter Obi, LP Presidential Candidate 2023, has described Nigeria’s contingent at the ongoing COP28 in Dubai, United Arab Emirates, totaled 1411, as a waste of public fund. Obi, on his social media handle, X, said : ” the vast majority of those in the Nigerian delegation to COP28 are either non relevant civil servants or…
Nigerian Manufacturers Welcomes New Industry Minister, Tables Major Concerns
The Chief Executive Officers (CEOs) of manufacturing companies in Nigeria have penciled down their agendas for the new minister of Industry, Trade and Investment – Dr.Doris Anite. Dr. Anite was sworn -in on Monday by President Bola Tinubu alongside 44 other ministers at the State House Conference Centre (Old Banquet Hall), Abuja. During the ceremony,…