Nigeria GDP Report Quarter 3 Year 2022

The national accounts for Q3 ’22 by the NBS show that GDP grew by 2.3% y/y compared with the 3.5% y/y recorded in Q2 ’22. Meanwhile, on a q/q basis, it grew by 9.7%, reflecting increased economic activity compared with the q/q contraction of -0.4% recorded in the preceding quarter. The y/y moderation in growth […]

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Economy Politics

Ogun Assembly Passes N100.25bn Supplementary Budget

Ogun State House of Assembly has passed the Year 2022 Supplementary Appropriation Bill of N100, 251,416,938.4 into law. This development increases the State’s capital expenditure by additional N70.94Bn, while recurrent expenditure will now gulp N182.48bn with a total of N100.251bn additional revenue. The passage of the supplementary bill which has now increased the initial N350.7bn […]

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Economy Energy

House opposes sale of five power plants

By Msugh Ityokura, Abuja House of Representatives, yesterday, directed the Bureau for Public Enterprises (BPE) to stop the sale of five Niger Delta Power Holding Companies (NDPHC) generation plants. The facilities up for auction, according to the lower legislative chamber, are located in Calabar, Cross River State; Ihorbor, Edo State; Olorunsigbo; Omotosho and Geregu, Kogi […]

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