NBS Report On Nigeria’s Economy Pits Buhari, Group. Presidency: No Cause For Alarm, PLAC: It’s Ominous

President Muhammadu Buhari’s administration and a leading civic group, Policy and Legal Advocacy Centre (PLAC), are not on the same page on the second quarters 2020 Gross Domestic Product (GDP) estimates released by the National Bureau of Statistics (NBS). While the Buhari administration says the data agency’s report is relatively far better than many other […]

Growing Trade Tensions Slowing Down Global Momentum, WTO Says

Though the global merchandise trade grew by three percent last year, just above the 2.9 percent rise in world Gross Domestic Product (GDP) over the same timeframe, this was however, substantially less than the 4.6 percent growth observed in 2017. The World Trade Organisation (WTO) puts this loss of momentum in part down to growing […]

Benin modernizing its port to overtake Togo, Cote d’Ivoire and Ghana in the sector

Benin is making efforts in re-investing in its major port in its capital Cotonou.The change had been slow but consistence over the past several years aimed at making the harbour competitive. The 300 hectare transit port is in a highly competitive sector and region, especially with the overall growth of trade in West Africa. Port […]

Global Energy Transitions & Implications For the Nigerian Economy

For more than a century, fossil fuels have accounted for a larger proportion of global energy supply sources. However, with increasing global environmental challenges, arising from increasing concentration of greenhouse gases (GHGs) associated with fossil fuel combustion, there has been a renewed emphasis on low carbon intensive and environmentally- friendly energy sources, e.g. natural gas, […]