Tag: Economy
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Chinese economy maintains stable growth in April
China’s national economy maintained momentum for stable recovery in the past April, with the demand for production continuing to rise, employment and commodity price being stabilized, and new growth drivers being fostered. According to statistics released by the National Bureau of Statistics (NBS) on May 17, the value added of high-tech manufacturing grew 12.7 percent…
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Sanusi calls for diversification of economy to address poverty, inequality
Former Emir of Kano, Muhammadu Sanusi II, has said that Nigeria must diversify its economy in order to address the high rate of poverty and inequality in the country. He also said governments at all levels must invest on human capital development and create enabling environment for investments, instead of borrowing to finance development. Sanusi…
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NECA urges FG on power sector, economy
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to strategically address the challenges in the power sector. The Director-General, Dr Timothy Olawale, made the appeal in a statement on Wednesday in Lagos. Olawale said that resolving the issues in the power sector would be a major step toward reviving the economy and…
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Dollar drifts ahead of key Fed speech as economic worries grow
The dollar held steady against most currencies on Wednesday as traders braced for U.S. data expected to show a slowdown in durable goods orders and a key speech by Federal Reserve Chairman, Jerome Powell. The yuan rose toward a seven-month high after U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade…
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NECA calls for concerted efforts to boost economy
The Nigeria Employers’ Consultative Association (NECA) has called for concerted efforts by all stakeholders to move the nation’s economy away from a downward slide. The Director-General of NECA, Mr Timothy Olawale, made the call on Monday in Lagos following the economic data released by the National Bureau of Statistics (NBS). The News Agency of Nigeria…