Nigeria's GDP Slows By 0.52% In 2017 Q1, Edges Out Of Recession

Nigerian economy contracted contracted by 0.52 per cent year-on-year for the first quarter of 2017,
much better 1.21 per cent than deeper -1.73 per cent recorded in fourth quarter of 2016.

The National Bureau of Statistics (NBS), stated this in first quarter 2017 Gross Domestic Product (GDP) report released on Tuesday released the Gross Domestic Product (GDP)

According to the report, the oil sector saw a boost in its fortune as it contributes 8.9 percent of the country’s GDP, as against the 6.75 percent in the fourth quarter of 2016.

The non-oil GDP grew by 0.72 percent to record the best performance in four quarters, when compared to -0.33 percent in Q4 2016 and -0.18 percent in Q1 2016.

The non-oil sector to GDP declined by nearly two percent from 93.25 percent in Q4 2016 to 91.10 percent, despite this contribution.

Transport services GDP contracted by 4.01 percent in Q1 2017 from -2.63 percent in Q4 2016 and 2.23 percent in Q1 2016.

According to Yemi Kale, the statistician general of the nation, many sectors of the economy turned positive but failed to get the country out of recession.

The NBS had in Auguest 2016, noted that the country’s first recession since the return of democracy in 1999, was the worst in nearly three decades.

Comments

Kenny Baker, actor behind R2-D2, dies

The 3ft 8in actor, who starred in six Star Wars films as well as Time Bandits and Flash Gordon, was 81 The British actor who played R2-D2 in the Star Wars films has died at the age of 81 after a long illness. Kenny Baker, who was 3ft 8in tall, shot to fame in 1977 when he first played the robot character. Meeting Kenny Baker, the real-live human behind R2-D2 He went on to play the character in The Empire Strikes Back and Return of the Jedi, as well as the three Star Wars prequels from 1999 to 2005. He also appeared in a number of other much loved films in the 1980s, including The Elephant Man, Time Bandits and Flash Gordon. His niece, Abigail Shield, paid tribute to her uncle. She told the Guardian: “It was expected, but it’s sad nonetheless. He had a very long and fulfilled life. He brought lots of happiness to people and we’ll be celebrating the fact that he was well loved throughout the world. We’re all very proud of what he achieved in his lifetime.” Baker and Shiel...

We Don’t Know The Real Age of Nigerian Players - Rohr

Head coach of the Super Eagles, Gernot Rohr, has admitted he is not comfortable with the age factor of players based in the Nigeria Professional Football League (NPFL). Rohr revealed that it is the reason he hardly invites them to the national team. “There is an existing problem with Nigeria based players. We cannot tell their real age,” he said in an interview with Brila FM. Goalkeeper Ikechukwu Ezenwa was the only home-based player invited by Rohr, for the recent games against Algeria and Senegal. The former Gabon and Burkina Faso coach, has however stated that the door is not closed on the best players in the NPFL.

Comedian Basketmouth robbed in his Lekki home

Basketmouth Famous Nigerian stand-up comedian, Bright Okpocha popularly known as Basketmouth and his family were in the early hours of this morning robbed at their Lekki home at gunpoint. His close friend and colleague, comedian Bovi took to his Instagram page to say that Basketmouth and family are safe and unhurt after the robber’s invasion. According to Bovi, the bandits carted away valuables and the security footage. See his post below:

WELCOME TO SamxieEXTRA

Search This Blog