According
to the NBS, the nation’s GDP grew by 1.95 per cent year-on-year- in real terms
in the first quarter of 2018. Although the nation recorded some growth in the
oil sector during the period, the contribution formed only 9.61 per cent of the
total, with the non- oil sector accounting for the rest.
This
is despite an increase in the daily oil production to an average of 2.0 million
barrels per day (mbpd), higher than the 1.95 mbpd in the fourth quarter of
2017.
Hmmm!!! Folks, let us say
the truth and shame the devil. Many Nigerian non-oil products exporters have
been defrauded of huge amount of money in the process of exporting agricultural
commodities and solid minerals to foreign countries. Do you know why? They were
not trained on export operations, management, documentations and the best
methods of payment in export trade. This is terrible!!! Nigerians cannot
continue to lose money to foreigners in the course of export business.
Exporters, would you like to keep on being scammed? Why don’t you get a
practical manual that explains the stages of export trade from processing and
packaging of commodities to receipt of payment by the foreign buyers? It
explains export operations, export management, export documentations and
methods of payment in export trade? Yes, it is a contemporary step-by-step
guide to export trade. It tells all the contemporary dynamics in export trade.
To get it, click on the link below:
The
report stated that real growth of the oil sector was 14.77 per cent
(year-on-year) in first quarter of 2018. This represents an increase of 30.37
per cent points relative to the rate recorded in the corresponding quarter of
2017. Quarter-on-Quarter, the oil sector grew by 13.24 per cent in first
quarter, 2018, the NBS said. This is up from 8.53 per cent in the first quarter
and 7.35 per cent in the fourth quarter of 2017.
In
comparison, non-oil sector grew by 0.76 per cent in real terms. This is higher
by 0.04 per cent point compared to the rate recorded same quarter of 2017 and
0.70 per cent point lower than the fourth quarter of 2017.
The
sector’s growth was driven mainly by agriculture (crop production), financial
institutions and insurance, manufacturing, transportation and storage as well
as information and communication. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
In
real terms, the non-oil sector contributed 90.39 per cent to the GDP, lower
than 91.47 per cent recorded in the first quarter of 2017 and 92.65 per cent
recorded in the fourth quarter of 2017.
Overall,
GDP grew by 1.95% (year-on-year) in real terms in the first quarter of 2018. The
bureau stated that the figure shows a stronger growth, compared with the first
quarter of 2017, which recorded a growth of –0.91 per cent, indicating an
increase of 2.87 per cent points.
Compared
to the preceding quarter, there was a decline of -0.16% points from 2.11%, NBS
said. Quarter on quarter, real GDP growth was -13.40% as oil production estimates for the third and
fourth quarters of 2017 have been revised and oil GDP for those quarters have
been adjusted. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
According
to NBS figures, aggregate GDP for the first quarter stood at N28.4 trillion in
nominal terms. This performance is higher when compared to the first quarter of
2017 which recorded a nominal GDP aggregate of N26.028 trillion, thus
-presenting a positive year- on-year nominal growth rate of 9.36%. This rate of
growth is however lower relative to growth recorded in Q1 2017 by -7.70% points
at 17.06% but higher than the preceding quarter by 2.14% points at 7.22%.
(Nation)
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
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