Financials & Economy

Rebasing: Nigerian economy now worth N81tn

NIGERIA – The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the country’s Gross Domestic Product (GDP), using the Expenditure Approach between 2010-2013.

Agric firms’ earnings soar on higher palm oil prices

NIGERIA – Two major agriculture firms operating in Nigeria’s oil palm sector which are quoted on the Nigerian Stock Exchange (NSE) have recorded the strongest growth in six quarters, as second-quarter 2014 earnings spiked on increased price of palm oil at the international market, BusinessDay analysis shows.