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The Central Bank of Nigeria (CBN)
By
Tue Mar 02 2021
The Nigerian Gross Domestic Product (GDP) report, published by the National Bureau of Statistics (NBS) penultimate week indicates that the economy grew by 0.11 per cent in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters.
According to the report, the growth was largely driven by positive growth recorded in the information and communication sector (15.9%) and agriculture (3.42%).
The positive growth in real GDP indicates that the Nigerian economy has recovered from the pandemic-induced recession which disrupted economic activities in most part of 2020.
The country is expected to capitalise on this to boost the economy further in subsequent quarters.
Ambassade d Allemagne - Libreville
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GLITZ Focus
Perhaps because of his squeaky clean image and sterling achievements as a top corporate player, there were concerns and misgivings about the foray of Senator Tokunbo Abiru into politics. He was until last September the Group Managing Director/CEO of Polaris Bank reputed for stabilising and restoring the bank to the path of profitability. His resignation from banking to vie for a senatorial seat in Lagos State sent shock waves around the industry. Would he perform as a Senator? How would he transition from the corporate world to politics or survive Nigerian politics’ murkiness without losing his marbles? These were some of the genuine agitations of many. Two months into his senatorial odyssey, Abiru has been visible and voluble, initiating bills and lending his voice to debates on the floor of the Red Chamber and proving sceptics wrong by quickly settling into his new role as a Senator of the Federal Republic, writes Lanre Alfred.