Nigeria’s average GDP growth rate has remained negative since 2014 – Okonjo-Iweala
The Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has observed that Nigeria’s Gross Domestic Product (GDP) growth ...
Tag: GDP growth
Nigeria’s GDP projected to reach 2014 level of $552 billion by 2031- Report
Nigeria’s real Gross Domestic Product (GDP) is projected to reach $552 billion by 2031 according to research by Afrexim Bank. ...
Analysts warn of asset liability risks as Nigerian banks scale up for $1 trillion economy
As lenders expand in size and scale to meet the demand of a $1 trillion economy, analysts at Proshare have ...
IMF sees Nigeria’s inflation dropping to 26.3% this year
The International Monetary Fund (IMF) has projected Nigeria’s inflation rate to drop to 26.3% in 2024 as it upgrades the ...
Crude Oil and Gas sector registers 13 consecutive quarters of negative GDP Growth under APC Government
Data from the National Bureau of Statistics shows that Nigeria's crude oil and gas mining sector recorded a negative real ...
Financial experts urge President Tinubu to enhance investment for optimal GDP growth
Financial experts have called on President Bola Tinubu to improve on investment in the economy to enable him to achieve ...
World Bank suggests increased oil revenues to stabilize Nigeria’s economy
The World Bank has advised Nigeria to increase its oil revenues to stabilize the country's economy.
IMF revises Nigeria’s 2022 growth projection downwards to 3%
The IMF also projected massive economic slowdown for the country due to Nigeria’s weak oil production and the heavy impact ...
Climate change to cost Nigeria 30% of its GDP by 2050 – World Bank
The World Bank has estimated that climate change could cost Nigeria 30% of its Gross Domestic Product (GDP) in 2050.
Manufacturing sector records GDP growth of 2.28% in Q4 2021
Nigeria's Manufacturing sector recorded a real GDP growth of 2.28% (year-on-year) in Q4.
