Household consumption expenditure of Nigerians rose by 16.59% in Q4 2020 to stand at N13.92 trillion.
The sector grew by 15.29% in 2020 in real terms despite the general decline seen in the economy in 2020.
The Lagos State Government commenced the disbursement of the N1 billion seed capital for the tourism and hospitality sector approved.
The information and communication sector grew by 13.8%% in full-year 2020 compared to 11.08% growth recorded in 2019.
NBS report reveals that the real GDP of Nigeria’s Manufacturing Sector contracted by 2.75% in 2020.
Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020.
Nigeria’s Gross Domestic Product (GDP) contracts by 1.92% in real terms in 2020 as the economy posts a real GDP growth of 0.11% in Q4 2020
The sojourn through Nigeria’s economic history reveals few insights as to what is required to move growth up several gears.
At the time of writing this report, Bitcoin comfortably outmatched Nigeria's GDP with a market value of $468 billion.
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income