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
NBS data for Q3 2020 shows a dip of 3.62% in real GDP, confirming the Nigerian economy has officially fallen into a second recession in 5 years.
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, -6.63%)
The Nigerian economy officially plunges into recession as the country's GDP in real terms declined by -3.62% YoY in Q3 2020, the second contraction in 2020.
