Covid-19: Nigerian record worst consumption expenditure in over 12 quarters
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income
Tag: Nigeria GDP
Data on Gross Domestic Product Of Nigeria
Nigeria’s economy dips into second recession in 5 years
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.
Nigeria’s oil sector contracts by 13.89%, as covid-19 plunges economy into recession
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, ...
Nigerian economy slips into recession as GDP contracts by 3.62% in Q3 2020
The Nigerian economy officially plunges into recession as the country's GDP in real terms declined by -3.62% YoY in Q3 ...
Most Nigerian banks may fail stress tests if economic downturn persists
Should the current economic downturn linger and deepen, Nigerian banks may fail the requisite stress tests.
Can Agriculture replace Oil in Nigeria?
To truly diversify from oil and create proper value, agriculture must give birth to an industry.
A look at the bright spot in the faltering economy
The telecommunications sector remains one of the fastest-growing sectors in Nigeria’s ailing economy.
Nigeria’s telecom sector posts double digit growth of 18.1%, manufacturing, others contract
According to the GDP report, the telecommunication sector grew by 18.1% in real terms during the second quarter of 2020.
Nigeria’s GDP contracts by 6.10% in Q2 2020, as critical sectors plunge
Nigeria’s Gross Domestic Product (GDP) declined by 6.10% (year-on-year) in real terms in Q2 2020. This is according to the ...
Global pension assets rose to $32 trillion in 2019
Though Nigeria is not on the OECD list, pension asset value in Nigeria grew by 18.3%.
