This is the first clear data-driven sign that Nigeria is in a recession.
Banking sector credit to the economy grew for the second consecutive quarter by 5.8% q/q in Q4 2019 to N17.2 trillion, the highest level as far...
The Nigerian economy ended 2019 in what appears to be another major setback, as trade balance posted N579 billion deficit in the fourth quarter of 2019.
Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38%.
Data obtained from the NBS show that Nigeria spent a whooping sum of N1.08 trillion to import used vehicles and motorcycles in one year.
The number of active voice subscribers increased by 5.15 million to 179.17 million in the third quarter of 2019 from 174.02 million.
The Nigerian government is not frustrating efforts to publish unemployment data, says the National Bureau of Statistics (NBS).
According to media reports, ASSBIFI has lamented the practice of casual, contract and outsourcing staff policy in the banking sector.
Nigeria’s inflation rate has dropped again to 11.02% in August 2019. This was revealed in the latest inflation report released by the NBS. According to the NBS report, inflation dropped...
Data from the National Bureau of Statistics (NBS) revealed that the country’s GDP slowed to 1.94% y/y from a revised growth rate of 2.10% y/y in...