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Nigeria’s GDP Growth Fell to 3.10% in 2022, According to NBS

According to the National Bureau of Statistics, Nigeria’s economy grew significantly in the fourth quarter (Q4) of 2022, with its GDP increasing by 3.52 percent. The figure represents a 1.27…

Economist Predicts Naira Crisis Could Result in Monthly Loss of $18M in GDP

According to Bismarck Rewane, CEO of Financial Derivatives Company, Nigeria will suffer a total GDP loss of $18 million per month as a result of the negative effects of the…

What Nigeria Must do to Increase Capital Inflow, IMF Explains

To increase foreign capital flows into the economy, the International Monetary Fund (IMF) has requested that the Central Bank of Nigeria (CBN) permit commercial banks to choose dollar buy-sale rates.…

Nigeria’s GDP Growth Slows to 2.25% in Q3 2022

Nigeria experienced real growth of 2.25 percent year over year in the third quarter, according to data from the National Bureau of Statistics (NBS).   This was mentioned by NBS…

Dangote Outlines Plan for Manufacturing to Contribute over 20% to GDP in 10 years

15% manufacturing sector growth, 20% manufacturing contribution to GDP, 15% growth in export of manufactured products....

Pantami Excited as ICT Contributes 18.44% to Nigeria’s GDP

This is the highest contribution of ICT to the GDP and is truly unprecedented and marks the third time that the sector has achieved an unprecedented contribution to Nigeria’s GDP

Pantami Excited with the Unprecedented 18.44% Highest Ever ICT Sector Contribution to Nigeria’s GDP

The Report by the NBS indicated that the ICT sector contributed 18.44% to the total real GDP in Q2 2022.

NCC ​Remitted N463b to Federation Account in 5 Years

According to him, the industry's contribution to the GDP increased from 8.5% in the fourth quarter of 2015 to 12.61 percent in the fourth quarter of 2021. Over the same…

Digital Economy Will Contribute 15% to Nigeria’s GDP by 2025

Nigeria's Digital Economy to Make Significant Contribution to GDP

How Micro Businesses are Overcoming Challenges of Doing Business in Rural Areas

Through SMS, WhatsApp, phone calls or log-in onto its site where applicable, customers now easily place orders and get the goods delivered swiftly without being charged for delivery.

Nigeria’s 2022 Q1 Economic Growth Slows

GDP grew by 3.98 percent in the fourth quarter of 2021. In the first three months of last year, the growth rate was 0.51 percent.

AGF Suspended “Without Pay” By Finance Ministry Over N80bn Fraud Allegations

In a letter dated May 18, 2022, Zainab Ahmed, who heads the Ministry, said the suspension “without pay” was to allow for “proper and unhindered investigation” in line with public…