Nigeria is undergoing a crucial economic data transformation, and at the forefront is Prince Semiu Adeyemi, the Statistician-General of the Federation. Speaking passionately at a sensitisation...
In a bold move toward aligning with global standards, the National Bureau of Statistics (NBS) has announced plans to incorporate hidden and illegal economic activities—such as...
Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week. The Debt Management Office (DMO) revealed...
The non-oil sector contributed 93.62 percent to Nigeria’s Gross Domestic Product (GDP) growth in the first quarter of 2024. The National Bureau of Statistics (NBS) disclosed...
Vice President Kashim Shettima has implored African leaders to work towards ramping up the continent’s Gross Domestic Product (GDP) to $3.1 trillion. Shettima, according to a...
Nigeria’s economy grew 2.54% in the third quarter of 2023 the National Bureau of Statistics (NBS) latest report on Nigeria’s Gross Domestic Growth (GDP) released on...
The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most...
The chief economist, KPMG Nigeria, Oyeyemi Kale, has projected that the Central Bank of Nigeria’s (CBN) Naira redesign policy will drag Nigeria’s Gross Domestic Product (GDP)...
The National Bureau of Statistics (NBS) has announced that Nigeria’s economy grew in the fourth quarter of 2022, at a faster pace compared to the previous...
The National Bureau of Statistics (NBS) said on Thursday Nigeria recorded a Gross Domestic Product (GDP) growth of 2.25 percent in the third quarter of this...
The National Bureau of Statistics (NBS) said on Saturday Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent in the fourth quarter of 2021. This...
The National Bureau of Statistics (NBS) said on Monday the agricultural sector contributed N41 trillion to the country’s Gross Domestic Product (GDP) last year. This, according...
Nigerians’ household expenditure rose to N54.84 trillion in nominal terms in the first half of this year. The National Bureau of Statistics (NBS) disclosed this in...
Claim Nigeria’s tax to GDP is amongst the lowest in the world. Tax channels are mostly multiple illegal extortions. Conclusion YES. Nigeria’s multiple tax channels do...
Experts said on Wednesday countries in Africa could lose an average of two to five percent of their Gross Domestic Products (GDP) to climate change. They...
The Senate has passed the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) of the Federal Government with no adjustments to the assumptions...
The federal government has projected a rise to 4.2 percent of the country’s Gross Domestic Product (GDP) in 2022. The Minister of Finance, Budget, and National...
Despite the backlash that trailed Nigeria’s consistent borrowing, the country has one of the lowest debts to Gross Domestic Product (GDP) among peers. Latest data from...
The Lagos Chamber of Commerce and Industry has reacted to the latest Gross Domestic Product figures released by the National Bureau of Statistics on Sunday. According...
Nigeria’s Gross Domestic Product (GDP) increased by 0.51 percent in the first quarter of 2021, the National Bureau of Statistics (NBS) said on Sunday. In its...
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has revealed the commencement of processes towards reviewing the salaries and allowances of political and judiciary officeholders. This...
Due to economic challenges occasioned by the COVID-19 pandemic, Nigeria’s household consumption dropped by N1.6 trillion last year. The National Bureau of Statistics (NBS), which disclosed...
Nigeria’s minister of finance, budget and national planning, Zainab Ahmed, said the Federal Government is drafting a Strategic Growth Revenue Initiative (SGRI) 2.0 to improve Nigeria’s...
Holiday season is coming at the worst possible time for millions of Nigerians. Already, it’s been an economic calendar to forget and things look like they’ll...
The International Monetary Fund (IMF) has forecasted that the Nigerian economy will slow down by 4.3% this year, reversing it from its earlier projection of -5.4%. The...
Intolerance due to inherent and acquired diversities among citizens is expected of a country like Nigerians. It is believed that football, to some extent, unites Nigerians...
Nigeria’s second quarter Gross Domestic Product (GDP), whose details were published by the National Bureau of Statistics (NBS) on Monday, revealed that the Nigerian economy performed better than...
Nigeria’s Gross Domestic Products (GDP) for the second quarter 2020 shrank by 6.10 percent, the National Bureau of Statistics (NBS) said on Monday. The GDP which measures...
The International Monetary Fund (IMF) has identified the major fiscal challenge faced by Nigeria as “its very low revenue” and not its debt burden. The multilateral...
Nigeria’s Gross Domestic Product (GDP), which measures the size of the economy, grew by 1.87% in the first quarter of 2020, 0.68% lower than the rate of growth...
Riding on the back of an economic growth that surpassed forecasts in the fourth quarter of 2019 and stimulated expansion in the four years to 2019,...
The Federal Government has unveiled its plan to expand the country’s tax to Gross Domestic Product (GDP) ratio to 17% from 6% come 2023. Muhammad Nami,...
The International Monetary Fund (IMF) on Wednesday for the third time this year, expressed concerns over the rising debt profile of Nigeria, saying that the debt...
The National Bureau of Statistics (NBS) on Monday said the Information and Communications Technology (ICT) contributed 11.34 percent to Nigeria’s real Gross Domestic Product in the...
Nigeria’s Gross Domestic Product (GDP) grew by 2.28 percent in the third quarter of 2019, the National Bureau of Statistics (NBS) has said. The NBS, in...
Nigeria’s Minister of Aviation, Hadi Sirika, has declared that Arik Air is not qualified as a national carrier. The minister stated this on Wednesday in Abuja...
The Minister of Communications and Digital Economy, Dr Isa Ibrahim, has claimed that the Information and Communication Technology (ICT) sector currently contributes more to Nigeria’s Gross...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday said that fears being expressed over Nigeria’s debt portfolio were not necessary. According...
The two leading global economies, the U.S. and China, have succeeded in maintaining a high profile through creating a space that encourages business growth and building alluring cities that attract investors from the outside. While...
Oddities they say make the news. This time-honoured saying explains the recent reaction elicited when Rauf Aregbesola, upon assumption of office as the new Minister of...
Ghana has been chosen by the African Union (AU) to host the secretariat of the African Continental Free Trade Area. It beat other competing countries including...
The Manufacturers Association of Nigeria, MAN, has lamented that the level of industrialization in the country is too low, contributing just 10 percent of the nation’s...
International magazine, The Economist has attracted the anger of the Buhari Media Organisation, BMO, over it’s latest poverty report on Nigeria. The Pro- President Muhammadu Buhari...
The International Monetary Fund, IMF, has raised the alarm that ratio of Nigeria’s debt profile to GDP is already risky. The IMF stated this on Wednesday...
In an effort to boost the country’s manufacturing output to 20 percent of the Gross Domestic Product, GDP, the Federal Government said it would be setting...
Following the 1.93 per cent Gross Domestic Product (GDP) growth recorded by Nigeria in 2018, as against the 0.82 per cent achieved the previous year, the...
The World Bank has predicted that Nigeria’s Gross Domestic Growth, GDP, will expand by 2.2 percent in 2019. The World Bank made the prediction in its...
The International Monetary Fund (IMF) has put Nigeria’s debt at 34 percent of the country’s Gross Domestic Product (GDP). The Fund revealed this in a new...
The National Bureau of Statistics, NBS, has said that the nation’s Gross Domestic Product, GDP, grew to 1.81 percent (year-on-year) in real terms in the third...
The Federal Government said it was encouraged by the 2.05 percent growth in the non-oil sector for the second quarter of 2018. It noted that the...
