Oil sector contracts to slow GDP growth to 1.50% in Q2

The oil sector contracted to slow growth in the nation’s real Gross Domestic Product (GDP) to 1.50 per cent in the second quarter of 2018 from 1.95 per cent recorded in the first quarter of the year. Recently, the Statistician General of the Federation, Dr. Yemi Kale, said though the economy was out of recession, […]

Nigeria records 1.5% GDP growth in Q2, 2018

The National Bureau of Statistics (NBS) on Monday reported that Nigeria’s Gross Domestic Product (GDP) grew by 1.5 percent in the second quarter of this year. The Bureau stated that the growth rate, which remained the highest since Nigeria’s exit from recession, was driven by the non-oil sector. In its report titles ‘Q2, 2018 Gross […]

Nigeria’s GDP growth slows to 1.95% in Q1

Nigeria’s economic growth slowed in the first quarter of this year, expanding by 1.95 percent, despite oil prices and production rise. The National Bureau of Statistics, NBS, latest report on the nation’s GDP published today showed that the figure was higher when compared with the–0.91 per cent recorded in the first quarter of 2017, indicating […]

Nigeria, S/Africa, Angola account for 60% of SSA’s GDP – World Bank

The World Bank today listed Nigeria, South Africa, and Angola as top regional economies that contributed about 60 percent of sub-Saharan Africa’s annual Gross Domestic Product (GDP) in 2017. The Managing Director, International Monetary Fund (IMF), Christine Lagarde, said that Sub-Saharan Africa remained on course for economic growth of 3.1 percent this year, marginally slower […]