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Qatar loads first LNG cargo after force majeure

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Qatar loads first LNG cargo after force majeure declaration

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Pension assets hit ₦28.04trn in January 2026

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Finance

Tag: GDP

Business featured

Textile sector GDP falls to ₦4.384trn in 2025

Nigeria’s cotton, textile, and garment industry experienced a continued downward trend in 2025. The sector’s contribution to the nation’s Gross Domestic Product declined to N4.384 trillion. This reflects ongoing structural challenges facing the industry. Data from the National Bureau of Statistics indicates a steady decline in the sector’s output over the past three years. The […]

Economy

Capital market contribution to GDP jumps to 33%

The Nigerian capital market’s contribution to the nation’s Gross Domestic Product has increased to 33 per cent from 13 per cent. This rise follows a N68.93 trillion growth in market capitalisation since April 2024. The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, made this disclosure during his inaugural address to the newly […]

Finance

FG pledges 5% of GDP for industrial financing push

The Federal Government has announced plans to allocate up to five per cent of Nigeria’s Gross Domestic Product annually for industrial development financing. This move aims to significantly increase the manufacturing sector’s contribution to the economy. The initiative forms part of the newly launched Nigeria Industrial Plan, which was unveiled in Abuja by the Federal […]

NESG condemns FG's N3.5tn budget for education, health
Opinion

GDP under Obasanjo, Jonathan better than Tinubu’s govt — PDP chieftain

A Peoples Democratic Party presidential hopeful, Dr. Gbenga Olawepo-Hashim, has criticised the economic performance of President Bola Ahmed Tinubu’s administration. He said Nigeria’s economy is significantly weaker than it was under previous governments and challenged top economic officials to publicly defend their record. Olawepo-Hashim spoke during an interview on Channels Television, where he addressed the […]

Finance

Nigeria’s GDP to grow above 4% in 2026 – Analysts

Nigeria’s economy is projected to record stronger growth this year, with analysts forecasting real Gross Domestic Product expansion of about 4.4 per cent as the impact of ongoing reforms continues to shape economic performance. According to BusinessDay, the growth projection is supported by assessments from the Central Bank of Nigeria, leading economists and reputable investment […]

Finance

Financial sector GDP contribution drops 15% in nine months

Banks, insurance, and other financial institutions’ contribution to the economy fell by 15 per cent to N1.512 trillion in the third quarter, from N1.778 trillion in the first quarter of the year. This followed the second consecutive decline in the sector’s quarterly contribution to the nation’s Gross Domestic Product in the Q3’25. Vanguard reported that […]

Nigeria is finished if manufacturing sector dies, MAN warns
Economy

MAN projects 3.1% industry growth, 10.2% GDP contribution by 2026

The Manufacturers Association of Nigeria has projected a much improved performance of the sector in 2026, with an expectation of 3.1 per cent real growth and a contribution of 10.2 per cent to the real gross domestic product in the coming year. MAN’s Director of Research and Economic Policy Division, Dr. Oluwasegun Osidipe, who made […]

Opinion

Nigeria’s GDP growth to drop as oil prices fluctuate – Rewane

Nigeria’s economy is expected to expand at a slower pace in the third quarter of 2025, with GDP growth projected to dip to 3.9 per cent from 4.23 per cent recorded in Q2. According to managing director/CEO of Financial Derivatives Company, Bismarck Rewane, this moderation reflects the lagged impact of easing monetary policy, volatile oil […]

Economy featured

Nigeria’s GDP grows by 4.23% in Q2 2025

Nigeria’s Gross Domestic Product grew by 4.23 per cent in the second quarter of 2025, according to the National Bureau of Statistics. This growth rate is higher than the 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent posted in the first quarter of 2025. The NBS attributed the […]

Economy

Nigeria targets 25% industry share of GDP by 2035

The Federal Government has launched a new industrial roadmap aimed at more than doubling the sector’s share of national output over the next decade, projecting a rise from the current 10 per cent contribution to 25 per cent of GDP by 2035. Minister of State for Industry, Senator John Owan, disclosed the plan at the […]

Economy

Nigeria targets 25% industrial GDP growth by 2035, says minister

The Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025 and 2035 under a newly validated strategic framework. The Minister of State for Industry, Sen. John Owan, made the remark during a panel session at the ongoing Gastech Exhibition and Conference in Milan, […]

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