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NDPC begins inquiry into reported cyber breach affecting

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Custodian investment paid ₦419m penalties in 2025

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Tinubu appoints Shu’aibu Aliyu as PTDF executive secretary

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Tag: GDP

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, […]

Economy featured

FG to boost GDP by 21% with digital e-governance bill

The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance Bill is passed into law. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, stated this […]

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Economy featured

Govs target $100bn GDP from creative sector by 2030

The Nigeria Governors’ Forum has pledged to support the Federal Government’s initiative aimed at enhancing the growth and development of Nigeria’s creative economy and tourism sectors. The News Agency of Nigeria reported that the federal government outlined key strategic interventions to grow the arts, culture, tourism and creative economy contributions to the Gross Domestic Product […]

Economy

GDP experiences slow growth, climbs 2.54% in Q3 – NBS

The National Bureau of Statistics has stated that Nigeria’s GDP grew slightly in real terms during the third quarter of 2023, or 2.54% year over year. However, the country’s GDP remained muted. According to The Punch, this growth rate is higher than both the 2.25 percent growth in Q2 2022 and the 2.51 percent increase in Q2 […]

Why Africa risks losing 15% GDP to climate change - AADFI
News

Why Africa risks losing 15% GDP to climate change – AADFI

Under the auspices of the Association of African Development Finance Institutions, Development Finance Institutions have called for actionable plans to incorporate climate-resilient products into African business models as part of solutions to address climate finance needs and derisk sustainable investments in the region. According to The Punch, this was due to research that showed if […]

Equity market loses N92bn as stocks tumbles
Business

Stock market maintains upward rally despite poor GDP data

The Nigerian stock market has been dominated by a bullish trend against the backdrop of the Gross Domestic Product, GDP, which reported a 2.51% rise in the second quarter of 2023, Q2’23, a considerable drag below both the first quarter result and experts’ predictions. Vanguard reported that the Nigerian Exchange Limited, NGX, All-Share Index, ASI, […]

How inflation, forex crisis may affect consumer goods industry - Report
Economy

Nigeria’s GDP rose 19.54% in Q2 2023 – Report

In the second quarter of 2023, ICT-related activities accounted for 19.54% of Nigeria’s real Gross Domestic Product. This information was included in the Q2 GDP data by the National Bureau of Statistics. When compared to the 18.44% observed during the same period previous year, this indicates an increase in contribution. The sector’s real GDP contribution […]

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