Tag: GDP

Africa's GDP grew  6.9% in 2021
Economy

Nigeria’s GDP rose by 3.54% in Q2 2022 – NBS

The Nigeria Bureau of Statistics revealed that the country’s Gross Domestic Product grew by 3.54 per cent in the second quarter of 2022. According to Nairametrics, this is an improvement compared to the 3.11 per cent growth recorded in the previous quarter. On a year-on-year basis, the Q2 2022 growth rate decreased by 1.47 per […]

Why Nigeria must save oil revenues - IMF
Economy

High inflation, fiscal deficit to persist in Nigeria -IMF

The International Monetary Fund has said that the rate of inflation in Nigeria is expected to remain elevated in 2022. According to the lender, the fiscal deficit of the consolidated government is expected to remain high at 6.1 per cent of the nation’s Gross Domestic Product majorly due to costly petrol subsidies and limited tax […]

Economy

Experts warn Nigeria as World Bank predicts global recession

Economic and financial experts have warned that Nigeria could face serious economic consequences if the global economy contracts into a recession, as predicted by the World Bank. The President of the World Bank Group, David Malpass, told a United States business event on Wednesday that it was difficult to “see how we avoid a recession.” […]

Africa's GDP grew  6.9% in 2021
Economy

Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS

The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic Product rose by 3.11 per cent in the first quarter of 2022. In a tweet posted to its official Twitter page, @NBS_Nigeria, on Monday, the NBS wrote, “Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of […]