Nominal GDP Reaches N60.93tn in Q2, Says FG The Federal Government has announced that Nigeria’s nominal Gross Domestic Product (GDP) reached N60.93tn in the second quarter of 2024, reflecting significant improvements in the nation’s economy. It also stated its commitment to implement policies to help identify...

FG, States, LGs Shared N3.47tn in Q2 – NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473tn to the three tiers of government in the second quarter of 2024. This reflects an increase of N46.77bn (1.42...

Nigeria’s Non-Oil Export Records 6.26% Growth – NEPC The Nigerian Export Promotion Council (NEPC) says Nigeria’s non-oil export sector recorded impressive growth in the first half of 2024, generating 2.7 billion dollars in revenue. The Executive Director of NEPC, Nonye Ayeni, said this while presenting a...

Domestic Air Fare Rises By 25% To N98,561 In July The National Bureau of Statistics (NBS) said domestic air fare rose by 25 percent year-on-year (YoY) to N98,561.74 in July 2024 from N78.775.74 in July 2023. The bureau disclosed in its Transport fare watch report for...

Nigeria GDP Grew By 3.19% In Q2, NBS Says Nigeria’s Gross Domestic Product (GDP) grew by 3.19 percent (year-on-year) in real terms in the second quarter of 2024, according to a latest data from the National Bureau of Statistics (NBS). The growth rate is higher than...

Inflation Rate Drops to 33.4% In July – NBS A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40 per cent in July 2024 from 34.19 per cent in June 2024. The development marks...