The federal government has called for urgent measures to unlock the vast, but under-utilised economic potential between Nigeria and Egypt, saying that bilateral trade between both countries remains paltry at $211.2 million as of 2023.
Following the rebasing of Nigeria’s Gross Domestic (GDP) report, the National Bureau of Statistics (NBS) has stated that Nigeria’s economy grew by 3.13 percent.
The Statistician General of the Federation, Adeyemi Adeniran, said top five performing sectors include real estate, telecommunications and the oil and gas.
The National Bureau of Statistics (NBS) will on Monday launch Nigeria’s long-anticipated rebased Gross Domestic Product (GDP) report, using 2019 as the new base year.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.
