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Nigeria’s Inflation Hits 15.93% Amid Oil Shocks – Report

Nigeria’s Inflation Hits 15.93% Amid Oil Shocks – Report   Nigeria’s hard-fought, 11-month disinflation streak officially ground to a halt in March 2026, as a fresh wave of global energy disruptions forced headline inflation back on an upward trajectory, ultimately hitting 15.93 per cent in May. This...

Telecoms Add $220bn to Africa’s GDP – Report

Telecoms Add $220bn to Africa’s GDP – Report   The telecommunications sector contributed $220bn to Africa’s economy in 2024, equivalent to 7.7% of GDP, according to the GSMA Mobile Economy Africa 2025 report. Speaking at a telecoms policy event in Kinshasa attended by President Félix Tshisekedi, Airtel...

Agriculture, Telecoms Lead Economic Expansion in 2026, NBS Reveals

Nigeria’s economy grew by 3.89% in real terms in Q1 2026, according to the National Bureau of Statistics (NBS), with expansion driven mainly by agriculture, telecommunications, financial services, construction, and trade.

SMEs Boost Nigeria’s GDP With $2bn Social Media-Based Sales – Report

Nigeria’s small and medium enterprises (SMEs) have contributed $2 billion to the country’s gross domestic product (GDP) through social media-based sales, according to a new report by independent research firm Public First.

Nigeria Records 11.2% GDP Growth in Dollar Terms in 2025, Eyes $1tn Economy by 2030 – Oyedele

‎Nigeria Records 11.2% GDP Growth in Dollar Terms in 2025, Eyes $1tn Economy by 2030 - Oyedele ‎ ‎Nigeria recorded a strong Gross Domestic Product (GDP) growth rate of 11.2 per cent in US dollar terms in 2025, reinforcing the country’s ambition to build a $1...

Nigeria’s GDP Expands 4.07% in Q4 2025 – NBS

Nigeria’s economy grew by 4.07% year-on-year in real terms in Q4 2025, according to the latest GDP report released by the National Bureau of Statistics (NBS).