Real Estate Now Third Largest Sector Surpassing Oil, Gas In a major shift in Nigeria’s economic landscape, real estate has now surpassed oil and gas to become the country’s third-largest sector, according to the latest data from the ongoing GDP and CPI rebasing process. This re-basing...

Experts Project 3.5% Growth for Nigeria Economy in 2025 The Nigerian economy has been projected to grow by 3.5% year-on-year (Y/Y) in 2025, an improvement from an estimated 3.2% year-on-year in 2024. This is according to the most recent NESG-Stanbic IBTC Business Confidence Monitor report, written...

Nigeria's Debt Profile to Exceed N13tn Target   The federal government's borrowings are expected to surpass the initial N13 trillion target to cover the budget deficit in 2025. Analysts at Afrinvest Research, in their 2025 Outlook Report, projected that net issuances of at least N13.7tn may be...

Manufacturing Sector's GDP Contribution Drops in Q3'24   Nigeria's manufacturing sector experienced a decline in its contribution to the country's GDP in Q3 2024, according to a report by the Manufacturers Association of Nigeria (MAN). MAN in its Quarterly Economic Report for 3rd Quarter of 2024, also...

Nigeria’s GDP Grew By 3.46% In Q3 2024 – NBS Nigeria’s Gross Domestic Product (GDP) has grown by 3.46 per cent in real terms in the third quarter (Q3) of 2024 on a year-on-year basis. This is according to a Monday GDP report published by the...

Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF   The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and Ghana, but noted that headline inflation will remain...