Rising Debt: Nigeria, Others Face Fresh Rating Downgrade - Fitch       Fitch, world’s leading risk rating agency, has hinted that the median of government debt-to-gross Domestic Product, GDP, ratio for Nigeria and 18 other Sub-Sahara African Countries it rated in the region would rise to 71%...

Nigeria May Record N4.9trn Decline In Nominal GDP — Investigation   The outbreak of the coronavirus pandemic in Nigeria may result in a decline of N4.95tn in the nation’s nominal Gross Domestic Product in the present fiscal year, investigation has revealed. Nominal GDP measures the value of...

W/Bank Predicts Sharp Fall In Nigeria’s GDP   The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa head towards recession as a result of the ongoing coronavirus outbreak. The latest edition of Africa’s Pulse, the World...

Telecoms Sector Contributes N6trn To GDP Quarterly, NCC Says   Nigeria’s telecommunications sector contributes over N6tn to the country’s Gross Domestic Product in each quarter of every year, the Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Dambatta, has said. He said this on Tuesday...

Manufacturing Output Rose By N4.33trn To N16.7trn   Within a one-year period covering January to December 2019, the total monetary value of the manufacturing sector’s output rose by N4.33tn to N16.78tn. An analysis of the Gross Domestic Product report from the National Bureau of Statistics showed that...

Manufacturing Declines As 2.27% GDP Growth Surpasses IMF Projection   The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019. The annual GDP growth rate of 2.27 per cent,...