The Presidency yesterday described as a welcome development the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics, with oil, agriculture and industrial sectors leading the growth. The Senior Special Assistant to the President on Media and Publicity (Office of the...

The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016. The NBS made this known in its “Nigerian Gross Domestic Product Report on Expenditure and Income Approach for the third and fourth...

The Federal Government’s recent admission that Africa’s largest economy (going by the 2014 rebasing) is now in recession has turned out to be one rude shock many are finding difficult to accept. Only two years ago, Nigeria with a Gross Domestic Product of $578 billion...