NBS: Nigeria's GDP Increases By 3.4% In 2021  The National Bureau of Statistics (NBS), says that Nigeria’s Gross Domestic Product (GDP) increased by 4.03 per cent in the third quarter of 2021. According to NBS report, in the third quarter of 2021, Nigeria’s real GDP at...

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth   The Nigerian insurance industry grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020, figures obtained from the National Bureau of Statistics have shown. The NBS, in its Gross...

Nigeria’s Debt Vulnerable, costly - W/Bank   The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According to the Washington-based global financial institution, the country’s debt is also at risk of becoming unsustainable in the event of...

Nigeria’s Economic Growth Still Fragile, Despite 4.03% GDP – CBN   A member of the Monetary Policy Committee of the Central Bank of Nigeria, Adamu Lametek, has said the Federal Government should continue to focus on the country economic growth as it remains fragile. Lametek, who is...

Fed Govt Projects 61% Growth In GDP Per Capita By 2025   The Federal Government has said that it expects Nigeria’s Gross Domestic Product per capita to rise to $3,706.29 by 2025. This represents about 61 per cent projected growth from the $2300 GDP per capita growth...

Amid Unfavourable Environment, Manufacturing Output Rebounds, Hits N7trn     In the third quarter of the year, the manufacturing sector recorded a total output of N7.1tn. The N7.1tn is N1.7tn higher than N5.4tn recorded in the second quarter of 2021. This is according to data contained in the latest...