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...

Oil Sector GDP Contribution Drops By N270bn In Nine Months   The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn...

Nigeria Records N18.54trn Real GDP In Q3, 2021   The National Bureau of Statistics (NBS) has said in third quarter (Q3) of 2021, Nigeria recorded N18.54 trillion real Gross Domestic Product (GDP). Besides, the bureau said in the period under review, the country recorded N45.11 trillion nominal...

W/Bank Says Nigeria, 39 Others May Not Attain Pre-COVID-19 GDP Levels By 2026             The World Bank has said that Nigeria and 39 other countries may not return to pre-COVID-19 levels of Gross Domestic Product per capita even by 2026 despite projected rates of economic growth. It...

Fed Govt Plans $2,300 GDP Per Capita By December           The Federal Government has said that it expects Nigeria’s Gross Domestic Product per capita to rise to $2,300 by the end of the year. According to the Minister of Industry, Trade and Investments, Niyi Adebayo, the country’s...

CBN Projects 3% GDP Growth           The Central Bank Governor, Godwin Emefiele, has said that the country’s Gross Domestic Product can rise to three per cent by the end of 2021. He spoke during the 14th annual Chartered Institute of Bankers of Nigeria’s banking and finance conference...