Manufacturing Sector Hits Sixth-month Slow Growth         The Purchasing Managers Index for the manufacturing sector which started contracting in May recorded another contraction in October according to the Central Bank of Nigeria. The statistics department of the CBN disclosed in its ‘Purchasing Managers’ Index survey report for...

Trade To Drive Growth In August – CBN Survey     The retail and wholesale trade sector will drive business expansion in August, according to expectations from firms. The statistics department of the Central Bank of Nigeria disclosed this in its business expectation survey report. The survey was...

Insurance Sector Recorded 5.6% Growth In Q1 - NBS     The insurance sector grew by 5.6 per cent in the first quarter of 2020 financial period, according to latest statistics from the National Bureau of Statistics on the 2020 Q1 Gross Domestic Product report. Part of the...

Real Estate Growth Declined By 1.39% In Q1   Real estate service growth fell from 2.51 per cent in the fourth quarter of 2019 to 1.12 per cent in the first quarter of 2020. The National Bureau of Statistics disclosed this in Nigeria’s gross domestic report for...

Economic Activities Grew At Slower Rate In February — CBN   Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in February 2020. The Central Bank of Nigeria’ Statistics Department disclosed in its February 2020 Purchasing...

IMF, World Bank Differ On Nigeria’s Growth Forecast   Contrary to the 2.1 per cent growth projected by the World Bank in the Nigerian economy, the International Monetary Fund (IMF) on Monday projected 2.5 per cent growth for it. The IMF projection, as contained in its January...