In 2014, Nigeria became the largest economy in Africa, with a GDP of around $509 billion. The country achieved this milestone after a GDP rebasing exercise, which changed its economic base year

Business activities in the country fell for the fifth consecutive month in November as inflationary pressures remained elevated, the latest monthly Purchasing Managers Index (PMI) by Stanbic IBTC Bank has shown.

  The Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, has said that closing gender gaps will add ₦15 trillion to Nigeria's Gross Domestic Product (GDP) annually by 2025. She stressed the need for a renewed national commitment to creating a society where every woman, child, man, and boy can live free from fear and violence.…

Experts in the maritime sector have said Nigeria’s blue economy has the potential to revolutionise the economy, increasing its Gross Domestic Product (GDP) from $407 billion to $1.5 trillion.

Experts in the maritime sector have stated that Nigeria's blue economy has the potential to revolutionize the country's economy, increasing its GDP from $407 billion to $1.5 trillion. Presenting their papers during a three-day conference in Port Harcourt, Rivers State, Angus Chukwuka, President of the Admiralty Lawyers Society of Nigeria, and Soji Adeleye, CEO of…

The Nigerian Government has announced its plan to rebase the country’s Consumer Price Index (CPI) and Gross Domestic Product (GDP) by 2025. The move is expected to change the methodology currently used in computing the figures to reflect the informal sector

• As output surpasses World Bank, IMF projections • Self-employed jobs jump to 85.6 per cent • Rising debt poses major risk to private sector growth, says Muda Yusuf Notwithstanding the high inflation rate, rising interest rates and company closure, escalating energy, insecurity and several other headwinds have impacted the economy, the National Bureau of…

President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics. According to the NBS, Nigeria's GDP grew by 3.46%, compared to the 3.19% growth recorded in the second quarter. The growth in GDP…

What does it take to develop Africa? To enable it to take its pride of place in the world, and reduce its dependence on foreign aid?

The Nigerian manufacturing sector stands at a critical inflexion point, with recent data revealing an alarming 20.95 per cent decline in GDP contribution during the first two quarters of 2024. As a financial sector expert with extensive experience in risk management and business process optimisation, I present an analytical framework addressing this crisis that threatens…

The Nigeria Macroeconomic Outlook for 2025 has predicted that the naira could sell for N2000 per dollar in a worst-case scenario, while both currencies may exchange for about N1790 in a best-case scenario. The Macroeconomic Outlook, released yesterday in Abuja by Veriv Africa, a data insights, research, and advisory company, also forecast a 3.6 percent…

Two nations, each poised on the brink of transformation and monumental growth, stepped into the decades-old dawn of the 1960s.