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Nigeria suffers economic downturn as GDP/capita falls 72% – IMF
Africa’s largest oil producer, home to over 200 million people, has witnessed a worsening economic downturn in 10 years, with its GDP per capita plummeting by 72.35 per cent.Data obtained from the ...
LEADERSHIP Newspaper23d
Nigeria’s Economic Blueprint Reshaped Through GDP Rebasing
The decision to rebase Nigeria’s GDP in 2024 stems from the recognition of significant changes within the economy. Over time, sectors such as technology, the creative industries, and informal ...
Huge data price hike sparks anger in Nigeria
Nigerians are expressing outrage over a big jump in the price of mobile data charged by some of the country's major phone ...
The Punch on MSN5d
Much ado about GDP calculation
Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually one year. Real GDP eliminates the impact of inflation by applying a deflator ...
The Punch Newspapers8d
Nigeria’s GDP per capita shrinks to $835 —IMF
The International Monetary Fund has revealed that Nigeria’s Gross ... a country during a specified time divided by the average population for the same year. GDP per capita measures the average ...
Reuters26d
Nigeria to rebase GDP and inflation data by month-end, stats office says
ABUJA, Jan 20 (Reuters) - Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current ...
thenews-chronicle14d
Nigeria’s Huge Interest Rate Differential Is Causing A 30% Decline In GDP
Experts warn that the high interest rate spread in Nigerian banks might hurt the nation’s economy by 20 to 30 percent, making things worse for people and companies whose purchasing power has ...
Zawya11d
Nigeria: FG targets $100bln GDP boost with new creative, tourism infrastructure plan
Musawa outlined the government’s bold targets for the CTIC, which include: Contributing at least $100 billion to Nigeria’s GDP; creating over 2 million jobs, with a focus on Nigeria’s vibrant youth ...
Vanguard8d
My administration significantly improved Nigeria’s economy, security – Buhari
“I inherited an economy in crisis and a country plagued by insecurity, but by the time ... Nigeria will continue to make progress under successive administrations. Buhari officially handed over ...
Daily Post Nigeria8d
Nigeria’s economy, security in good shape under my watch – Buhari
Nigeria’s immediate past president, Muhammadu Buhari, has reiterated that the country’s economy and security were in good shape under his administration. Buhari made the remarks on Wednesday ...
LEADERSHIP Newspaper1mon
When Will Nigeria And Africa Time Come?
Despite its struggles with human rights and democracy, it has harnessed its population of over a ... If Nigeria continues on this trajectory — with a palliative economy, excessive borrowing ...