Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent on a year-on-year basis in real terms in the second quarter (Q2) of the year. The National Bureau of Statistics (NBS) revealed this in its second-quarter report released on Monday, September 22. The report shows the growth rate is higher than the 3.48 per cent …
Following the recent report of the consumer price index (CPI), the Special Adviser to the President on Economic Matters, Tope Fasua, believes Nigeria’s headline inflation is headed towards a single-digit figure. Fasua, who appeared on Channels Television’s Morning Brief on Tuesday, September 16, expressed optimism that the continued drop in inflationary pressure would translate to …
Nigeria’s headline inflation rate continued its downward trend for the fifth consecutive month, easing to 20.12 per cent in August 2025 from 21.88 per cent recorded in July. This represents a 1.76 percentage point decline, according to the Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The sustained …
Nigeria recorded a ₦7.46 trillion trade surplus in the second quarter (Q2) of the year, according to the National Bureau of Statistics (NBS). It revealed this in its latest foreign trade report released on Friday, September 12. The report shows that Nigeria’s total export of ₦22.75 trillion was higher than its imports of ₦15.28 trillion, …
Nigerian private sector business recorded a four-and 19-month high in output and new orders, respectively, in August, but the manufacturing sector remained subdued. The sector is among the four broad sectors, including agriculture, construction, and services, that Stanbic IBTC Bank tracks in its monthly Purchasing Managers Index (PMI) report. The latest report, released on Monday, …
