According to the report, which was released by the bureau on Tuesday, the fourth quarter GDP grew by 2.38% as against the 1.81% recorded in the third quarter. The figure is 1.6 percentage points…
Nigeria’s Gross Domestic Product (GDP) growth rate increased by 2.38 per cent (year-on- year) in the fourth quarter of 2018 (Q4, 2018), according to the National Bureau of Statistics (NBS). The growth rate…
The National Council of State has approved N27,000 as the minimum wage for the country. The council approved the amount at its meeting in Abuja on Tuesday, 22nd January 2019. Following the Council’s approval, a…
Against the backdrop of the recent drop in global crude oil prices, the International Monetary Fund said on Monday that Nigeria’s economy would expand more slowly in 2019 than previously predicted. The IMF,…
Nigeria’s central bank held its key rate at a record high as it warned of rising inflationary pressures, it said. The decision to retain the rate at 14 percent was unanimous, Governor Godwin…
The Federal Executive Council, FEC, on Friday, approved the 2019 budget proposal. FEC made the approval at its special session presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja….
The National Bureau of Statistics, NBS, says the nation’s Gross Domestic Product (GDP) grew by 1.81% (year-on-year) in real terms in the third quarter of 2018. Compared to the third quarter of 2017…
The Central Bank of Nigeria’s (CBN) Monthly Business Expectation Survey for November 2018, has revealed that businesses are more optimistic about macroeconomic growth. The report, posted on the central bank’s website also revealed…
The National Bureau of Statistics (NBS) Wednesday reported that inflation rate dropped from the 11.28 per cent to 11.26 per cent. This was revealed in NBS’s Consumer Price Index Report which is used…
Nigeria’s foreign exchange reserves have been falling continuously in the past three months, a report from the Central Bank of Nigeria has revealed. Latest figures obtained from the CBN on Friday showed that…
