Despite the rebasing of Nigeria's Gross Domestic Production (GDP), the country still retains its position as the fourth largest economy in terms of Nominal terms.

The service, industry, and agriculture subsectors propelled Nigeria's economy's expansion to N372.8 trillion in 2024 ($145.3 ...

The National Orientation Agency (NOA) says foreign exchange (FX) rate volatility remains the only challenge to Nigeria’s ...

The World Bank may approve a $250m loan to Nigeria next month under the third phase of its Health Security Programme in Western and Central Africa as the country battles mounting health and economic ...

According to the World Bank, Africa received approximately $100 billion in remittances in 2023, accounting for about 6% of the continent’s GDP. Mastercard is playing a key role in enabling the ...

PRETORIA (Reuters) -South Africa's economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a ...

The government expects the GDP to grow from N54.77 trillion in 2024 to N66.47 trillion in 2025, while the projection for the real GDP is between 5.02% and 6.49%.

Charcoal has fuelled Africa’s urbanisation. It is dense in energy and hard to regulate, much like cities themselves. Despite concerns about pollution, lost trees and illicit money flows, it ...

The Treasury will project a budget gap equivalent to 4.70% deficit of gross domestic product for the 2025/26 financial year, according to a May 8-19 poll of 10 economists. That is wider than the ...

“Lagos is not just growing; we are leading. With a GDP of $259 billion based on purchasing power parity (PPP), we have cemented our place as Africa’s second-largest city economy.