Nigeria’s GDP is $362.8 billion, falling from a high of $509.97 billion in 2014. As of December 2024, Nigeria’s inflation stood at 34.88 per cent, a 30-year high.

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Rebasing a country’s GDP is like cleaning the lens of a camera. It helps us see the economy more clearly, using updated data that reflects how people actually earn and spend money today, not how ...

Nigeria's inflation rate rose to 34.80% (NGCPIY=ECI) in December from 34.60% in November, the statistics office said last week, noting that food and non-alcoholic beverages contributed the most to ...

Nigeria's total public debt could rise to 37.1% of its gross domestic product (GDP) this year, close to the government's self-imposed 40% limit, the country's Debt Management Office said on Thursday.

After more than two decades, the announcement of $507 billion GDP, almost an 80 percent rise on Nigeria’s last GDP should not come as a surprise.

Nigeria’s economy is highly dependent on crude oil exports, which account for over 80% of its foreign exchange earnings. This makes the GDP vulnerable to oil price fluctuations.

Analysis - Recently, Dr Akinwunmi Adesina, the outgoing president of the African Development Bank, AfDB, stirred the hornet's nest when he said Nigeria's GDP per capita was $1,847 in 1960 but $824 ...

Nigeria has one of the lowest tax collection rates in the world at around 10.8% of GDP, though tax receipts did rise by 56% in 2022 to a record 10 trillion naira ($13 billion).

Pledge 51 creates applications for Nigeria's low-tech cellphones. The company thinks it could grow its business with help from foreign investors, but Nigeria's low GDP has made that difficult.

Nigeria plans to narrow its budget deficit roughly 3.9% of gross domestic product (GDP) next year from about 6.1% this year, President Bola Tinubu said on Wednesday.

Nigeria's inflation rate rose to 34.80% in December from 34.60% in November, the statistics office said last week, noting that food and non-alcoholic beverages contributed the most to price pressures.