A change in the base year and GDP computation methodology has increased the size of the Nigerian economy. India, too, is in ...

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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Real GDP growth in 2020 stood at -6.96 per cent and improved to 0.95 per cent in 2021. Higher growth rates were recorded in 2022 and 2023, at 4.32 per cent and 3.04 per cent, respectively.

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 ...

The National Bureau of Statistics on Monday said that Nigeria’s Gross Domestic Product (GDP) stood at N372.8 trillion in 2024, after the base year for calculating the figure was shifted to 2019.

Nigeria’s Gross Domestic Product, GDP, has been rebased from N80 trillion to N205 trillion. The development was announced by the Statistician-General of the Federation, Adeyemi Adeniran.

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.

Nigeria’s real estate sector has overtaken crude oil and natural gas as the third largest contributor to the country’s Gross Domestic Product (GDP), following the rebasing of GDP to 2019 base ...

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.