Nigerian President Bola Tinubu on Thursday signed four landmark bills into law aiming to overhaul the country's tax system, after backing away from more controversial tweaks that would have upended ...

Nigeria appears in fourth place with projected GDP growth of 3 percent. The same graphic has also appeared in dozens of other posts on Instagram and Facebook, including a verified account ...

For Nigeria, the SUT consists of 46 industries and 217 products, ensuring that the new benchmark for GDP calculations captures the complexity and diversity of the nation’s economy.

Nigeria's annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, ... Nigeria GDP growth slows ahead of interest rate announcement. By Chijioke Ohuocha.

But at 19th position globally, Nigeria’s economy will still rank behind Russia, Turkey and Mexico. According to Bloomberg, by 2030, Nigeria will rank among the top 20 largest economies in the world.

Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current consumption patterns, its ...

Data obtained from the website of the International Monetary Fund indicated that Nigeria’s GDP per capita declined from $3,022 in 2014 to just $835.49 in 2024, signalling a sharp contraction in ...

“Nigeria’s Gross Domestic Product (GDP) grew by 2.98 per cent (year-on-year) in real terms in the first quarter of 2024. This growth rate is higher than the 2.31% recorded in the first quarter ...

Vice President Kashim Shettima has said that Nigeria has one of the lowest tax-to-GDP ratios in the world because over the decades it developed into a nation where many people perfected the art of ...

Nigeria needs to increase its spending from its current very low levels, to promote economic development. The key to raising public spending lies in urgently raising more revenue. At 7% of GDP in 2021 ...