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Tag: GDP

NBS: Nigeria’s GDP grows by 3.11% in Q1 2022

May 23, 2022Ayo Fashanu

Nigeria’s Gross Domestic Product grew by 3.11 per cent in the first quarter of 2022, this is according to the Nigeria Bureau of Statistics. In a tweet posted to its official Twitter page, @NBS_Nigeria, on Monday, the NBS wrote, “Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of […]

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Nigeria’s GDP expands by 1.87% in Q1 2020

May 25, 2020May 25, 2020Ayo Olowo

Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, this is according to the National Bureau of Statistics. The National Bureau of Statistics revealed in ‘Nigeria’s Gross Domestic Product’ report for first quarter 2020 on Monday. The Bureau noted that there were earliest signs of disruptions caused by the COVID-19 […]

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Nigeria’s GDP growth surpasses IMF projection

February 24, 2020February 24, 2020Eben Tanimola

According to data released by National Bureau of Statistics, Nigeria’s gross domestic product grew by 2.27% in 2019. Recall that the International Monetary Fund (IMF) had projected that the nation’s economy would grow by 2.1% in 2019. Nigerian Gross Domestic Product report released by the bureau on Monday, indicated that the economy grew by 2.55% […]

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Nigeria’s GDP growth hits 1.4% as it doubles in Q3

November 20, 2017November 20, 2017Ayo Olowo

The National Bureau of Statistics (NBS), on Monday said the economy recorded a growth of 1.40 percent in the third quarter (Q3) of 2017. This is the second time of such positive development since Nigeria exited recession in the second quarter. NBS statistics showed that the agricultural sector grew by 3.06 percent in the third […]

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Telecom sector contributes N1.41bn to GDP in 1st quarter of 2016– NBS

June 9, 2016Ayo Olowo

The National Bureau of Statistics (NBS) said that the telecommunications sector contributed N1.41billion to the country’s Gross Domestic Product (GDP) in the first quarter of 2016 in real terms. This is contained in the“ Nigerian Telecommunications (Service) Sector Report for the 1st Quarter of 2016’’ posted on the NBS website. According the report, the N1.41 […]

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