GDP
Nigeria Faces Widening Fiscal Deficit as Debt Burden Looms, IMF Warns
The International Monetary Fund (IMF) has issued a stark warning about Nigeria’s economic trajectory, projecting a worsening fiscal deficit for Africa’s largest economy...
Nigeria’s Debt Service Projected to Surge to $5.2 Billion in 2025, Fitch Warns
Nigeria’s external debt service is projected to climb to a substantial $5.2 billion in 2025, signaling increased strain on the nation’s public finances,...
Nigeria’s Economy Poised to Weather US Tariff Storm, Analysts Predict Minimal Impact
Despite recent trade policy shifts announced by the United States, economic analysts suggest Nigeria’s economy is unlikely to experience significant disruption. Reports from...
Kenya Targets Debt Reduction Amidst IMF Program Uncertainty
In a move aimed at restoring investor confidence and stabilizing the nation’s economy, Kenya has announced plans to aggressively reduce its public debt...
Nigeria’s Debt Service Drops, IMF Assesses Sustainability Amidst Economic Reforms
Recent data from the Central Bank of Nigeria (CBN) reveals a significant decrease in the nation’s debt servicing expenditure, dropping from $540 million...
ICYMI: Lagos Economy Soars to $259 Billion, Cementing Status as African Powerhouse
In a resounding affirmation of its economic prowess, Lagos State has officially announced its Gross Domestic Product (GDP) has reached a remarkable $259...
Nigeria’s Per Capita Income Plummets Again, Exacerbating Poverty Crisis
Nigeria’s per capita income has once again declined, falling to a pitiful $835.49 in 2025, according to a sobering new analysis from the International Monetary Fund (IMF). Millions of Nigerians’ already precarious living circumstances are being further undermined by this 4.73 per cent drop from the year before. The...
Nigeria’s GDP Growth Rises to 3.46% in Q3 2024, Driven by Services Sector
Nigeria’s Gross Domestic Product (GDP) growth rate in real terms rose to 3.46% in the third quarter (Q3) of 2024, reflecting an increase...
NBS Report: Nigeria’s GDP grows 0.51% in Q1 2021
The National Bureau of Statistics, NBS, said the nation’s Gross Domestic Product (GDP) grew by 0.51 per cent in the first quarter of...