GDP

September 22, (THEWILL) — The National Bureau of Statistics (NBS) on Monday announced that Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent in the second quarter of 2025 (Q2’25). The figure marks a 1.1 percentage point increase from...

August 03, (THEWILL) — The transformation initiatives at the Nigeria Inter-Bank Settlement System (NIBSS) towards revolutionising the country’s payment landscape is central to the expansion of the economy driven by the services sector. Nigeria’s economy expanded by 3.13 percent year-on-year...

July 27, (THEWILL) — As Africa strives to diversify its economic base and stimulate inclusive growth, the tourism and hospitality sector is emerging as a powerful yet underleveraged driver of GDP. With its rich cultural heritage, breathtaking landscapes, vibrant...

July 21, (THEWILL) — Nigeria’s Gross Domestic Product (GDP) grew by 3.13% (year-on-year) in real terms in the first quarter of 2025, after rebasing by the National Bureau of Statistics (NBS). NBS, in a GDP report released on Monday, said...

March 02, (THEWILL) – The Federal Government is celebrating the country’s recent Gross Domestic Product (GDP) report published by the National Bureau of Statistics (NBS), which showed a 3.84 percent growth in real terms in the fourth quarter (Q4)...

December 01, (THEWILL) - The 3.46 per cent (year-on-year) Gross Domestic Product, GDP, growth recorded by the Nigerian economy in the third quarter (Q3) of 2024 shows little impact on manufacturing,  a major player in the real sector. The National Bureau...

November 25, (THEWILL) - President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand, following the newly released third quarter Gross Domestic Product report by the National Bureau of Statistics. According to the...

November 25, (THEWILL) - Nigeria’s Gross Domestic Product grew by 3.46% year-on-year in real terms in the third quarter of 2024, representing a 0.27 percentage point increase compared to the 3.19% growth recorded in Q2 2024, the National...

November 26, (THEWILL) - The Services sector has remained the driver of Nigeria’s Gross Domestic Product (GDP) growth in recent times, amid worsening unemployment rate. Nigeria’s unemployment rate stood at 34 percent in 2022. The National Bureau of Statistics (NBS)...

November 23, (THEWILL) - Nigeria’s Gross Domestic Product (GDP) grew by 2.51% year-on-year in real terms in the second quarter of 2023, which is 0.2% points higher than 2.31% recorded in the previous quarter but 1.03% lower compared to...