The National Orientation Agency (NOA) says foreign exchange (FX) rate volatility remains the only challenge to Nigeria’s gross domestic product (GDP).

Nigeria has retained its status as the fourth largest economy in Africa despite a rebasing exercise that’s poised to shore up ...

The Senate has approved Nigeria's President Tinubu’s request for an external borrowing plan of over $21bn for the 2025–2026 ...

Nigeria lost its position as the continent’s biggest economy recently after a roughly 70 per cent slide in the value of the ...

GDP now stands at N372.82tn ($244bn) at current prices, up from the $187.76bn estimated by the World Bank. The magic lies in ...

The statistics agency recalculated the value of GDP based on production patterns in 2019, and gave some sectors a bigger ...

The service, industry, and agriculture subsectors propelled Nigeria's economy's expansion to N372.8 trillion in 2024 ($145.3 ...

Nigeria’s economy is about 30 per cent larger than previously thought after the west African nation updated the method by which GDP is calculated, the first rejigging of its statistical model in more ...

Other multilateral lenders might pause their lending to Senegal pending an IMF approval, S&P added, although it noted the ...

In recent years, the Central Bank of Nigeria (CBN has implemented difficult reforms to tackle long-standing obstacles ...

For now, stakeholders can only wait as the CBN charts its next steps in navigating Nigeria’s economic recovery ...

The Lagos Chamber of Commerce and Industry has called on the Federal Government to shift its focus from statistical optimism ...