Nigeria’s GDP Rises To 4.43% As Services, Agriculture Drive Recovery

  Nigeria’s economy recorded its strongest quarterly expansion in recent periods as improved activity in services, agriculture and oil production pushed real Gross Domestic Product growth to 4.43 per cent in the second quarter of 2026, although analysts warned that weaker industrial performance remains a major obstacle to broader economic recovery. The latest figures from…

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IMF Warns Nigeria Against Restoring Petrol Subsidy

IMF Urges Nigeria to Enhance Data Transparency, Productivity

The International Monetary Fund has urged African governments to overhaul statistical gathering and boost productivity. IMF directors warned that poor data transparency damages investor confidence and delays essential structural reforms. The fund highlighted Nigeria alongside regional peers as needing immediate improvements in national economic reporting. Accurate economic indicators remain vital for managing public debt and…

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Agric Growth Nearly Doubles in Q2 Amid Insecurity -NBS

Foreign Investment in Manufacturing Crashes by 50% – NBS

Foreign capital flows into Nigeria’s manufacturing sector plummeted by 50.7 per cent quarter-on-quarter to 152.27 million dollars in the first quarter of 2026. The latest Capital Importation Report from the National Bureau of Statistics reveals a severe cooling of investor appetite for domestic industrial production. This sharp drop from the 308.93 million dollars recorded in…

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Agric Growth Nearly Doubles in Q2 Amid Insecurity -NBS

NBS Reports 3.89 Per Cent Q1 Growth

Nigeria’s economy sustained its slow climb out of stagnation during the first quarter of the year. Data released by the National Bureau of Statistics showed real gross domestic product expanded by 3.89 per cent year-on-year. This performance marks an improvement on the 3.13 per cent growth recorded during the same period last year. However, the…

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