Nigeria has been ranked among the top 10 contributors to global economic growth in 2026, following projections by the International Monetary Fund (IMF) that the country’s economy will grow two times faster than that of the United States (US). Based on IMF data, the ranking was conducted by the World of Statistics, a digital platform…
The National Bureau of Statistics (NBS) has reported a year-on-year real GDP growth of 3.13% for Nigeria in the first quarter of 2025, surpassing the 2.27% recorded in Q1 2024. This follows a rebasing exercise using 2019 as the base year, which aligned previous quarterly estimates with new, higher annual GDP figures. The robust performance…
The National Bureau of Statistics, NBS, yesterday said that illegal and hidden activities like prostitution and drugs peddling will now be included in the calculation of the country’s Gross Domestic Product, GDP. In a report by Vanguard, the NBS has proposed 2019 as a new GDP base year and 2024 as new base year for…
