The International Monetary Fund (IMF) yesterday upgraded its growth rate forecast for Nigeria’s Gross Domestic Product (GDP) in 2019 to 2.3 percent, while retaining 2.1 percent for 2018, citing improved crude oil prices. The IMF announced the upgrade in its World Economic Outlook (WEO) Update, July 2018 titled, ‘Less Even Expansion, and Rising Trade Tensions’. […]
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The Statistician-General of the Federation and Chief Executive Officer (CEO) of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has foreclosed any immediate plans to rebase the country’s Gross Domestic Product (GDP). Kale stated this at a forum on Effective Reporting of the Travel and Tourism Industry Using Appropriate Date organised by the Association […]
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Driven by increased crude oil production and sustained growth in agricultural output, Nigeria’s economy grew by 1.4 percent to N29 trillion in the third quarter of the year (Q: 3 2017), from 0.7 percent in the second quarter of the year (Q2: 20170). National Bureau of Statistics, NBS, disclosed this, yesterday, in its Gross Domestic […]
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