Q4:2023 and 2023FY GDP Report | Nigerian Economy Still On the Path of Expansion
Nigerian Economy Still On the Path of Expansion Recently, the National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) report for Q4:2023. For the thirteenth (13th) consecutive quarter since Q2:2020, the Nigerian economy grew by 3.46% YoY, an improvement from Q3:2023 (+2.54% YoY). This was spurred by growth in both the oil (+12.11% […]
Q3:2023 GDP Report | A Show of Resilience amid Economic Challenges
A Show of Resilience amid Economic Challenges In the recently published Q3:2023 GDP report by the NBS, the Nigerian economy grew modestly by 2.54% YoY compared to 2.51% YoY in Q2:2023. This marks the twelfth (12th) consecutive quarter of expansion since H2:2020, underscoring the doggedness of the Nigeria economy despite macroeconomic and structural challenges including […]
Q2:2023 GDP Report | Dismal Oil Sector Suppressed Economic Growth
Dismal Oil Sector Suppressed Economic Growth The National Bureau of Statistics (NBS) recently published its Gross Domestic Product (GDP) report for Q2:2023. Despite economic headwinds, the economy sustained its positive momentum for the eleventh (11th) consecutive quarter since the pandemic-induced recession in H2:2020. GDP printed at 2.51% YoY (vs. 2.31% in Q1:2023; 3.54% YoY in […]
