Tag: GDP
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Nigeria’s GDP improves by 3.11% in Q1 2022
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) grew by 3.11 per cent in the first quarter of 2022. This is according to the NBS Nigerian Gross Domestic Product Report Q1 2022 released in Abuja on Monday. According to the report, Nigeria’s GDP grew by 3.11 per cent year-on-year in real…
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CBN Projects three Per cent GDP Growth by end of 2021
The Central Bank Governor, Godwin Emefiele, has said that the country’s Gross Domestic Product can rise to three per cent by the end of 2021. He spoke during the 14th annual Chartered Institute of Bankers of Nigeria’s banking and finance conference with the theme, ‘Recovery, inclusion and transformation: The role of banking and finance’ in…
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Nigeria Grew Economy By 5.01% in Quarter Two – NBC
Nigeria’s Gross Domestic Product (GDP) grew 5.01 percent in the second quarter, said the National Bureau of Statistics (NBS) on Thursday. The report from NBS, specifically on GDP released in the earlier hour of Thursday spread this development to the public. Despite the ravaging and negative effects of covid-19 in the second and third quarters…
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FG Raises Borrowing Limit To N61tn
The Federal Government of Nigeria has raised the borrowing limit to accommodate more loans. Nigeria’s current debt portfolio of N33.11 trillion can now be extended to N61 trillion with the latest adjustment put in place by the Federal Government. As revealed, the new borrowing limit documented in the Medium Term Debt Strategy indicates that Nigeria…