ABUJA, May 23 (Xinhua) -- Nigeria's Gross Domestic Product (GDP) grew by 3.11 percent year-on-year in real terms in the first quarter of 2022, despite low oil output in the same period, according to data released on Monday by the National Bureau of Statistics (NBS). The growth rate ...
3.3% GDP growth 3.3% growth in 2022 (4). Nigeria’s economy has been unsettled in recent years, but the outlook now looks good with growth of around 3% forecast through to 2028 (5). 76.7 million online shoppers In 2020, the number of online buyers in Nigeria was around 76.7 million ...
For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps. Additional notes:The ...
ABUJA, May 11 (Xinhua) -- Nigeria's economy has seen a strong rebound in 2021, with the annual Gross Domestic Product (GDP) growth hitting 3.4 percent, indicating a steady improvement from the economic recession in 2020, the National Bureau of Statistics (NBS) reported on Wednesday. The lat...
Oxford Economics expects real GDP growth of 2.8% in 2024 as improvements in the hydrocarbon sector offset the weakness in the non-oil economy. "This year, recovering domestic industries, higher foreign investments, and easing inflation are upside risks," Scribante added. ...
The budget includes a deficit of 13.8 trillion naira, or 3.87% of estimated GDP, Atiku Bagudu told reporters after a cabinet meeting in Abuja. The 2025 budget also includes a forecast exchange rate to the U.S. dollar at 1,400 naira, stronger than its official closing ra...
Growth of ICT Sector to Drive the Demand for Facility Management Services Currently, the ICT sector in Nigeria is among the fastest-growing sectors in Nigeria and has emerged to be among the leading contributors to the country's GDP. For instance, according to the National Bureau of Statistics...
1% GDP growth in 2023 Singapore’s gross domestic product is growing at a modest 1%, but as an advanced, mature economy, this is a positive sign—especially given the tough global outlook.(3) 5th by GDP per capita(4) Gross domestic product per capita – a measure of a country’s w...
There is a need to formulate stricter policies on tax audits to make them more effective and thus, elicit the desired level of compliance required to optimise the tax revenues from the SMEs and enhance the nation’s Gross Domestic Product (GDP). However, it is pertinent to note that the ...
The broader economic landscape, encompassing GDP growth, inflation rates, and government policies, holds sway over commercial banks' performance. The Central Bank of Nigeria's monetary policies, including interest rates and reserve requirements, exert influence on the lending and investment activities of...