July 21, 2025/CSL Research The National Bureau of Statistics (NBS) has released the rebased Gross Domestic Product (GDP) figures, adopting 2019 as the new base year. According to the updated data, the Nigerian economy expanded by 3.13% year-on-year (y/y) in Q1 2025. This marks a notable improvement compared to the […]
OPINION/EDITORIAL
Rapid Response: NBS Rebases Nigeria’s GDP
July 22, 2025/Cordros Update The National Bureau of Statistics (NBS) has updated Nigeria’s Gross Domestic Product (GDP) base year from 2010 to 2019. The rebasing exercise covers the period from 2019 to 2023 and reflects changes in the economy’s structure, sectoral contributions, and data sources Key Highlights Significant Increase in […]
Oil Prices Climb After the EU Imposes New Sanctions on Russia
July 18, 2025/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices moved higher on Friday morning after the EU agreed to an 18th package of sanctions against Russia, but the effectiveness of the sanctions is yet to be seen. Friday, July 18th, 2025 The constant drumbeat of Russian sanction announcements is keeping […]
