February 27, 2025/CSL Research According to the recently released Q4 2024 Gross Domestic Product (GDP) data by the National Bureau of Statistics (NBS), the manufacturing sector recorded a real GDP growth of 1.79% year-on-year (y/y) in the fourth quarter of 2024. This marks an improvement of 0.41 percentage points compared […]
OPINION/EDITORIAL
Q4-24: GDP Growth Expands to 3.84% Y/Y in Q4-24
February 26, 2025/Cordros Report The latest GDP report from the Nigerian Bureau of Statistics (NBS) showed that Nigeria’s economy grew by 3.84% y/y in Q4-24, exceeding the 3.46% y/y expansion recorded in Q3 2024. While GDP growth in the oil sector (Q4-24: +1.48% y/y vs Q3-24: +5.17% y/y) slowed from […]
Fastest Economic Growth Since 2021; Economy Grows by 3.40% FY-2024
February 26, 2025/United Capital Report Yesterday, the National Bureau of Statistics (NBS) published its FY/Q4-2024 GDP report. According to the report, Q4-2024 GDP expanded by 3.84% y/y, representing the 17th consecutive quarterly y/y growth, firmly putting recession fears aside. It is also Nigeria’s highest GDP growth rate since Q4-2021 when […]
