February 23, 2024/Coronation Research The national accounts for Q4 ‘23 by the National Bureau of Statistics (NBS) show that GDP grew by +3.46% y/y compared with the +2.54% y/y recorded in Q3 ’23. Surprisingly, on a q/q basis it grew by +36.2%. A deeper dive shows that the service sector […]
Updates
The Nigerian Economy Grew by 2.74% in FY-2023, Down 36bps Compared to the 3.10% in FY-2022
February 23, 2024/United Capital Report Nigeria’s real Gross Domestic Product (GDP) grew by 3.46% y/y in real terms in Q4-2023 compared to 3.52% recorded in Q4-2022. The Q4-2023 readings is lower than that of Q4-2022, however higher than 2.54% recorded in Q3-2023. On an annual basis, Nigeria’s real GDP advanced […]
Nigeria’s GDP Grows by 2.74% in 2023
February 23, 2024/CSL Research The National Bureau of Statistics (NBS) released data indicating a 2.74% GDP growth for Nigeria in 2023, lower than the 3.10% GDP growth rate in 2022 but slightly surpassing our forecast of 2.55%. Notably, in the fourth quarter of 2023, the real GDP exhibited impressive growth, […]
