November 24, 2023/FBNQuest Research According to the most recent report on the federation’s revenue distribution, the Federation Account Allocation Committee’s (FAAC) monthly allocations to the three tiers of government amounted to NGN907bn (USD1.1bn) in November 2023 (from October 2023 revenue). The gross payout in October represents a slight increase of […]
Updates
Nigeria’s GDP Rise +2.54% Y/Y in Real Terms in 9M 2023
November 24, 2023/NBS Overview of GDP in Quarter Three 2023 Nigeria’s Gross Domestic Product (GDP) grew by 2.54% (year-on-year) in real terms in the third quarter of 2023. This growth rate is higher than the 2.25% recorded in the third quarter of 2022 and higher than the second quarter 2023 […]
Nigeria’s Real GDP Grew by 2.54% Y/Y in Q3-23
November 24, 2023/Cordros Report Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy maintained its growth pace for the third consecutive quarter in Q3-23, as the real GDP rose by 2.54% y/y (Q2-23: +2.51% y/y). The growth outturn is 41bps lower than Cordros’ estimate (+2.95% […]
