May 27, 2024/InvestmentOne Report The NGXASI advanced by 0.26% today to close at 97,864.65pts, as the buy-interests observed in UBA (+5.73%), ZENITHBANK (+2.50%) and FBNH (+3.18%) drove the local bourse into the positive territory. In the fixed income space, the Treasury Bills secondary market remained unchanged at today’s close, as sentiment was […]
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Nigeria’s Real GDP Grew by 2.98% Y/Y in Q1-24
May 24, 2024/Cordros Report Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q1-24, as the real GDP grew by 2.98% y/y (Q4-23: +3.46% y/y). The growth outturn is 10bps higher than Cordros’ estimate (+2.88% y/y) and 51bps lower […]
Agricultural Sector Growth Declines in 2023
May 24, 2024/CSL Research Nigeria’s agricultural sector grew by 1.13% in 2023 in real terms compared to the 1.88% growth recorded in 2022, indicating a decline of 40%. The data also revealed the sector’s contribution to GDP shrunk in 2023 to 25.18%, lower than its 25.58% contribution in 2022. The […]
