Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms (constant price) in the third quarter (Q3) of 2024, according to the Statistician General of the Federation, Adeyemi Adeniran. This marks a 0.92 percentage point increase compared to the 2.54% growth recorded in Q3 2023. In a statement released on Monday, Adeniran also noted … Read more
Nigeria’s GDP growth has declined to 2.31% in Q1 2023 from 3.52% in Q4 2022. The decrease is attributed to the adverse effects of the cash crunch experienced during the quarter. This aligns with KPMG’s earlier projection of slower GDP growth for 2023 due to naira redesign and political transition challenges. EKO HOT BLOG reports … Read more
The Monetary Policy Committee (MPC) has left the benchmark Monetary Policy Rate (MPR) and other monetary policy tools unchanged to spur economic growth in the fourth quarter of the year. According to reports, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele who disclosed this decision on Tuesday during a press conference at … Read more