Monday, September 24, 2018

Tag "gross domestic product"

    Nigeria’s GDP growth falls in Q2

Nigeria’s GDP growth falls in Q2

The rate at which Nigeria's gross domestic product grew in the second quarter of 2018 slowed to 1.50% from 1.95% recorded in the first quarter of the year.According to the Gross Domestic Product report released on Monday by the National Bureau of Statistics (NBS), oil GDP contracted by -3.95% in the second quarter."Q2 2018 real GDP growth at 1.50% year [...]

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    Nigeria’s GDP growth dips in 2018, after 2017 exit from recession

Nigeria’s GDP growth dips in 2018, after 2017 exit from recession

The rate at which gross domestic product grew in the first quarter of 2018 slowed from 2.1 percent points in the fourth quarter of 2017 to 1.95 percent points in 2018.According to the Gross Domestic Product report released by the National Bureau of Statistics on Monday, this decline is despite an increase in oil production."Nigeria’s gross domestic product (GDP) grew by [...]

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    Renewed confidence surrounding the South African economy

Renewed confidence surrounding the South African economy

Confidence towards the South African economy received a boost on Tuesday, following the news that economic growth accelerated for the first time since 2013. Quarterly GDP growth during the final quarter of 2017 expanded by 3.1 percent, with the South African economy growing by 1.5 percent on an annualized basis. It is the quarterly GDP reading at 3.1 percent reading that really impressed [...]

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    Nigeria exited recession with 0.83% growth in 2017— just like IMF predicted

Nigeria exited recession with 0.83% growth in 2017— just like IMF predicted

Data made available by the National Bureau of Statistics on Tuesday show that the economy grew by 0.82 percent in 2017, an improvement from the -1.58 percent recorded in 2016.This is in line with projections made by the International Monetary Fund that Nigeria's economy will grow by 0.8 percent in 2017."Nigeria is expected to emerge from the 2016 recession caused [...]

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    INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

Data released by the National Bureau of Statistics (NBS) showed that the economy recorded a growth of 1.4 percent in the third quarter of 2017.This signals a consolidation of the 0.72 percent growth recorded in the second quarter of the year.However, an analysis of the gross domestic product (GDP) report released by the NBS showed that the oil sector grew [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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