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Tag: GDP

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World Bank cuts Nigerian economy growth forecast again

Nigerian economy will grow at a slower pace in 2023 than projected six months ago, the World Bank says. Low oil production, foreign exchange restrictions,...

Scorecard is out: CBN’s naira redesign weakened Nigerian economy

The Central Bank of Nigeria-induced naira crunch between January and March weighed down on the economy leading to a decline in growth, the National...

Nigeria’s economic growth slowed in last quarter of 2022

Nigeria's economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier, as widespread flooding destroyed farms, oil production declined and...

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Samsung expects 1400% growth in profit as AI booms

Samsung Electronics anticipates a 1400% increase in profits for...

Labour ends UK’s Conservative Party’s 14-year rule, gets new PM

The United Kingdom's Labour Party achieved a decisive victory...

Nigerian govt approves Eni’s sale of local unit to Oando

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted...

CBN warns banks against rejecting older, smaller dollar bills

The Central Bank of Nigeria (CBN) has warned commercial...

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