Search

Nigeria’s GDP Expands 3.8% in Q4 2024, Driven by Services Sector

Breaking News
© Allen Dreyfus
  • GDP growth reaches 3.4% for the year, surpassing the World Bank’s 3.3% forecast
  • Telecoms, banking, and trade fuel expansion, while oil & gas lags behind

Lagos, Nigeria – Nigeria’s economy grew by 3.8% year-on-year in the fourth quarter of 2024, buoyed by strong expansion in the services sector, according to data released by the National Bureau of Statistics on Tuesday.

Recent Business

A bustling outdoor market in Africa with people engaged in trade and colorful textiles. Photo by Mad Knoxx Deluxe @ Pexels.
Rates hike in Botswana: why the real economic problem isn't inflation
Read More »
Reserve Bank Governor Lesetja Kganyago. Photo @ Facebook/Reserve Bank of SA
South Africa’s reform gains face global debt storm and escalating Middle East conflict
Read More »
Safaricom Ethiopia making waves. Photo @ Safaricom Ethiopia/Facebook
How Safaricom is turning Ethiopia into Africa’s next telecom power centre
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Could Uganda’s sovereignty law become Africa’s next democratic flashpoint?
Read More »
The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »

Latest Posts

Latest news insights