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    Nigeria posts record 2.27% GDP growth

    Chronicle EditorBy Chronicle EditorFebruary 24, 2020No Comments1 Min Read
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    Statistician-General of the National Bureau of Statistics (NBS), Dr Yemi Kale Inflation Nigeria manufacturing
    Statistician-General of the National Bureau of Statistics (NBS), Dr Yemi Kale
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    Nigeria’s economic growth rose to an annual rate of 2.27% in the three months to the end of December, its highest quarterly growth since a 2016 recession.

    The Nigeria Bureau of Statistics (NBS) office released the new data on Monday.

    The economy, Africa’s largest, expanded by 0.27% in the previous quarter and 0.17% in the same period a year earlier.

    The country has struggled to shake off the effects of a 2016 recession that ended the following year.

    • Malaysian PM Mahathir Mohamad resigns

    Nigeria has been grappling with low growth since then.

    Growth rose to an annual rate of 2.28% in the third quarter after production of its main export, crude oil, rose to a more than three-year high.

    Crude production in the fourth quarter stood at 2 million barrels per day, up from 1.91 million in the same period of the previous year, the statistics office said.

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    ADC woos Jonathan, Saraki, Makinde in new expansion drive

    Jonathan counters Atiku, says ‘I did my best as president’

    April 21, 2026
    Coup: The federal government has filed a 13-count charge in Abuja's Federal High Court against six people, including two retired senior military officers and a serving police inspector, for allegedly plotting to wage war on Nigeria and commit terrorist activities.

    FG files 13-count charge against Timipre Sylva, other coup plotters

    April 21, 2026
    Peter Okoye announces new birthday date amid ongoing feud with twin brother Paul Okoye of P-Square

    Peter Okoye changes birthday to Nov 30 amid rift with Paul

    April 21, 2026
    Pope Leo XIV arrives in Algeria for historic visit promoting interfaith dialogue

    Pope completes Africa tour with Equatorial Guinea visit

    April 21, 2026
    Police IG vows justice for victims of Plateau massacre

    Disu restructures police monitoring unit, appoints new head

    April 21, 2026
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