A Crawling Economy in Need of Stimulus thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Simon Akoje Lagos, May 28, 2021 A financial expert, Mr Okechukwu Unegbu, has urged the Federal Government to invest more in key infrastructure and agriculture sectors to consolidate growth in the country’s Gross Domestic Product (GDP). Unegbu, a former President, Chartered Institute of Bankers of Nigeria, made the
Nigeria’s GDP growth rate for Q1 2021
Nigeria’s Gross Domestic Product grew by 0.51% (year-on-year) in real terms in the first quarter of 2021. This is slower than the 1.87% growth recorded in the corresponding quarter of 2020 but higher than 0.11% recorded in the previous quarter (Q4 2020).
This is contained in the Nigerian Gross Domestic Product report, recently released by the National Bureau of Statistics (NBS).
According to the report, aggregate GDP stood at N40.01 trillion in nominal terms as against N35.65 trillion recorded in Q1 2020, while real GDP stood at N16.83 trillion in the review quarter.
Cryptocurrencies sell-offs continues
It is quite hard to argue with commentaries that state we are in a bear market. The massive selloffs of cryptocurrencies have continued with bitcoin trading at $35,000 and Ethereum trading slightly above $2,000. The total market capitalization of cryptocurrency assets stands at about $1.4 trillion and has declined by about 10%.
BREAKING: Nigeria s GDP grows marginally by 0 51% in Q1 2021 nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.