FX RATES
FX RATES

Nigeria limps out of recession in Q4 with 0.11% growth

Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters.

This is contained in the Nigerian Gross Domestic Product report, published by the National Bureau of Statistics (NBS).

In the quarter under review, aggregate GDP stood at N43,564,006.29 million in nominal terms. This performance is higher when compared to the fourth quarter of 2019 which recorded a GDP aggregate of N39.577 trillion representing a year-on-year nominal growth rate of 10.07%.

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