November 25, 2024

How Nigeria’s GDP Grew By 3.46% In Q3 2024 — NBS

The New Diplomat

Writer

Lagos Issues Two-Week Ultimatum to Trade Fair Developers to Secure Bui

By Abiola Olawale The Lagos State Government has handed property developers and structure owners at the Trade Fair Complex in Ojo a two-week deadline to obtain building approvals. The directive was announced by Dr. Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, on Thursday. The Commissioner stated that during the time frame, the developers…

October 9, 2025 • Headline

Tinubu mourns Christopher Kolade, describes him as “one of Nigeria’s intellectual treasures”

By Obinna Uballa President Bola Tinubu has paid glowing tribute to the late Dr Christopher Kolade, describing the respected broadcaster, diplomat, and corporate leader as one of Nigeria’s “intellectual treasures” and a man of “unimpeachable integrity.” Dr Kolade, aged 92, passed away on Wednesday. In a statement issued from the State House on Thursday, Tinubu…

October 9, 2025 • News

Tinubu names Joash Amupitan as new INEC chairman

By Obinna Uballa President Bola Tinubu has appointed Professor Joash Ojo Amupitan (SAN) as the new Chairman of the Independent National Electoral Commission (INEC), following the completion of Professor Mahmood Yakubu’s tenure in October 2025. Presidential spokesman, Bayo Onanuga, announced the appointment in a statement on Thursday, saying the National Council of State approved the…

October 9, 2025 • Headline

By Kolawole Ojebisi

The National Bureau of Statistics (NBS) has said that the Nigeria’s annual gross domestic product grew by 3.46% in the third and final quarter (Q3) of 2024.

According to the NBS report published on Monday, the growth rate is higher than the 3.19% record in Q2 of 2024.

When the GDP of Q2 and Q3 are compared, it shows a progressive increase and positive outlook for the economy.

The growth rate of the GDP is often used as an indicator of the general health of the economy and the information from the NBS shows that the economy may well be on the path to getting out of the woods.

Share this news

News