Nigeria’s economic growth accelerates in Q2

22 Sep, 2025 1 mins read 57 views

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Nigeria’s economic growth accelerates in Q2

Nigeria’s economy picked up pace in the second quarter, growing 4.23% year on year from 3.13% in the first three months of the year, statistics agency data showed.

Monday's release is the second to reflect a rebasing of Nigeria's gross domestic product aimed at capturing structural changes to the economy of Africa's most populous country.

President Bola Tinubu last month announced a 7% annual economic growth target by 2027.

Economy

Nigeria boosts oil output, drilling activity as reforms attract investment

03 Oct, 2025 3 mins read 187 views

Nigeria has boosted daily crude oil output to between 1.7 million and 1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July, as reforms under President Bola Tinubu begin to unlock investment in the petroleum sector.

Economy

Zimbabwe economic growth rate to rebound to 6% this year, IMF says

03 Oct, 2025 4 mins read 184 views

Zimbabwe’s economic growth is expected to rebound to a 6% rate this year, the International Monetary Fund said, citing improving agricultural production, record-high gold prices and robust remittances from its citizens who live abroad.

Economy

Stellantis aims to broaden planned South Africa plant’s vehicle lineup

03 Oct, 2025 6 mins read 145 views

Stellantis intends to expand its product line-up at a planned manufacturing plant in South Africa, moving beyond pick-up trucks as shifting market dynamics prompt a strategy rethink, the company’s local manager said.