Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Economy Records Accelerated Growth In Q2 2024

Nnaemeka OkwarabyNnaemeka Okwara
August 26, 2024
in Business & Finance
0
Nigeria’s Economy Records Accelerated Growth In Q2 2024
Share on FacebookShare on TwitterShare on Whatsapp

Nigeria’s National Bureau of Statistics (NBS) has reported a remarkable rise in the country’s Gross Domestic Product (GDP) for the second quarter of 2024, particularly due to an increase in crude oil production. In terms of growth compared to the previous year, Nigeria’s GDP grew by 3.19% in Q2 2024, which was higher than the previous quarter’s growth rate of 2.98%.

This increased economic performance can be attributed to the significant rise in crude oil output, which was able to counterbalance the non-oil sector’s declining performance as a result of naira devaluation. The oil sector is therefore expected to maintain a strong performance, with further increases in crude production being projected throughout the year.

This development shows progress made by Nigeria in its efforts towards diversifying its economy using natural resources for sustainable growth. It has been noted that government initiatives on creating a stable macroeconomic environment and promoting economic growth are yielding positive outcomes.

The report from NBS indicates how resilient Nigeria’s economy has been over time, despite numerous challenges. This growth momentum is anticipated to be sustained amidst global economic uncertainties, through strategic policy initiatives and investments into key sectors.

Tags: 2024Economyfederal charactergrowthNewsNigeriaNigeria's Economy Records Accelerated Growth In Q2 2024Q2
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 4, 2025
Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce
Business & Finance

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

October 3, 2025
Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit
Business & Finance

Is LAX at Risk? Chevron Refinery Fire Erupts in Key Jet Fuel Unit

October 3, 2025
Next Post
Funke Akindele Warns Fans About Scammer Using Her Name

Funke Akindele Warns Fans About Scammer Using Her Name

Tinubu Overhauls Nigeria’s Intelligence Leadership with New Appointments

Tinubu Overhauls Nigeria's Intelligence Leadership with New Appointments

Sudan’s Dam Disaster: A Nation’s Neglect Comes to Roost

Sudan's Dam Disaster: A Nation's Neglect Comes to Roost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Portuguese FA wants FIFA To Award Ronaldo’s Goal vs Uruguay.

Portuguese FA wants FIFA To Award Ronaldo’s Goal vs Uruguay.

3 years ago
PDP Deputy Governorship Candidate Resigns from Party

PDP Deputy Governorship Candidate Resigns from Party

6 months ago
Indonesia’s Java Island Struck by 6.4 Magnitude Earthquake

Indonesia’s Java Island Struck by 6.4 Magnitude Earthquake

2 years ago
Stock Market Opens Mixed As Inflation Data Takes Center Stage

Stock Market Opens Mixed As Inflation Data Takes Center Stage

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Mount Shines as Manchester United beat Sunderland to Record Third Consecutive Victory at Home

Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?

A New ‘Iron Lady’ for Japan? What to Know About Sanae Takaichi

Who Are Morocco’s ‘GenZ 212’ Protesters and What Do They Want?

Barack and Michelle: A 33-Year Blueprint for Black Love and Power

Inside Seyi Shay’s Secret Past with Illuminati

Trending

Who’s Paying For Brandon Scott’s New Car?
Government

Who’s Paying For Brandon Scott’s New Car?

byEriki Joan Ugunushe
October 4, 2025
0

In a city that can barely breathe, Mayor Brandon Scott just bought himself a brand-new ride a...

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

October 4, 2025
Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

October 4, 2025
Mount Shines as Manchester United beat Sunderland to Record Third Consecutive Victory at Home

Mount Shines as Manchester United beat Sunderland to Record Third Consecutive Victory at Home

October 4, 2025
Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?

Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Who’s Paying For Brandon Scott’s New Car?
  • Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage
  • Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com