Nigeria’s Economy Improving—US Firm

Nigeria’s battered economy improved between April and June, at least according to satellite data.

San Francisco-based SpaceKnow’s Nigeria Night Light Index, which measures light intensity and provides an indication of electricity usage, rose 29 percent year-on-year in that period, the first time it’s showed a positive reading since the final three months of 2015, which was also the last time output in Africa’s largest oil producer grew.

Nigeria’s statistics office is scheduled to release gross domestic product figures for the second quarter on September 4.

Oil Market Rises Amid Economy, Demand Woes

May 6, 2023

Progress in Nigeria’s Economy in Post-Recession Excites Emefiele

March 22, 2023

Economy: Simplistic Thinking in Africa and African American Communities

December 5, 2022

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.