Thursday, April 24, 2014

Nigeria’s rebased GDP figures postponed again


Nigeria’s National Bureau of Statistics (NBS) has postponed the release of the nation’s rebased Gross Domestic Product, GDP, figures to October 2013.

This is the second postponement.

The rebased GDP figures were initially meant to be released in January 2012, but were delayed following the petrol subsidy strike action to August 2012.

Rebasing of the GDP series means replacing the old base year used for compiling the nation’s price estimates to a new and more recent base year.

Details later

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