US EditionNigeria: GDP Slows to 3.98% in Q3 As Non-Oil Sector Accounts for 96.56%, Oil 3.44%
Nigeria’s economy grew 3.98% in Q3 2025 with the non-oil sector contributing 96.56% of GDP despite a slowdown from Q2, official data shows.
- The National Bureau of Statistics reported Nigeria's GDP grew 3.98% year-on-year, with the non-oil sector accounting for 96.56% and the oil sector 3.44% of real GDP.
- After a stronger previous quarter, the report found growth slowed 14.62 percentage points as agriculture, Information and Communication, Real Estate, Financial and Insurance, trade, construction, and manufacturing drove expansion while the oil sector contracted-5.53% quarter on quarter.
- In nominal terms, the report shows nominal GDP was N113.587trn, services sector made up 53.02% of aggregate GDP, and agriculture expanded by 3.79%.
- Institute of Capital Markets Executive Director Prof. Uche Uwaleke said the Q3 report shows a broadly positive but mixed performance, warning manufacturing grows at less than two percent, urging focus on job-intensive sectors: agriculture, manufacturing, construction.
- Nominal figures show nominal quarter-on-quarter growth of 18.03%, aggregate GDP at basic prices N100.73 trillion in the previous quarter, and transport activities contributed 0.96% with four of six Transport and Storage sub-activities posting gains.
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Nigeria: GDP Slows to 3.98% in Q3 As Non-Oil Sector Accounts for 96.56%, Oil 3.44%
The country's Gross Domestic Product (GDP) grew by 3.98 per cent in real terms in the third quarter of the year (Q3 2025) compared to 4.23 per cent in the preceding quarter, the National Bureau of Statistics (NBS) said yesterday.
How Agric, Industrial Sectors Pushed Nigeria’s GDP By 3.98% In Q3
Nigeria’s Gross Domestic Product (GDP) grew by 3.98% (year-on-year) in real terms in the third quarter of 2025, a report by the National Bureau of Statistics has stated. The report said the growth rate is higher than the 3.86% recorded in the third quarter of 2024. The report said in nominal terms, the economy is N113.587trn and the performance is higher when compared to the third quarter of 2024, which recorded an aggregate GDP of N96.160trn, i…
Nigeria’s economy grows 3.98% in Q3 2025, driven by agriculture, ICT, finance
Nigeria’s economy expanded by 3.98 per cent in the third quarter of 2025, slightly up from 3.86 per cent in the same period of 2024, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday.
Strong Agricultural And Industrial Output Push Nigeria’s GDP Up 3.98% In Q3 2025
December 02, (THEWILL) — Nigeria’s economy expanded by 3.98 percent in the third quarter of 2025, supported largely by stronger-than-expected performance in the agricultural and industrial sectors, according to newly released data from the National Bureau of Statistics (NBS). The latest GDP figures mark one of the country’s strongest quarterly performances in recent years, reflecting […] The post Strong Agricultural And Industrial Output Push Ni…
Telecoms rebound adds ₦7.47 trillion to Nigeria’s GDP
Nigeria’s telecommunications sector is having its strongest run in years as Gross Domestic Product (GDP) contribution increased by 21.49% in Q3, 2025. This is as overall economic growth continued its rebound after years of slow growth, according to the latest data from the National Bureau of Statistics. GDP grew by 3.98% (year-on-year) in real terms in Q3 2025, higher than the 3.86% recorded in the third quarter of 2024 as the recalculation of m…
NBS Report: Agriculture, Industry Lift Nigeria’s Economy To 3.98% Growth In Third Quarter Of 2025
Nigeria’s Gross Domestic Product (GDP) expanded by 3.98 percent in real terms during the third quarter of 2025 (July to September), marking a modest improvement over the 3.86 percent growth recorded in the same period of 2024. The latest figure, released by the National Bureau of Statistics (NBS), reflects broad-based gains across key sectors, although challenges persist in oil production and mining. The Services sector continued to dominate, co…
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