Nigeria’s GDP Growth Hits Four-Year High on Oil Sector Surge

Nigeria's GDP Growth Hits Four-Year High on Oil Sector Surge

(Bloomberg) — Nigeria’s economy grew at its fastest pace in four years in the second quarter, driven by crude production that climbed to its highest level since the coronavirus pandemic in 2020.

Nigeria’s GDP Growth Hits Four-Year High on Oil Sector Surge

Nigeria’s economy grew at its fastest pace in four years in the second quarter, helped by strong growth in its oil sector.

NBS: Nigeria’s economy growth hit 4-year high, 10 sectors lead

Nigeria’s Gross Domestic Produce has increased by 4.23% year-on-year in Q2 2025, driven by oil sector rebound, with industry, agriculture, and services.

Nigeria’s Economy Records Fastest Growth In Four Years

Nigeria’s economy has posted its strongest expansion in nearly four years, recording a 4.23 percent year-on-year growth rate in the second quarter of 2025. The performance was driven by higher oil production alongside gains in agriculture and industry, according to new figures released by the National Bureau of Statistics (NBS) on Monday. The latest Gross Domestic Product (GDP) report marks the second release since the bureau carried out a rebas…

Nigeria’s GDP Growth Hits Four-Year High on Oil Sector Surge - InsideBusiness - Business News in Nigeria

Nigeria’s economy grew at its fastest pace in four years in the second quarter, driven by crude production that climbed to its highest level since the coronavirus pandemic in 2020. Gross domestic product expanded an annual 4.2 percent in the three months through June, compared with 3.1 percent in the previous quarter, according to data released by the Abuja-based National Bureau of Statistics on Monday. That beat the 3.6% median estimate of thre…