- Q3 growth slows despite higher oil output
- Services dominate GDP after rebasing
LAGOS, NIGERIA – Nigeria’s economy grew by 3.98% in the third quarter, slowing from the previous quarter as weaker oil performance offset gains in agriculture and industry.
Nigeria’s gross domestic product (GDP) expanded by 3.98% year-on-year between July and September, down from 4.23% in the second quarter, the National Bureau of Statistics said on Monday. The rate, however, was higher than the 3.86% recorded in the same period a year earlier.
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