Nigeria’s economy expanded in the third quarter (Q3) of 2025, extending its annual growth that picked up to a four-year high in the previous quarter on improvements in the oil sector.
Gross Domestic Product (GDP) surged to 3.98 percent year-on-year in Q3, compared to 3.86 percent it recorded in the corresponding period last year, according to new data released by the National Bureau of Statistics on Monday.
The annual growth was supported by the rising average daily oil production, which grew by 1.64 million barrels per day (mbpd), higher than the daily average production of 1.47 mbpd recorded in the same quarter of last year but lower than the second quarter of 2025 production volume of 1.68 mbpd.
