BREAKING: Nigeria’s GDP Grows By 2.28% Due To Increased Crude Oil Production

BREAKING: Nigeria’s GDP Grows By 2.28% Due To Increased Crude Oil Production

By Agency Reports on November 22, 2019
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Breaking News The Trent World Bank

Data made available by the National Bureau of Statistics, NBS, shows that the country’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019.

This is 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter.

The previous Q2 GDP figure released by the NBS was 1.94%.

According to the GDP report released by the bureau on Friday, November 22, 2019, the average daily oil production in the quarter was 2.04 million barrels per day (mbpd), its highest in more than three years.

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