November 22, 2019/Cowry Asset

Nigeria’s real Gross Domestic Product grew year-on-year (y-o-y) by 2.28% to N18.94 trillion in Q3 2019, faster than 1.94% growth registered in Q2 2019.

The Oil & Gas sector was the main driver of the improved GDP number as it grew y-o-y by 6.49% to N1.81 trillion in Q3 2019 (faster than +5.15% in Q2 2019) – driven by a 5.15% increase in crude oil output to 2.04 million barrels per day .

Click here to read full PDF copy of report