December 4, 2025/Coronation Report

Summary 

Nigeria’s economy maintained its steady growth path in Q3’ 25, reflecting slower growth from the previous quarter. The real GDP expanded by 3.98% y/y, up from 3.86% in Q3’ 24 but slightly below the 4.23% recorded in Q2’ 25. This improvement was driven largely by the non-oil sector, which contributed 96.6% of total output and grew 3.91% y/y, up from 3.64% in the previous quarter.

Resilient growth across trade, ICT, agriculture, and financial services continues to underpin economic performance. In contrast, the oil sector faced operational disruptions from strike actions and…..

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