Nigeria's economy grew in Q3 after oil output rose to three year high - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Nigeria's economy grew in Q3 after oil output rose to three year high via SABCNewsOnline

The economy, Africa's largest, expanded by 0.17% in the previous quarter and 0.47% in the same period a year earlier

Growth rates in Nigeria have been bouncing back this year, though from a low base, after the oil sector, which accounts for around two-thirds of government revenue and 90% of foreign exchange, shrugged off its negative performance in the first quarter. Nigeria recorded the highest quarterly growth in September since the last quarter of 2018 as the oil sector rose 6.49%. The non-oil sector rose 1.85% during the period.

 

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WenzaNdaba Good! Now they don't have a valid excuse for crowding us. Can we help them increase the said oil outputs please?

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 /  🏆 32. in JP

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