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Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector

• Non-oil sector contributed 96.08%, oil 3.92%

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Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector

Nigeria's GDP grew 3.89% in Q1 2026 (down from 4.07% in Q4 2025), with services at 57.73% of output and oil production falling to 1.55 mbpd. Non-oil sectors now represent 96.08% of real GDP, a structural shift toward services and finance relevant for firms evaluating digital market exposure in West Africa.

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Timeline cronologica

lunedì 25 maggio 2026·vanguardngr.com
Breaking: Nigeria’s GDP growth rate slows to 3.8%
The National Bureau of Statistics, NBS, announced the development in its latest GDP report for Q1 2026 on Monday.
lunedì 25 maggio 2026·punchng.com
Nigeria’s economy grows 3.89% in Q1 amid lower oil output - NBS
Nigeria's economy expanded by 3.89% in Q1 2026, driven by agriculture, telecom, and financial services, despite lower oil output. Get the full NBS report.

Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector

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Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector

Timeline cronologica

Breaking: Nigeria’s GDP growth rate slows to 3.8%

Nigeria’s economy grows 3.89% in Q1 amid lower oil output - NBS

Nigeria’s GDP grows by 3.89% in Q1 2026 — NBS

Breaking: Nigeria’s GDP growth rate slows to 3.8%

Agric, telecoms drive Nigeria’s Q1 GDP to 3.89%

Nigeria’s recovery finds an unexpected growth engine - Businessday NG

Nigeria’s GDP grows by 3.89% in Q1 2026 — NBS

Nigeria’s recovery finds an unexpected growth engine - Businessday NG

Agric, telecoms drive Nigeria’s Q1 GDP to 3.89%

Nigeria’s GDP Slows to 3.89% in Q1, Driven By Services Sector

Nigeria’s GDP growth rises 3.89% in Q1’26

Banks, insurers, others record 8.5% growth in GDP to N1.93trn