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

The National Bureau of Statistics, NBS, announced the development in its latest GDP report for Q1 2026 on Monday.

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.

The latest GDP figures show the services sector remained the strongest driver of economic activity in the first quarter of 2026.

Nigeria’s economy expanded by 3.89 percent in the first quarter of 2026, according to the latest GDP report released by the National...

Nigeria's GDP grew by 3.89% in Q1 2026, driven by strong performance in agriculture and telecommunications, despite a decline in oil production.

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

Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent…

By Babajide Komolafe Financial institutions including banks and insurance firms recorded a 8.5 per cent growth in real Gross Domestic Product, GDP to N1.9 trillion in the first…