FX.co ★ Nigeria GDP Growth Slows in Q3 but Remains Solid

The Nigerian economy witnessed a growth rate of 3.98% year-on-year in the third quarter of 2025, marking a deceleration compared to the previous quarter's 4.23% growth—the highest since the second quarter of 2021. The non-oil sector experienced an uptick of 3.91% following a 3.64% increase in the second quarter, with substantial contributions from agriculture (specifically crop production), information and communication, real estate, financial services and insurance, trade, construction, and manufacturing. Meanwhile, the oil sector recorded a growth of 5.84%, representing a significant slowdown from the 20.46% surge observed in the preceding quarter.