Nigeria's economy experienced a year-on-year growth of 3.89 percent in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report from the National Bureau of Statistics. This growth was primarily fueled by robust performances in sectors such as telecommunications, trade, construction, and financial services. Despite this positive economic expansion, the report indicated a decline in crude oil production during the same period, highlighting a mixed performance in the energy sector. The data underscores the resilience of non-oil sectors in contributing to the overall economic growth.
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