Nigeria's oil sector experienced a growth of 2.57% in the first quarter of 2026, marking its second consecutive year-on-year increase. This growth occurred despite a decline in actual crude oil production levels during the same period. The expansion reflects ongoing developments within the sector, which is a critical component of the nation's economy. The data underscores the complexities facing Nigeria's oil industry as it navigates production challenges while achieving growth in its gross domestic product related to oil.
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