Nigeria’s economy expanded in the third quarter of 2025, extending its annual growth that had picked up to a four-year high in the previous quarter on improvements in the oil sector.

Gross Domestic Product surged to 3.98 percent year-on-year in Q3. This figure compares to the 3.86 percent growth it recorded in the corresponding period last year, according to new data released by the National Bureau of Statistics on Monday.

The annual growth was supported by the rising average daily oil production. This production volume grew to 1.64 million barrels per day. This daily average production was higher than the 1.47 mbpd recorded in the same quarter of last year, but it was lower than the second quarter of 2025 production volume of 1.68 mbpd.