Just in:  

You are here: Home»World»Business & Economy»Nigeria GDP grew 6.48pc in third quarter 2012

Nigeria GDP grew 6.48pc in third quarter 2012

nigeria-flagLAGOS: Nigeria's economy grew 6.48 percent in the third quarter of this year, against 7.37 percent in the same quarter of last year, figures from the National Bureau of Statistics showed on Monday.


The report said the non-oil sector was "still the major driver of the economy", recording 7.55 percent growth in the third quarter, compared with 8.76 percent in the same quarter last year.


The contribution of oil to the overall economy fell to 13.42 percent, from 14.28 percent over the same period, although oil production actually rose to 2.52 million barrels per day over the period, from 2.38 million bpd the previous quarter.


Inflation rose marginally in October, to 11.7 percent, compared with 11.3 percent in September. Food inflation accounted for a large portion of the increase, rising to 11.1 percent, compared with 10.2 percent in September.

Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln