Nigeria's economy grew in Q3 after oil output rose to three year high

• Growth rates in Nigeria have been bouncing back this year, though from a low base.
• Crude production in the third quarter stood at 2.04 million barrels per day.
• Nigeria recorded the highest quarterly growth in September since the last quarter of 2018.

Nigeria's economy expanded by 0.17pc in the previous quarter and 0.47pc in the same period a year earlier.

The country has Africa's largest economy but has struggled to shake off the effects of a 2016, recession which ended the following year.

Growth rates in Nigeria have been bouncing back this year, though from a low base, after the oil sector shrug off its negative performance in the first quarter.

Crude production in the third quarter stood at 2.04 million barrels per day, its higest since the first quarter of 2016, the statistics office said.

Nigeria recorded the highest quarterly growth in September since the last quarter of 2018, as the oil sector rose 6.49pc.

The non-oil sector rose 1.85pc during the period.