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Nigeria’s crude petroleum sector grows 16.4%, exits contraction despite lower production

Nigeria’s crude petroleum sector grows 16.4%, exits contraction despite lower production

News

Nigeria’s crude petroleum sector grew by 16.37% year-on-year in nominal terms in the first quarter of 2026, marking a return to expansion despite lower oil production during the period, according to data from the National Bureau of Statistics (NBS). 

The post Nigeria’s crude petroleum sector grows 16.4%, exits contraction despite lower production appeared first on Nairametrics.

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