Most of the growth was driven by the non-oil sector.| By Eki Toju

Nigeria?s economy grew 6.28 percent in the second quarter this year, up slightly from 6.17 percent in the first quarter, driven by non-oil sector growth, the National Bureau of Statistics (NBS) said on Sunday.

Average daily crude oil output from the country rose marginally to 2.38 million barrels per day (bpd) in the second quarter from 2.35 million bpd in the first quarter, an NBS report said.

Consumer inflation eased to 11.7 percent year-on-year in August, down from 12.8 percent in July, largely due to a fall in food inflation which dropped to 9.9 percent in August from 12.1 percent the previous month, NBS said.

View the original article here


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.