Trending News: J.P. 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Thu. Oct 15th, 2026
Trending News: J.P. Morgan index return to attract fresh funds to NigeriaFG inaugurates Tax reform committeeZulum pledges office, land for Tax Ombud’s North-East headquartersEtsu Nupe backs Taxpayer rights, voluntary compliance driveAUC, ATAF deepen tax cooperationNAICOM insists insurance recapitalisation was transparentNAICOM, NCAA partner to boost aviation insurance complianceOpen Space enters ethical finance marketEMT moves to harmonise economic projectionsUba Sani backs Tax Ombud, targets stronger revenue in KadunaFTSE restores Nigeria to frontier marketFrom Wounded Colonel to Army Chief: The Battle Story Behind the Waidi Shaibu Critical Care CentreLawyers rally support for Tax Ombud’s compliance driveNNPCL, OML 118 partners amend PSC, dispute settlement agreementArmy launches rescue operation for abducted villagers in NigerPolice pay tribute to 10 officers killed in KebbiNAICOM grants fresh licences to capital-compliant Insurance firmsTax Ombud, OGFZA collaborate to deepen investor confidence, attract FDIFAAC shares ₦3.007tn to FG, States, LGsIran War: Trump threatens to bomb Oman over Strait of HormuzOsunDecide: INEC declares Adeleke winner of Osun governorship electionDHQ warns against fake posts after attempted X account breachStakeholders back Tax Ombud’s drive to deepen trust in tax administrationFG inaugurates advertising offences tribunalNigeria’s PPP model becomes template for $3.1bn AfCFTA customs project — ICRCPAYDN back LP Lawmaker, Agbese on Nigeria’s exit from International criminal courtCentre commends Eyesan for transparent, disciplined conduct of NUPRC licensing roundTinubu govt approves recruitment of over 3,000 PTA teachersTax Ombud to entertain digital asset complaints, says Chief ExecutiveUN warns Nigeria, Sahel Nations as ISIS threat remains acuteNYSC, Khaki and the Fight Against Drug Abuse By Fatih Lawal‑GaruWAEC releases 2026 WASSCE resultsEFCC allegedly freezes Osun Government salary accountTroops arrest four suspected terrorist collaborators in Yobe, BornoICPC wraps up investigation into PFIPC controversySmoke triggers alarm at MMIA terminal 2 as FAAN clarifies airport fire incidentFire breaks out at MMIA terminal 2Wike orders demolition of illegal Abuja settlementMicrosoft shares record biggest one-day increase in valueFG intensifies anti-arms drive, destroys 2,809 weaponsPolice arrest Osun SSG, five others over alleged vote buyingNGX Group declares N1.30 interim dividendTroops foil terrorist attack, rescue 21 female students in BornoFG inaugurates committee to develop 2026 VAT order, boost tax reformTinubu appeals to Nigerian doctors abroad to return homePanic as Enugu Air plane skids off Benin runway, 68 escape unhurtTax Ombud, NBA, JRB push inclusive reforms to boost tax complianceTinubu approves expansion of army to 12 divisionsFG lauds Kano govt for dedicating 32% of budget to educationCourt orders final forfeiture of 48 properties linked to Ex-AGF MalamiPolice arrest suspected bandit in KanoNiger govt scraps graduation ceremonies in private schoolsNCDC reports fresh Lassa fever surge, confirms 221 deadSokoto : Bandits deploy IEDs targeting soldiers, civiliansNAICOM warns Nigerians against fake recruitment scamLocal refineries narrow Nigeria’s petrol supply gapTinubu extends Customs CG Adeniyi’s tenure by 6 monthsNigeria falls below Global average on human rights indicators — HRMIPenCom, NURTW plan pension cover for 9m workersFG releases guidelines for transition to new tax lawsKASA removes 76 illegal signboards, strengthens regulatory complianceIPSAW slams NAFDAC over sachet Alcohol ban, demands DG’s removalKaduna sets Global pace with OGP domesticationEnugu to host South-East headquarters of Tax Ombud officeTinubu inaugurates Housing estate for appeal court justicesDangote slashes Petrol gantry price by ₦75/litreInsecurity, NYSC and the weight of sacrifice to Father’s landNigeria’s Thriving Terrorism Economy and The Gloomy RealitiesFrom Ogbueshi to National Service, Asagba Celebrates Tax OmbudCardoso says tough reforms driving economic recoveryFinance minister pledges better economic policy communicationTinubu honours Abiola, Yar’Adua, Ja’afaru Isa, Sambo Dasuki, Chris Eze, others as heroes Of democracySenate orders arrest of Bandits flaunting cash on TikTokXenophobic attacks: FG receives 258 evacuated Nigerians from South AfricaTax Ombud seeks media support on taxpayer rightsSenate intensifies N210tn NNPCL probe, orders Kyari’s arrestNigeria’s Investment-Grade ambition tops DataPro webinar agendaNigeria’s Pension reforms draw interest from KenyaNigeria secures three finalist spots at IPRA awardsFG hails IMF assessment of Nigeria’s economyTax Ombud moves against multiple taxationWATAF backs regional digital tax cooperationFG approves payments for over 1,240 contractorsCommonwealth chief urges stronger trade ties among members statesInsurers push innovation to expand coverage in AfricaFormer UNILORIN VC, Prof. Ambali dies at 68From Survival to Habit: The Growing Culture of Street Begging in KanoKebbi farmers trapped as Bandits demand ₦40m access fee to farmlandsOyedele joins African leaders, investors at LSE eventGunmen abduct seven Polytechnic students in ZamfaraDataPro: Credit ratings, Liquidity drive growth in Nigeria’s commercial paper marketNIMC warns Nigerians against fake NIN correction portalInsurance key to economic growth, investor confidence — NAICOMNEMA lists 178 kano communities at flood risk in 2026NAICOM promotes Policyholders’ protection fund in AbiaTax Ombud vows quality service as Asagba honours President Tinubu’s appointeesGanduje fires back at Kwankwaso, demands respect for Gov. AbbaASKOJ urges members to uphold integrity, public interest reportingNAICOM approves first Insurtech operator in NigeriaFG declares two-day public holiday for Eid-el-Adha
Thu. Oct 15th, 2026

Nigeria’s GDP expands by 4.23% in Q2 2025, NBS

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The National Bureau of Statistics (NBS), on Monday disclosed that Nigeria’s economy expanded further in Q2 2025, with the real Gross Domestic Product (GDP) growing by 4.23 per cent from 3.13 per cent in the first quarter of 2025.

According to NBS, the oil sector grew by 20.46 per cent in Q2 2025 1.87 per cent in Q1 2025 with crude oil production averaged 1.68mb/d in Q2 2025, 19.1 per cent higher than in Q2 2024 of 1.41mb/d.

As a result, the oil sector contributed 4.05per cent to the total GDP (Q1 2025: 3.97per cent) during the review period.

At the same time, the non-oil sector expanded by 3.64 per cent in Q2 2025 (Q1 2025: +3.19per cent). Thus, the non-oil sector contributed 95.95per cent to the total GDP (vs 96.03per cent in Q1 2025).

Read also:Nigerin’s inflation eases to 20.12% in August – NBS

From a sectoral perspective, Agriculture GDP grew by 2.82per cent (Q1 2025: +0.07 per cent), Services GDP expanded slowly by 3.94per cent (Q1 2025: +4.33per cent), while Industries GDP grew by 7.45per cent (Q1 2025: +3.42per cent).

In terms of contribution, Services, Agriculture, and Industries, respectively, accounted for 56.53per cent, 26.17per cent, and 17.31per cent of the overall GDP.

Abubakar Siddiq Ibn Usman

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