Tag: Oil sector
Nigeria oil sector sustains positive momentum for three consecutive quarters
THUR AUG 29 2024-theGBJournal| The Nigeria oil sector grew by 10.15% y/y in Q2-24 (Q1-24: +5.70% y/y | Q2-23: -13.43% y/y) underpinned by a...
Oil sector projected to boost Nigeria’s GDP growth in Q2-24
...For the oil sector, we point out that domestic oil production has increased modestly in recent months after declining to 1.43 mb/d (including condensates)...
2023 Mid-Year Outlook| Positive outlook for the oil Sector as crude...
WED, JULY 05 2023-theGBJournal |The growth of the Oil sector remained negative in Q1-23, although we note that the decline (-4.21% y/y) was an...
Nigeria’s GDP growth slows to 2.31% y/y in Q1-23 with non-oil...
WED, MAY 24 2023-theGBJournal |The National Bureau of Statistics (NBS) released Nigeria's GDP numbers for Q1-23 today, with real GDP growing slowly by 2.31%...
The Big Picture| Nigeria’s non-Oil sector outpacing the oil sector but...
FRI. 24 FEB, 2023-theGBJournal| In line with expectations, the oil sector's contraction moderated to 13.38% y/y in Q4-22 (Q3-22: -22.67% y/y).
The moderate contraction...
Quick Take| Oil GDP could drag overall growth in 2022FY
TUE, 27 SEPT, 2022-theGBJournal| According to the recently released data by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria's crude oil production (including condensates)...
Quick Take| Nigeria’s crude oil production can’t breach the OPEC+ quota,...
TUE, 30 AUG, 2022-theGBJournal| Unsurprisingly, the oil sector maintained its contraction for the ninth consecutive quarter in line with the lingering production challenges exacerbated...
Nigerian GDP grows by 3.11% y/y in Q1-22, outturn surprises positively
MON, 23 MAY, 2022-theGBJournal | According to the recently released data by the National Bureau of Statistics (NBS), domestic economic activities sustained their positive...
Nigeria’s GDP grows 3.98% year-on-year in Q4 2021, non-oil sector records...
THUR 17 FEB, 2022-theGBJournal- The National Bureau of Statistics (NBS) today published the National Gross Domestic Product Q4 2021 report, showing Nigeria’s Gross Domestic...