Tag: Oil sector
Oil Sector 2025 Outlook| Weak infrastructure likely to constrain growth but...
...For GDP, the growth of the oil sector is expected to remain in positive territory due to an anticipated improvement in domestic oil production...
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...