Nigeria economic growth slows to 3.96% in Q1 2015

Nigeria’s economy grew by 3.96 percent in the first quarter of 2015, a sharp slowdown from the same period last year due to the fall in oil prices, the Nigerian Bureau of Statistics (NBS) said on Thursday.

The NBS said oil production was 2.18 million barrels per day in the first quarter of the year, unchanged from the previous quarter but lower than 2.24 million barrels recorded in first quarter of last year.