The economy of Nigeria in the first quarter of 2018 increased by 1.95% in annual terms due to increased production and oil prices, according to the National Bureau of Statistics. Compared to the previous quarter, when the recovery was 2.11%, the growth rate in annual terms slowed, but growth was observed for the fourth consecutive quarter. Regarding the fourth quarter of 2017, GDP of Nigeria fell by 13.4%. The volume of oil production in quarterly terms increased by 50,000 barrels per day, in annual terms - by 250,000 barrels per day to 2 million barrels per day. The indicator was the highest since the first quarter of 2016. The oil sector grew in annual terms by 14.77%, non-oil sector - by 0.76%.
UBS' third-quarter revenue increases due to its strong performance in the global markets20.10.2020
Oil falls for fourth day on rising fears over second coronavirus wave14.10.2020
Singapore GDP sees quarterly decline, plunges more than forecasts08.10.2020
Norway strike could cut oil and gas output by quarter