Nigeria’s economic growth accelerated in the third quarter as oil output increased, said the National Bureau of Statistics on Monday.
Oil production increased to 2.03 million barrels a day in the third quarter from a revised 1.87 barrels a day, the statistics office said. The crude sector contributed 10.04 percent to real GDP, according to the NBS.
The monetary policy committee is scheduled to announce its final rate decision for the year on Tuesday. The MPC has kept the benchmark rate at a record high of 14 percent since July 2016.