Nigeria's Economy Grows 6.28 pct In Q2: Stats Bureau

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September 16, 2012 05:53 AM

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Nigeria's Economy Grows 6.28 pct In Q2: Stats Bureau

Nigeria's economy grew 6.28 percent in the second quarter this year, up slightly from 6.17 percent in the first quarter, driven by non-oil sector growth, the National Bureau of Statistics (NBS) said on Sunday.

Average daily crude oil output from Africa's largest producer rose marginally to 2.38 million barrels per day (bpd) in the second quarter from 2.35 million bpd in the first quarter, an NBS report said.

Consumer inflation eased to 11.7 percent year-on-year in August, down from 12.8 percent in July, largely due to a fall in food inflation which dropped to 9.9 percent in August from 12.1 percent the previous month, NBS said.

Reuters