Nigeria’s economic growth is expected to accelerate to 4.22 percent in the fourth quarter of 2025, up from 3.98 percent in the previous quarter, according to analysts at CardinalStone.
In a macroeconomic research note released Tuesday, the firm said improving business activity and a more supportive economic environment were likely to drive a year-end rebound.
Nigeria’s economy expanded by 3.98 percent in Q3 2025, marginally higher than the 3.86 percent recorded in the same period last year but down from 4.23 percent in Q2, data from the National Bureau of Statistics showed.
CardinalStone said the slowdown in the third quarter had been expected, citing weaker oil production due to maintenance at upstream facilities and delays in bringing new fields on stream. Output fell to 1.64 million barrels per day from 1.68 million in Q2.
The firm said recent purchasing managers’ index figures for November pointed to a “strong and broad-based expansion” in economic activity, which it expects to feed into stronger fourth-quarter GDP numbers.
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CardinalStone forecasts full-year growth of 3.92 percent for 2025.
