FX.co ★ Nigeria’s GDP Growth Slows to 2.83% in Q2 2026, Easing from 3.89% in Previous Quarter

Nigeria’s economy expanded by 2.83% year-over-year in the second quarter of 2026, down from a 3.89% year-over-year increase recorded in the first quarter of 2026. The latest data, updated on 24 August 2026, point to a deceleration in growth momentum on an annual basis.

Both the current and previous readings compare quarterly GDP performance with the same period a year earlier, rather than quarter-on-quarter changes. The first-quarter figure measured growth relative to the first quarter of the prior year, while the second-quarter result reflects performance against the same quarter a year ago. The slowdown from 3.89% to 2.83% suggests that, while Nigeria’s economy continues to expand, the pace of recovery has moderated as 2026 progresses.