Nigeria, Dec. 5 -- The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Thursday, said the country's Gross Domestic Product (GDP) declined by 0.25 per cent in the third quarter of 2025 compared to the second quarter.

Mr Cardoso explained that although Nigeria's GDP expanded by 3.98 per cent in Q3 2025, a growth higher than the 3.86 per cent recorded in the same quarter of 2024, but noted that the figure fell below the 4.23 per cent growth recorded in Q2 2025.

He disclosed this during the second-half 2025 statutory briefing before the Senate Committee on Banking, Insurance and Other Financial Institutions, chaired by Lagos East Senator, Adetokunbo Abiru.

"At the domestic front, real GDP growth sustained its positive tr...