FX RATES
FX RATES

The best and worst performing sectors in the first quarter of 2021

The recently released GDP report by the National Bureau of Statistics shows how the Nigerian economy performed in the first quarter of 2021.

Nigeria’s Gross Domestic Product grew 0.51 percent in Q1 2021 compared to a growth of 1.87 percent recorded in Q1 2020.

The Q1 2021 growth rate was slower than the 1.87 percent growth rate recorded in Q1 2020 but higher than 0.11 percent recorded in Q4 2020, indicative of a slow but continuous recovery.

These were the best performing sectors in the first quarter of 2021.

Metal Ores

Water supply, sewerage, waste management and remediation

Cement

Electricity, Gas, Steam and Air Conditioning Supply

Telecommunications

 

Worst performers in Q1 2021

Quarrying and other minerals

Oil refining

Road transport

Transportation and storage

Air transport

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