Nigeria’s economic growth slowed slightly in the third quarter to 7.4 percent year-on-year as oil output dipped, but a rise in headline inflation in October strengthened expectations for an interest rate rise next week.

Gross domestic product (GDP) in Africa’s second-largest economy slowed from 7.72 per cent in the second quarter but was in line with expectations.

Food prices, the largest contributor to the consumer index, rose 9.7 percent year-on-year in October from 9.5 per cent the previous month.
read more :http://businessnews.com.ng/2011/11/17/nigerian-economy-takes-a-slow-turn-in-third-quarter/