On Tuesday, the National Bureau of Statistics gave a lot of Nigerians the news they desperately wished to hear – Nigeria is out of recession. After five consecutive quarters of negative GDP growth that started in Q1 2016, Nigeria’s economy Read more
Nigeria officially out of a recession for the first time since 2016, as GDP grows 0.55% in Quarter 2 of 2017, for the first time in 5 quarters. The worst recession to ever hit the country. This information was released Read more
*MANUFACTURING & NON-OIL SECTORS TURNAROUND *INCREASING REDUCTION IN SECTORAL NEGATIVE GROWTH In an encouraging indication of a steady, even if slow progressive pace, the Nigerian economy is emerging out of recession. The 2017 Q1 GDP figures released earlier today depict Read more
* Foreign reserves hits over $31billion The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday assured Nigerians that the country would get out of economic recession latest by the end of June this year based on emerging Read more
After a few quarters of negative growth that saw the death of businesses, the Nigerian economy is out of recession, but “conditions remain difficult for businesses,” World Economics said Tuesday. World Economics is a London-based organisation dedicated to producing financial Read more
Nigerian Economy Starts to Climb Out of Recession Market Growth Index above 50 for the first time in 11 months Monthly sales pick up sharply in March Rate of price inflation remains substantial March Sales Managers’ Index (SMI) data suggests Read more