Figures released this morning confirm that Nigeria's economy is still in recession. The country's statistics office says that the economy contracted for the fifth quarter in a row at an annualised rate of 0.5%.
Capital Economics says that "while today’s figure was worse than most analysts had expected, it still
marked the best quarterly result since 2015".
It adds that the problems in the country's oil sector is at the heart of the recession and those issues now seem to be easing. Other sectors of the economy particularly manufacturing have improved.
marked the best quarterly result since 2015".
It adds that the problems in the country's oil sector is at the heart of the recession and those issues now seem to be easing. Other sectors of the economy particularly manufacturing have improved.
BBC report
Nigeria's Recession Continues - BBC reports
Reviewed by getitrightnigerians
on
09:35:00
Rating:
Reviewed by getitrightnigerians
on
09:35:00
Rating:
No comments:
Take advantage of our blog traffic and promote your product to millions of viewers.
For advert placements and other Enquiries, kindly send us a mail at getitrightnigerians@gmail.com or call 08025707646, 07031338542
Visit the Play stores to Download our mobile app and stay up -to-date.