recession Tag

Nigeria has exited its worst economic recession in more than two decades, notching up growth of 0.55 percent growth in the second quarter of 2017, the National Bureau of Statistics (NBS) said Tuesday.Read More
Abuja (AFP) Nigeria and South Africa have both exited recession, notching up economic growth of 0.6 percent and 2.5 percent respectively in the second quarter, official data showed on Tuesday. Nigeria’s economy returned to growth after five consecutive quarters of contraction, driven by a strong performance in the oil, agricultural, manufacturing and trade sectors, according to the National Bureau of Statistics (NBS). South Africa’s recession was much more shortlived, at just two quarters, and the rebound was fuelled by expansion of more than 30 percent in the agricultural sector, accordingRead More