Nigeria out of recession as GDP grows 0.55% in Q2

Nigeria is officially out of recession, according to growth data published by its National Bureau of Statistics (NBS) released on Tuesday. The NBS data indicate that Nigeria’s economy grew 0.55 percent in Q2 2017 compared to -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A Reuters’ poll had suggested at the weekend that Nigeria and South Africa, Africa’s two biggest economies, may likely emerge from recession in the second quarter of the year but strong growth won’t show up until business confidence is restored.

Read more at: https://dailytimes.ng/headlines/nigeria-recession-gdp-grows-0-55-q2/

Nigeria is officially out of recession, according to growth data published by its National Bureau of Statistics (NBS) released on Tuesday. The NBS data indicate that Nigeria’s economy grew 0.55 percent in Q2 2017 compared to -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A Reuters’ poll had suggested at the weekend that Nigeria and South Africa, Africa’s two biggest economies, may likely emerge from recession in the second quarter of the year but strong growth won’t show up until business confidence is restored.

Read more at: https://dailytimes.ng/headlines/nigeria-recession-gdp-grows-0-55-q2/

Nigeria is officially out of recession, according to growth data published by its National Bureau of Statistics (NBS) released on Tuesday. The NBS data indicate that Nigeria’s economy grew 0.55 percent in Q2 2017 compared to -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A Reuters’ poll had suggested at the weekend that Nigeria and South Africa, Africa’s two biggest economies, may likely emerge from recession in the second quarter of the year but strong growth won’t show up until business confidence is restored.

Read more at: https://dailytimes.ng/headlines/nigeria-recession-gdp-grows-0-55-q2/

Nigeria is officially out of recession, according to growth data published by its National Bureau of Statistics (NBS) released on Tuesday. The NBS data indicate that Nigeria’s economy grew 0.55 percent in Q2 2017 compared to -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A Reuters’ poll had suggested at the weekend that Nigeria and South Africa, Africa’s two biggest economies, may likely emerge from recession in the second quarter of the year but strong growth won’t show up until business confidence is restored.

Read more at: https://dailytimes.ng/headlines/nigeria-recession-gdp-grows-0-55-q2/

Ministry of Transportation says the National Council on Transportation has approved the commencement of a `bicycle riding’ project, as a means of transportation in the Federal Capital Territory (FCT). The Minister of Transportation, Rotimi Amaechi told newsmen at the end of the National Council on Transportation on Monday in Sokoto.

Read more at: https://www.vanguardngr.com/2017/09/amaechi-introduces-bicycle-riding-means-transportation-fct/