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News Alert: Nigeria’s Economy Out Of Recession – NBS | The Precision

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The Nigerian Naira
The National Bureau of Statistics (NBS) on Tuesday says Nigeria’s economy has grown out of recession in the
second quarter of 2017, expanding 0.55 percent year-on-year.

Nigeria – Africa’s
largest economy reduced by 1.5 percent in 2016 for its first recession in 25 years. 
The economy also shrank in the first quarter of this
year, as a result of lower oil revenues and a shortage of hard currency. 
Nigeria’s economy had contracted 2.06 percent in the same quarter of 2016. 
 
More details to come…

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