Nigeria is out of recession – World Economics

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 analysis, insight and data relating to questions of key importance to the world economy.

“April Sales Managers’ Index (SMI) data suggests that the Nigerian economy is continuing to grow out of the recession which saw 10 months of consecutive contraction in 2016,” it said in a release published on its website.