Nigeria’s exit from recession under threat, says CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Nigeria’s economy exited recession in 2017 after suffering contraction for five consecutive quarters. The CBN Governor, Mr Godwin Emefiele, is quoted to have said “the economy has started showing signs of weakness, for instance, he said the committee was concerned that the exit from recession may be under threat as the economy recorded growth rate of 1.95 per cent and 1.5 per cent during the first and the second quarter of this year respectively. Read more :