GOOD NEWS: President Buhari finally moves Nigeria out of recession, as economy grows stronger
President Muhammadu Buhari-led federal government has finally moved Nigerian economy out of recession according April Sales Managers’ Index (SMI) data by World Economics. According to the report, the economy has seen a steady growth in the past few months. The London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy declared on Tuesday despite negative growth that oversaw the death of many business that the country's economy is out of recession, but “conditions remain difficult for businesses.” “Price inflation for April, which is tracked by the Prices Charged Index, remained high at 58.7 - indicative of high levels of inflation, however a slowing trend has developed
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