Recession lingers, economic activities gather momentum

Nigeria’s real gross domestic product (GDP) contracted by 2.24% in Q3 2016 (year-on-year). This represents a decline of 0.18% and 5.08% points from growth recorded in Q2 2016 and Q3 2015, respectively. However, on quarter-on-quarter basis, the economy recorded a significant growth of 9% in Q3 2016.