Figures released this morning confirm that Nigeria's economy is still in recession.
The country's statistics office says that the economy contracted for the fifth quarter in a row at an annualised rate of 0.5%.
Capital Economics says that "while today’s figure was worse than most analysts had expected, it still marked the best quarterly result since 2015".
It adds that the problems in the country's oil sector is at the heart of the recession and those issues now seem to be easing. Other sectors of the economy particularly manufacturing have improved.
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