Nigeria’s Economy Improving—US Firm

August 30, 2017
Nigerian economy Recession

By Bloomberg

Nigeria’s battered economy improved between April and June, at least according to satellite data.

San Francisco-based SpaceKnow’s Nigeria Night Light Index, which measures light intensity and provides an indication of electricity usage, rose 29 percent year-on-year in that period, the first time it’s showed a positive reading since the final three months of 2015, which was also the last time output in Africa’s largest oil producer grew.

Nigeria’s statistics office is scheduled to release gross domestic product figures for the second quarter on September 4.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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