"The public will recall that in the days following the announcement of the 2016 recession, the senate initiated steps and tabled 21 recommendations that it submitted to the executive for immediate action".
But that GDP expansion was a full percentage point lower than economists polled by Reuters expected and the office also said the first-quarter downturn, at 0.91 percent, had been steeper than initially estimated.
Adeyey said the recovery of Nigerian economy is weak and feeble.
Following the announcement that the country has exited its worst recession, the Manufacturers Association of Nigeria (MAN) believes Nigerians should not expect an automatic impact in the prices of goods and services if certain key issues are not duly addressed by the Federal Government.
South Africa is still facing big economic challenges despite recording a more healthy 2.5% growth figure.
South Africa had been in a technical recession given the contraction for two consecutive quarters. This represents an incline of 13.26% relative to rate recorded in 2016.
"But things are looking up now".
Well, some positive news to do with South Africa's economy!
"The Nigerian economy can be more clearly understood when classified into oil and non-oil sectors". Furthermore, the country's GDP needs to grow by 3% every year just to keep up with the rise in the country's population.
The growth in the Oil & Gas sector was driven by increased production to 1.84mbpd from 1.69mbpd in Q1'17.
Conversely, he said, it was important to note that the South African economy grew by a more impressive 2.5 per cent after contracting by 0.3 per cent and 0.6 per cent in Q4 2016 and Q1 2017, respectively.
Indeed, Nigeria owes the improvement to a boost in its oil and agricultural productions as well as a burst in its foreign exchange reserves, which should sustain its economic growth.
Investec said on Tuesday: "A low economic growth environment will remain entrenched by the depressed business and consumer confidence levels that have been linked to perceived heightened policy uncertainty and perceptions of weakening governance".
Quarter-on-quarter basis, real GDP growth was 3.23%.
Mohammed who did not also spare the critics of the administration, stressed that Buhari administration is working and the results are showing.
Six people were rushed to the hospital after a sport-utility vehicle plowed into a laundromat on Staten Island Sunday morning. Koo told the channel that the driver did over $20,000 in damages to the laundromat, which remains closed for repairs.
You're saying that you want to see a clean debt limit without any other spending cuts tied to that disaster relief. But on Sunday, he said that deadline had moved up due to unexpected new spending on Harvey.
Installing Windows 10 S from this tool will also replace the existing operating system on their machines, it added. Microsoft has of course long since stopped pushing out the free Windows 10 update, and now charges for it.
Michigan , led by senior quarterback Wilton Speight , have their work cut out for them in they want to make a title run. Hurst and Gary controlled the line of scrimmage throughout the game while completely shutting down the Gator's offense.
The couple maintained a long-distance relationship as Mako studied in Britain and Komuro in the US for one year. THE eldest grandchild of Japanese Emperor Akihito , Princess Mako , will marry a former university classmate.
A reshuffle will help the Narendra Modi government weed out the dead wood from the government and infuse new blood in the cabinet. A cabinet reshuffle has been on the cards since Manohar Parrikar resigned as Defence Minister to become Chief Minister of Goa.
Germany confirmed lineup: ter Stegen - Hector, Ginter, Hummels, Kroos, Stindl, Özil, Werner, Müller (C), Kimmich, Brandt. Germany manager, Joachim Low is not happy with his side's late 2-1 win over Czech Republic , saying they got lucky.
Many areas of Texas were still battling floodwaters from swollen rivers that were expected to remain for a week or more. However, the storms also cause economic costs for which the insurance industry has to pick up hefty bills.
Duke and Duchess of Cambridge expecting third child
As with her other two pregnancies, the duchess is suffering from Hyperemesis Gravidarum , or acute morning sickness. There will soon be another Royal baby! The Queen and both families are said to be "delighted with the news".
Japan, UK to hike pace of sanctions against N. Korea
But the gamble backfired, she lost her majority and is now propped up by the support of Northern Ireland's Democratic Unionists. Many of Mrs May's Cabinet members are thought to be starting to jockey to replace her.
Corker Applauds Trump Administration Action Against Russia
The sanctions involved visa restrictions on Russians and Ukrainians and include threats of asset seizures and business bans. Those were vacation retreats, which the United States claimed Moscow used for intelligence-related purposes.
Florida State QB Deondre Francois to miss remainder of season
Florida State might have had success limiting Alabama's offense, but it couldn't stop the avalanche from coming for it eventually. Last season the Seminoles lost safety Derwin James after he injured his knee in the second game against Charleston Southern.