Overall, conditions in Nigeria remain challenging with little
sign that the economy will exit recession over the coming
months, that is according to London-based World
Economics.
The new report released states that Africa’s largest
economy sees its business confidence fall to lowest levels
on record, in the fourth quarter of October to December.
Nigeria’s December Sales-Managers’ Index – measuring
growth across the country, reveals a continuation of the
recession gripping the economy since the new year
started.
World Economics says business confidence reduces
steadily for four years, and is now at the lowest level
recorded in the survey’s history.
