Rates at the I&E window also appreciated from nearly $ in May 2017 to just over $  NGN – USD Convergence Across the Various Markets 400. 375. 350. 325. 300. 27/11/20  07/03/21  15/06/21  23/09/21  NGN Spot NIFX Index  01/01/22  11/04/22  20/07/22  28/10/22  NAFX Index 6m NDF  17.
GDP: After five quarters of uninterrupted GDP contraction (beginning from 1st Quarter of 2016), the economy exited from the recession during the second quarter of 2017. The recovery has been 14  sustained for five consecutive quarters.