Nigeria’s slump deepens as economy shrinks 2.1%

Nigeria is officially in recession, as the National Bureau of Statistics confirmed GDP growth contraction by 2.1 percent in the second quarter. “It is no surprise, as the macroeconomic woes which saw growth contract by 0.36 percent in the first three months of the year, intensified in Q2,” said Muda Yusuff, director-general of the Lagos…
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