Nigeria In Recession: Moody’s Predicts Further Plunge

Moody’s, one of the big-three credit rating agencies in the world, yesterday, warned of a further contraction of the Nigerian economy. It disclosed that the declining value of the naira would engender a marginal increase in Nigeria’s external debt to 5.2 per cent of Gross Domestic Product, GDP, by end of 2016 from 3.3 per […]

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