Nigeria Slips Into Second Recession, Economy Contracts -2.4% In Q3

5 days ago 26
Carmart
NBS

LAGOS – The Nigerian econo­my, Africa’s largest, recorded contraction for a second quarter running, shrinking by -2.48% in third quarter ended Sep­tember, 2020. In second quarter, the econo­my contracted sharply by -6.1% compared to 1.87% recorded in first quarter of 2020. According to the National Bureau of Statistics (NBS), the -2.48% contraction recorded in the […]

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