Nigeria has exited recession after the gross domestic product (GDP) grew by a marginal 0.11 per cent in Q4. The figures are contained in the GDP growth report released by the National Bureau of Statistics (NBS) today. With several headwinds, however, the growth remains fragile. Overall, the country’s economy recorded -1.92 per cent. The country
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Nigeria, Africa’s biggest economy, has slipped into its second recession in five years as official figures published on Saturday show that the economy shrank again in the third quarter of this year. The Statistician General of the National Bureau of Statistics (NBS), Yemi Kale, who disclosed this on his Twitter handle on Saturday, said Nigeria’s
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Britain ’ s economy contracted by a record 20 .4 percent in the second quarter with the country in lockdown over the coronavirus pandemic , official data showed Wednesday . “It is clear that the UK is in the largest recession on record ,” the Office for National Statistics said .Britain officially entered recession in
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