Nigeria in recession, economy shrinks by 2.06%

31 August 2016, Abuja — The Nigerian economy, Wednesday, plunged into recession, as the National Bureau of Statistics, NBS, disclosed that the country’s Gross Domestic Product, GDP, in real terms, declined by 2.06 percent in the second quarter of 2016. Nigeria has now recorded two consecutive quarters of declining growth in GDP, the usual definition […] More »