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Nigeria's economy contracts in Q1, raising pressure on central bank

By Alexis Akwagyiram LAGOS (Reuters) - Nigeria's gross domestic product contracted by 0.36 percent in the first quarter of the year, the Nigerian Bureau of Statistics (NBS) said on Friday, as the worst crisis to grip Africa's biggest economy in decades continues to deepen. The contraction compares with growth of 2.11 percent in the fourth quarter of 2015 and 3.96 percent in the same period last...
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Added May 22, 2016
from Yahoo Nigerian News