Nigeria’s economy may contract by 1.8% in 2016 – IMF

Oyetunji Abioye Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 per cent this year, the International Monetary Fund has said. The Washington-based lender cut its 2016 growth forecast for Nigeria from 2.3 per cent projected in April, according to its World Economic Outlook update released on Tuesday. The projection for next […] The post Nigeria’s economy may contract by 1.8...
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Added July 19, 2016
from Yahoo Nigerian News