Nigeria Sinks Into Second Recession In Five Years

-Adewale Adetoyese Confirmed official figures published on Saturday by the National Bureau of Statistics indicates that Nigeria has entered its second recession in five years. The figures further reveal that the economy shrank again in the third quarter of this year. TellAfrica gathered that this year’s recession, occasioned by the economic fallout of the COVID-19 pandemic, is worse than that of 2016. The NBS, in its Gross Domestic Product report for Q3, said the GDP, the broadest measure of economic prosperity, fell by 3.62 in the three months to September.…

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More Than 50 Members Of The House Of Representatives Allegedly Test Positive For Coronavirus

The House of Representatives today 7 July 2020 adjourned plenary until next week following the news that over 50 legislators may have contracted the novel Coronavirus. A member of the house told journalists that about 50 of his colleagues had been tested positive for the virus with some of them seriously ill. According to our findings, many of the lawmakers in both chambers of the National Assembly have tested positive for COVID-19 but refused making it public. One cannot tell if the recess will stretch to its usual two months…

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Nigeria’s Economy Heading For Recession

According to an aassessment made by the Nigeria Bureau of Statistics; Nigeria’s economy will go into a recession at an average of -4.4 per cent.   This information was presented by the Finance Minister, Zainab Ahmed, while addressing journalists after the National Economic Council meeting on Thursday.   Ms Ahmed said; “The National Bureau of Statistics (NBS) has made an assessment. So, it is the NBS assessment that Nigeria will go into a recession measuring at an average of -4.4%. “But with the work that the Economic Accessibility Committee is doing…

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