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Nigeria enters 2nd recession in five years as GDP contracts 3.6% in Q3’20

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Nigeria has entered its second recession in five years after the economy contracted in the third quarter of 2020. Gross Domestic Product (GDP), which measures the total monetary value of goods and services produced in the country within one year, contracted by 3.62 percent in Q3’20, the National Bureau of Statistics (NBS) said in its…

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