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UPDATE 4: Nigeria’s GDP contraction slows for second consecutive quarter as oil decline eases

by LOLADE AKINMURELE & ONYINYE NWACHUKWU

May 23, 2017 | 10:44 am
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In the first quarter of 2017, Nigeria’s Gross Domestic Product (GDP) contracted by –0.52% (year-on-year) in real terms, the National Bureau of Statistics (NBS) said Tuesday, representing the second consecutive quarter of milder contraction and boosting optimism that an economic recovery is in the works. It is however the fifth consecutive quarter of contraction since…

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by LOLADE AKINMURELE & ONYINYE NWACHUKWU

May 23, 2017 | 10:44 am
  |     |     |   Start Conversation

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