Recession knocks on the door of Nigeria with pain and misery starring the people in the face as foreign-currency shortage is squeezing life out of Africas biggest economy as in 2015. According to Bloomberg Banks wont honor card payments, foreign investors cant get their money out and manufacturers are unable to import vital raw materials as output hurtles toward a second contraction in four years. Also, BusinessDay said its investigations show that emerging GDP data for Q2 point to an inevitable economic contraction of frightening proportions. And as was the…
Read MoreNigerias economy teeters on the verge of recession
