Recession may linger through Q4, 2020 LCCI Despite recession, Nigerias economy fastest growing in Africa UK envoy Nigeria entered a second recession in the third quarter of this year, for the first time in five years, according to figures released by the National Bureau of Statistics (NBS) yesterday. The NBS, according to its third quarter (Q3) GDP report, said the countrys GDP in real terms declined by -3.62% year-on-year (YoY) in Q3, 2020, the second contraction in 2020, thereby marking a full-blown recession and second consecutive contraction from…
Read MoreAgain, Nigerian economy officially dips into recession
