The Federal Government on Thursday warned that strong indications have emerged that the nation’s economy was likely to lapse into a second recession in four years, with significant adverse consequences if a very strong Q3 2020 was not achieved. The Federal Government has raised it that Nigeria’s Q2 GDP growth is in all likelihood negative, just as it said that Nigeria is exposed to spikes in risk aversion in the global capital markets, which will put further pressure on the foreign exchange market as foreign portfolio investors exit the Nigerian…
Read MoreNigeria likely to lapse into second recession, FG warns
