Recession may linger through Q4, 2020 – LCCI Despite recession, Nigeria’s 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 country’s 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
