Recession

Nigeria’s statistics office said Wednesday that the country has dropped into recession as its all-important oil industry has suffered under weak global prices. The country’s gross domestic product (GDP) dropped by 2.06 percent in the 25

Africa’s largest economy, Nigeria, has officially entered recession after two consecutive quarters of contraction. Gross domestic product shrank by 2.06% in the second quarter of 2016, following a 0.36% shrinking in the first quarter, according to 25