Business Economy Top Story

Nigeria’s economy shrinks 6% in Q2 on oil crash, pandemic double whammy

Reading Time: 2 minutes Nigeria imposed lockdowns in Lagos and Abuja in Q2 Oil sector contracted by 6.63% Nigeria is Africa’s largest economy Nigeria’s economy contracted by 6.1% in the second quarter of 2020 from a year earlier, the statistics office said on Monday, with lockdowns in its two main cities and low oil prices taking their toll. The Read More…