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…
The Lagos Chamber of Commerce and Industry (LCCI) has hinged the 6.1 per cent Gross Domestic Product (GDP) contraction according to the National Bureau of Statistics (NBS) on the socio-economic disruptions of COVID-19 pandemic. Dr Muda Yusuf, Director-General LCCI made this known in an economic report released to newsmen on Monday in Lagos. Yusuf noted Read More…