Monday, May 23, 2016

Video - Nigeria's GDP contracts by 0.36% in first quarter of 2016

Nigeria's gross domestic product contracted by 0.36 percent in the first quarter of the year, as the worst crisis to grip Africa's biggest economy in decades continues to deepen. The contraction compares with growth of 2.11 percent in the fourth quarter of 2015 and 3.96 percent in the same period last year, heightening expectations that the central bank will take action when its Monetary Policy Committee meets next week.

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