Africa’s largest economy Nigeria, has officially exited recession helped by the gradual return of economic activities following the easing of restricted movements and stimulus packages by the Central Bank of Nigeria.
National Bureau of Statistics says real GDP grew by 0.11% in the fourth quarter of 2020 which is higher compared to the -3.62% growth recorded in third quarter of last year. For the full year 2020, Africa’s largest economy Nigeria contracted by 1.92%.
Crude oil production in Q4 2020 fell to 1.56 million barrels per day down from the 1.67 million barrels recorded per day in Q3 2020.
Lillian Jijingi
Follow us on:
Anambra lacks formal crowd control law but is working on a regulatory framework, says state…
Retired Air Vice Marshal Akugbe Iyamu has called for urgent preparations for drought, heatwaves, and…
Romania's president Klaus Iohannis is expected to designate Prime Minister Marcel Ciolacu to form a…
Federal Government of Nigeria has declared public holidays to mark Christmas and New Year festivities…
IGP Egbetokun has ordered an investigation into Jimoh Abdulquadri’s death in police custody, promising justice…
Donald Trump has rejected suggestions that Elon Musk is the true influence behind the newly…