The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, -6.63%)
Senate President, Ahmed Lawan has told the IMF that Nigeria's economy was on the path of growth despite challenges.
The persistent increase and scarcity of onions in major markets have become a major concern for many homes in Nigeria.
According to the latest Consumer Expectations Survey Report for Q3, 2020, consumers’ overall confidence index dipped to -21.2 points.
President Buhari has called on Nigerians to do all they can to avert a second wave of COVID-19 in Nigeria.
A CBN survey has concluded that credit to the economy declined by N900 billion or 2.27 % in August.
The NSE CEO has highlighted some of the measures the CBN took to save the Nigerian economy from collapse.
About N2 trillion spent in the last 5 years to achieve food self-sufficiency.
According to the GDP report, the telecommunication sector grew by 18.1% in real terms during the second quarter of 2020.
Zainab Ahmed admitted that the crash in crude prices would negatively affect the country’s revenue and foreign exchange earnings.