Nigeria’s gross domestic product shrunk by six percent in the second quarter of 2020, a new report by the National Bureau of Statistics (NBS) has shown.
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According to the report which was released on Monday, Oil GDP contracted by -6.63 percent from 5.06 percent in the first quarter and 5.15 percent in the second of 2019.
Non-oil GDP was also reported to have contracted by -6.05 percent from 1.55 percent in the first quarter of 2020 and 1.64 percent in the second quarter of 2019. (The Cable)
