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Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 per cent this year, the International Monetary Fund has said. The Washington-based lender cut its 2016 growth forecast for Nigeria from 2.3 per cent projected in April, according to its World Economic Outlook update released on Tuesday. The projection for next year was […]
Nigeria’s economy may contract by 1.8% in 2016 – IMF
Source: Business