Thursday, 26 February 2015

NIGERIA IN ‘OIL RECESSION’, AS SECTOR FALLS 2 QUARTERS IN A ROW

Nigeria, Africa’s largest economy is experiencing an oil and gas recession after the sector posted negative growth for two quarters in a row in 2014. The current value of ‘crude petroleum and natural gas’ output fell by 15 percent and 18 percent in Q3 and Q4 2014 respectively, according to full year GDP figures released.

Read more @ Businessday

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