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Nigeria Lowers 2016 Forecast, Expects Economy to Shrink 1.3 Pct

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s economy is likely to shrink 1.3 percent in 2016, the National Bureau of Statistics executive said on Wednesday, a sharp downward revision of.

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Nigeria Approves Plan to Borrow More from Abroad as Recession Hits

  By Felix Onuah Nigeria’s government has approved a three-year plan to borrow more from abroad, Finance Minister Kemi Adeosun said on Wednesday after the economy slipped into recession for.

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