Nigeria capital imports sink 79% in second quarter as economy shrinks

ABUJA (Reuters) – Nigeria’s capital imports plunged 78.6% in the second quarter year-on-year to $1.295 billion, the statistics office said, as lower oil prices push Africa’s largest economy towards recession. Nigeria, Africa’s top oil exporter, has suffered its worst crisis in decades as low oil prices triggered by the coronavirus pandemic caused the economy to […]

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Source : African Media Agency (AMA)