Breaking: Nigeria Surprisingly Exit Recession

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Breaking: Nigeria Surprisingly Exit Recession.

The Nigeria’s economy has unexpectedly and surprisingly exited recession in the fourth quarter of 2020.

In a statement on Thursday, the National Bureau of Statistics (NBS) said the economy grew by 0.11 percent.

The development comes after two consecutive quarters of negative growth which resulted in a recession.

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Gistlover reports Nigeria’s economy beat projections from the IMF and the World Bank, both of which predicted Africa’s biggest economy to exit recession in 2021.

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