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Covid-19 Hurricane Makes Landfall as GDP Contracts 6.1% YoY in Q2 2020

Nigeria’s GDP contracted by 6.10% YoY in Q2 2020 compared to 1.87% YoY growth in Q1 2020 Services and Oil sector GDP posted declines of 2.6% and 6.6% YoY respectively in Q2. The oil sector contraction suggests crude oil production...