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BREAKING: Nigeria officially enters recession as GDP contracts by 3.62% in Q3’ 2020

MAN, LCCI others blame recession on COVID-19, #EndSARS; foresee job losses, reduced purchasing power

By Babajide Komolafe National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020. Economic recession is defined as two consecutive quarters of negative Gross Domestic Product (GDP) growth. Negative
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OLX Group explains why it acquired Cars45

OLX Group explains why it acquired Cars45

Mr Ganguly Soumobroto, Chief Executive Officer (CEO) of Cars45, on Friday said the company acquired Nigeria’s largest online used cars market to upscale the business to an international platform. Soumobroto gave the insight at a news conference at Alausa Shopping Mall while responding to questions on the investment made by the international online market platform,
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WTO: Female Parliamentary Caucus throws weight behind Okonjo-Iweala

WTO DG: Panel presents Okonjo-Iweala as preferred candidate

ECONOMY By Yinka Kolawole, with agency report The selection panel for the new Director General/ Chief Executive of the World Trade Organisation (WTO) has formally submitted the name of Dr.  Ngozi Okonjo-Iweala to the Organisation’s General Council for appointment to the position. The panel, constituted from the WTO Ambassadors, recommended that Okonjo-Iweala is the candidate
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