THE National
Bureau of Statistics, NBS yesterday predicted that Nigeria’s economy is likely
to shrink by 1.3 per cent in 2016 , contrary to a higher 1.7 per cent predicted
by the International Monetary Fund, IMF. The NBS’s Executive, Yemi Kale,
according to Reuters report said that, a sharp downward revision of its
estimates was prompted by sharp falls in the naira after dollar peg was
dropped.
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