Nigeria’s economy will contract this year — IMF

17 July 2016, Abuja — The International Monetary Fund, IMF, on Monday, admitted that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja, IMF resident representative in Nigeria, Gene Leon, said energy shortages and delayed budget weigh on output in Africa’s largest economy. After contracting […] More »