Economics
Biggest African Economy Now In Recession as Oil Output Drops
- Nigerian GDP contracts 3.6% in third quarter from year earlier
- Oil production at the lowest in four years after OPEC+ cuts
Vendors sell fresh produce at a market in Abuja.
Photographer: KC Nwakalor/BloombergThis article is for subscribers only.
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Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.