The National Bureau of
Statistics (NBS) of Nigeria released official Gross Domestic Product (GDP)
figures for the second quarter of 2016 on Wednesday, confirming that the
Nigerian economy is in recession. According to the statistics released, the GDP
contracted by 2.06 percent in the second quarter of 2016, following a
contraction of 0.36 percent in the first quarter. This officially places
Nigeria in a recession, which is defined by two or more consecutive quarters of
negative economic growth.
Thursday, September 1, 2016
Chris Brown Released on $250K Bail After Assault Arrest
Chris Brown was released from a Los Angeles jail late Tuesday night on $250,000 bail, hours after the singer was arrested on assault with a deadly weapon charges following a daylong standoff with police.
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