The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) decreased by -6.10 per cent (year-on-year) in real terms in the second quarter of 2020.

The Federal Inland Revenue Service (FIRS) says a systemic abuse of the pioneer incentive scheme instituted by the Federal Government has led to tax revenue leakages for the three tiers of government.

Worried by the contraction in the country’s Gross Domestic Product (GDP), financial experts on Monday called on the Federal Government to suspend its request for external loans.

Trading on the Nigerian Stock exchange (NSE) maintained positive trend on Thursday for the consecutive days, as its indices increased further by 0.13 per cent.