Friday, 9th December 2022
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Recession

25 Nov
Prevailing economic challenges, as reflected in the business environment and rising inflation, which is further compounded by poor oil production in the last three months, have undermined Nigeria’s economy, as official figures show that Gross Domestic Product...
11 Nov
Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.
12 Oct
Germany will sink into recession next year and inflation will soar, the government forecast Wednesday, as Europe's top economy battles skyrocketing energy prices following Russia's gas shutdown.
30 Sep
Britain's economy grew in the second quarter and did not shrink as previously thought, data showed Friday, easing recession fears amid ongoing turmoil over the government's tax-slashing budget.
27 Sep
The World Trade Organization's chief said Tuesday she believes the world is heading towards a global recession due to multiple colliding crises and called for radical policies to revive growth.
26 Sep
The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.
23 Sep
The UK's new government on Friday unveils multi-billion-pound measures aimed at supporting households and businesses hit by the highest inflation in decades.
22 Sep
The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession.
19 Sep
The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.
19 Sep
Following the economy’s poor performance in the last few years, Nigeria’s housing market has lurched into recession, with professionals and property developers seeking review of major drivers of the sector.
12 Sep
Germany will fall into recession next year, a leading think-tank warned Monday, with Europe's biggest economy facing soaring inflation as Russia slashes energy supplies.
7 Sep
The threat of recession is rising in Europe, a top EU official warned on Wednesday, as skyrocketing energy prices caused by Russia's invasion of Ukraine punish the economy.

Latest

7 mins ago
President Muhammadu Buhari has urged his successor to build on his legacies in the agricultural sector to achieve food security in the country
31 mins ago
The House of Representatives has applauded the partnership between Nigerian National Petroleum Corporation (NNPC) Limited and Tantita security service Nigeria Ltd owned by Oweizide Ekpemupolo aimed at ensuring the security of oil facilities in the oil-rich Niger Delta region of the country.
54 mins ago
The medical consultants under the auspices of the Medical and Dental Consultants' Association (MDCAN) have raised the alarm that the migration of the medical workforce from the Ekiti State University Teaching Hospital (EKSUTH), is seriously affecting the survival of the tertiary health institution.
59 mins ago
Further to its commitment to the ban on commercial motorcycles within the nation's capital, Abuja, the joint enforcement team of the Federal Capital Territory Administration (FCTA) crushed 432 seized motorcycles on Thursday.
1 hour ago
The Boko Haram insurgency terrorising the Northeast part of the country is the handiwork of foreigners who penetrated the region in the guise of seeking to acquire Quranic education, Shehu of Borno, Alhaji Abubakar Ibn Umar El-Kanemi, has said.