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Recession

9 Sep 2016
“Tough times never last. But tough people do”. This is an aphorism that many Nigerians would do well to bear in mind, especially business owners and managers. The problem is that it is better said than done
9 Sep 2016
Since the official acceptance of Nigeria’s economic recession, economic analysts and others have been making postulations of what is, what was and what should be. The Deputy Managing Director Afrinvest, Victor Ndukauba, shared with CLARA NWACHUKWU, Business Editor, how the current crisis could have been avoided. Excerpts: Were you surprised by the National Bureau of…
8 Sep 2016
It is, indeed, tragic that Nigeria has officially entered recession after two consecutive quarters of economic contraction. The National Bureau of Statistics (NBS) released last week a raft of official data on Gross Domestic Products...
8 Sep 2016
The Federal Government has approved measures to tackle the current economic recession besetting the country. The Council of State also disclosed efforts to diversify the economy and focus on agriculture and solid minerals development.
8 Sep 2016
The Presidency has said it is scaling down the N500 billion voted for Special Protection Programme in view of the present economic challenges.The Special Adviser to the President on Social Investments....
7 Sep 2016
Nigeria is officially in a recession. The recent official pronunciation by the government exposes the folly of Nigeria’s lack of investment in itself, from the average man on the streets right up to those who lead the country.
6 Sep 2016
The Minister of Finance, Kemi Adeosun, put the situation quite grimly but frankly: “It’s the worst possible time for us. Are we confused? Absolutely not. How are we going to get ourselves out of this recession?
6 Sep 2016
The Vice-Chancellor, Federal University, Oye-Ekiti, Kayode Soremekun, in an interview with The Guardian declared that Nigeria is not oil producing nation but a rental economy.
6 Sep 2016
While petroleum is the most popular in terms of exploitation and revenue generation, the other equally important resources are either neglected or “illegally” exploited in a haphazard manner.
6 Sep 2016
The National Bureau of Statistics just confirmed what most Nigerians already knew. The economy shrunk by 2% year on year to the end of June confirming that we are officially in a recession.
4 Sep 2016
Sir: From the crushing economic pains of the day, to the social dislocations and mounting insecurity everywhere in the land, coupled with the ignoble and dodgy power play at Abuja ...
1 Sep 2016
From mooted talks to official confirmation yesterday, Nigeria has slipped into recession, already described as lowest economic performance in about 25 years.

Latest

18 mins ago
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48 mins ago
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1 hour ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested a woman, Omoseyin Esther, with the Twitter handle Simisola of Lala, offering new naira notes for sale on social media.
1 hour ago
The Ndanekpa descendants, one of the ruling clans in the Adadu community in Toto Local Council of the state, have raised alarm over the alleged distortion of their family history by Asumburuku descendants, the current ruling house in the community.
2 hours ago
The Rivers State Government has withdrawn its earlier approval of the Adokiye Amiesimaka Stadium given to the Peoples Democratic Party's Presidential Campaign for its mega rally in Port Harcourt scheduled for Saturday, February 11, 2023.