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Recession

Nigeria Crawls Out Of Recession With Meagre 0.55% Growth

The National Bureau of Statistics, NBS, said Nigeria has exited its worst economic recession in more than two decades, notching up growth of 0.55...

Nigeria: Economic Decline Continues As GDP Shrinks For 5th Quarter

The ailing economy of Nigeria continued its slump and contracted for a fifth consecutive quarter in the three months through March as oil output...

More Bad News: Nigeria Recorded N104 Billion Negative Trade Balance In 3rd QTR

The National Bureau of Statistics, NBS, has disclosed that Nigeria recorded a negative trade balance of N104 billion in third quarter of this year. NBS,...

BREAKING: Bad News As Nigeria’s Recession Worsens, Economy Shrinks By 2.24%

While President Muhammadu Buhari has been playing the blame game, and diverting the attention of Nigerian from the failing economy by attacking democratic institutions...

Flashback: In 2015 CBN Warned That Buhari’s Lack Of Policy Would Bring A Recession

In 2015, the Central Bank of Nigeria, CBN, warned that Nigeria's economy could slip into recession in 2016, if proactive steps were not taken by...

12 Survival Tips For Getting Through Nigeria’s Recession

In these desperate times of recession in the economy (some might disagree and say it’s a stagflation), it can be awfully difficult to get...

A Tough 2016 Christmas Facing Nigerians – Lai Mohammed

Lai Mohammed, Nigeria's minister of information and culture, has assured of the determination of President Muhammadu Buhari-led administration to improve the economy and make...

FG Has Hit The Limit On Creating New Jobs – Adeosun

Kemi Adeosun, Nigeria's finance minister, told the Senate that the Muhammadu Buhari-led government can no longer reasonably employ more people into the public sector...

‘The Only Language Hunger Understands’ – Momoh Weighs In On, Recession, APC, Niger Delta

Tony Momoh, a former minister of information and culture,  has said that the solution to the Niger Delta crisis is not military action but...

Forex Regime: Erisco Foods To Shut Down Operations Ending 1,500 Jobs

An indigenous firm, Erisco Foods, has said it may be forced to shut down its production in the country due to its inability to...

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