Recession imminent

Breaking: Germany’s economy slips to recession

May 25, 2023 Solomon Arowolo 0

Persistent inflation has helped push Germany into recession in the first three months of the year, an upgrade to growth data shows. Europe’s largest economy was also badly affected when Russian gas supplies dried up after the invasion of Ukraine, analysts said. The economy contracted by 0.3% between January and March, the statistics office said. That followed a 0.5% contraction Read More

After Buhari’s 7-day grace, Council of State’s intervention: Naira scarcity persists, Nigerians groan, black market booms

February 13, 2023 Blessing Anaro, Amaka Ifeakandu and Segun Odunewu Lagos, David Agba, Adeola Akinbobola, Bode Olagoke, and Abdulrahman Zakariyau, Abuja 0

The pain occasioned by naira scarcity has continued to bite harder four days after the seven-day grace President Muhammadu Buhari assured Nigerians he would tackle the menace. President Buhari had while receiving the Progressive Governors’ Forum penultimate Friday, begged Nigerians to give him seven days to end the naira scarcity squabble. At the meeting Buhari doubted the commitment of commercial Read More