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Britain slid into recession last year on elevated inflation and a cost-of-living crisis, official data showed Thursday, dealing a blow to Prime Minister Rishi Sunak before this year’s general election. …
UK economy slips into recession Read More
The Chief Executive Officer of Financial Derivatives Company (FDC) Limited, Bismarck Rewane, has warned that low investments inflows and currency instability may drag Nigeria into a recession. He noted that …
Recession fears hit Nigeria over low FDIs, currency instability – Rewane Read More
Nigeria is struggling to raise funds from investors following poor credit ratings by two leading providers of corporate credit ratings, Moody’s and Fitch, after they downgraded the country to Category …
Nigeria struggles to borrow as creditors close vault over poor ratings Read More
A survey by NYSE-listed Stifel Financial shows that most executives are bracing for a recession in the U.S. In addition, “53 per cent of respondents believe that inflation will be …
Stifel Financial: 97% of US executives surveyed are bracing for recession Read More
Forex scarcity, galloping inflation, low oil production, burgeoning debt service, and worsening insecurity seem to be pushing Nigeria into another recession; BENJAMIN UMUTEME writes. In what many have come to …
Another recession looms as economy dips Read More
Labour leaders in Enugu state are no longer finding it funny that the staff of local governments in the state are not receiving minimum wage like their state counterparts and …
Enugu: Labour to wade into non-payment of minimum wage to LG staff, teachers Read More
A group of the ruling All Progressives Congress on the platform of APC Legacy and Awareness Campaign (APC-LAC) said peace has gradually returning to the country because the security agencies …
Security agencies now speaking language bandits, IPOB, others understand- APC group Read More
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained its benchmark interest rate for a fourth straight meeting, prioritizing the recovery of the economy from last …
CBN retains interest rate at 11.5% to support economic recovery Read More
The Buhari Media Organisation (BMO) has dismissed claims by the Peoples Democratic Party (PDP) that President Muhammadu Buhari harbours a terrorist sympathiser in his administration. In a statement signed by …
Pantami: No terrorist in Buhari’s govt, BMO blasts PDP Read More
The Central Bank of Nigeria (CBN) Tuesday resolved to leave all monetary policy parameters unchanged, retaining the Monetary Policy Rate (MPR) otherwise known as interest rate at 11.5 per cent …
CBN retains MPR at 11.5% Read More
The National Bureau of Statistics (NBS) has declared that Nigeria has exited recession. NBS revealed in its quarterly report released on Thursday. The bureau said Nigeria’s Gross Domestic Product (GDP) grew …
Breaking: Nigeria has exited recession – NBS Read More
The expectation expressed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to the effect that if Nigeria is able to receive even $2 billion monthly Diaspora …
Stem the naira slide Read More
The narrator’s voice, over the live coverage of Nigeria’s January ,15, 2021, Armed Forces Remembrance Day, went on with the script that had the pigeons flying, saying; “there they go, …
The ‘unflying’ pigeons and a soaring country Read More
The federal government has been called upon to stop further borrowing from both national and international financial organisations in order not to mortgage the future of the country’s children. Giving …
Stop borrowing to save our children’s future, Onuoha tells FG Read More
The National Insurance Commission (NAICOM) has appealed to the insuring public to continue to embrace insurance as risks mitigating mechanism notwithstanding the impact of economic recession in the country. The …
Insurance consumers urged not to ignore insurance because of recession Read More
Recession is a function of a country’s Gross Domestic Product(GDP); which is defined as the cumulative value of all finished goods produced and services rendered in a country within a …
Recession: Nigeria needs expansionary economic policy Read More
The news that the Nigerian economy has entered into recession requires urgent action to halt the trend and the adoption of measures for recovery, the Director General, National Association of …
Recession: NACCIMA calls for urgent recovery plans, support to MSMEs Read More
“Do not count your chickens before they are hatched” – so they say, but then I went ahead and and held my breath; and prayed on my gut feeling that …
Humanitarian, afterall Read More
Falling oil price, weakened naira and the coronavirus pandemic have driven Nigeria’s economy to the precipice, thus forcing the country’s apex bank, Central Bank of Nigeria, to intervene in almost …
Ailing economy: So, what about the CBN interventions? Read More
Ahead of resumption of international flights into the country from August 29, the Federal Airport Authority (FAAN) has reviewed upward air travellers’ Passenger Service Charge (PSC) from N1, 000 to …
COVID-19: Air passengers to pay N2, 000 PSC from Sept 1 – FAAN Read More
The projection by the International Monetary Fund (IMF) that all revenue that will accrue to the federal government in 2020 will be spent on interest repayments is quite worrisome. The forecast is …
The ominous projection by IMF Read More
The statement credited to the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sa’adiya Umar Farouq, that her ministry will ensure that President Muhammadu Buhari’s promise to …
Sa’adiya Farouq and 100m out-of-poverty scheme Read More
The International Monetary Bank (IMF) is urging banks to stop satisfying shareholders now and face a bleak future when recession take its toil on potential buffers. Instead, the international bank …
IMF cautions banks to halt dividend payment, save for “raining” day Read More
With the double effect of Covid-19 and oil price crash, Nigeria’s economy is teetering towards recession and Nigerians, again, are jittery. BENJAMIN UMUTEME in this report seeks remedies. As the …
Covid-19: Nigerians jittery as economy staggers towards recession Read More
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said Thursday that the country has recorded N125.52 billion drop in oil revenue in the first quarter of 2020. Addressing …
Minister hints on recession as Nigeria records N125.5bn drop in oil revenue in Q1 Read More