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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 MoreAhead of the rescheduled meeting of the Organisation of Petroleum Exporting Countries (OPEC) on Thursday, the federal government says it is ready for work for the stability of the oil …
Nigeria’ll work for oil market stability – Sylva Read MoreMankind is at war with an invisible, seemingly inanimate substance which has wrecked more havoc on the United States of America (USA), the world’s largest economy, than the Japanese invasion …
The catastrophic economic cost of Covid-19 Read MoreIn mid 2014, when the price of crude dropped to less than $30 per barrels globally, Nigeria’s revenue dipped by 70 per cent as oil was its main revenue source. …
Oil price drop, high debt-serving costs: Another recession looms Read MoreMoney, the wag says, gets attention any time, anywhere. So did it happen that on August 21, this got my instant attention: “Nigeria heading into fiscal crisis – presidency warns.” …
A looming fiscal crisis? Holy ghost, fire! Read MoreThe President Mohammadu Buhari’s administration showed remarkable strength when the economy slipped into recession, the first in 25 years, but was quickly able to bounce out in the last two years. …
How Buhari faired in 4 major indicators in his first term Read MoreCentral Bank of Nigeria (CBN), Godwin Emefiele, Wednesday expressed concern over high rate of unemployment and warned that it may slide the country back to recession if not urgently addressed. Emefiele said …
Another recession looms, if…- CBN Read MoreChairman of the Nigeria Governors’ Forum (NGF) Abdulaziz Yari has said Nigeria risked another round of recession between 2020/2021. To this end, he said the newly elected governors should brace …
I see economic recession in 2020 –Yari Read MoreRenowned economists and academics Tuesday proffered strategies for the federal government to sustain the path of economic growth that had so far been gained since it overcame the 2016 recession. …
Academics suggest ways to sustain nation’s economic growth Read MoreA militant group in Nigeria’s oil-rich southern Niger Delta threatened on Thursday to cripple Africa’s top oil producer if President Muhammadu Buhari is re-elected in a vote due to be …
If Buhari wins, we’ll cripple economy” Read MoreThe Minister of Budget and National Planning, Sen. Udoma Udo Udoma says Nigeria’s economy is firmly on the path of growth. Udoma, in a statement in Abuja said, the country’s …
Economy on growth path – Udoma Read MoreSpeaking at a media parley organised by the First City Monument Bank (FCMB) Plc in Abuja, CEO of RTC Advisory Services, Mr. Opeyemi Agbaje, in a presentation ‘The Nigerian Economy …
Nigeria’s looming debt challenge, a cause for concern? Read MoreMr. Victor Eburajolo is a renown industrial relations expert and Group Deputy Managing Director, Kewalram Chanrai Group. In a chat with journalists, the labour expert speaks on the agitation for …
Non-payment of minimum wage affecting manufacturing sector — Eburajolo Read MoreFormer Vice President and chieftain of the All Progressives Congress, (APC), Atiku Abubakar, has cautioned that while Nigerians must rejoice over the official emergence of the country from recession, it’s …
Recession: Nigeria’s economy still weak, inflation is high – Atiku Read MoreFollowing the National Bureau of Statistics (NBS) announcement that the country has exited economic recession, some Nigerians have doubted the claim saying their daily hardship experiences have not improved for …
Recession Exit: Its a lie vendor, mechanic, others react, promise fulfilled – APC Read MoreThe Action Democratic Party (ADP) has described as a political statement an official statement by the federal government that the country is now out of recession, saying such claim “too …
Recession exit claim unverifiable, doesn’t call for celebration, ADP, SDP react Read MoreOur government should do something concerning the present condition of the economy and the excruciating suff ering that Nigerians are subjected to on a daily basis. Th e eff ects …
The economy is too harsh Read MoreIkeja Electric has said that the current economic recession is having adverse eff ect on its business, especially as it aff ects mass metering programme. Accordingly, it said the constraint …
Recession threatens our metering target — Ikeja Electric Read More