By Harriet Adzuu Nigeria’s economy slipped into a recession after its gross domestic product contracted for the second consecutive quarter. Africa’s biggest economy went into recession for the first time since 2016. The recession four years ago was its first in a generation, and the country emerged from it the following year. However, economic growth […]
Nigeria has plunged into its worst economic recession in thirty-three years. This is the second under the administration of Muhammadu Buhari as a civilian president and third in total as a head of state, Daily Times reports. The National Bureau of Economic Research (NBER) defines a recession as “a significant decline in economic activity spread across the economy, lasting […]
…Says collective efforts of executive, NASS will minimise how far Nigeria goes into recession Tunde Opalana, Abuja Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday, raised the alarm that going by the downward trend in global economy of which Nigeria is not isolated, the country might be heading for another economic recession. […]
Marriage is not a union of roses, but with maturity and sense of partnership, it will go on well. This was an advice from a former Deputy Governor of Abia State, Sir Emeka Ananaba, after the wedding between Miss Nkeiru Serah igwesi and Mr. Chukwuemeka Ezenwa Okite, the son of a former chairman of Bende LGA, […]
It would appear that the economic recession in the country has bitten hard on the commercial sex business, as most of the “practitioners can no longer afford to pay for their rooms in brothels, and are now forced to do their runs just about anywhere. Investigation by our crime desk revealed that many of them […]
Members of the Air Transport Services Senior Staff Association Of Nigeria (ATSSSAN) has observed that Nigerian aviation sector is one of the mostly hit by the prevailing national economic recession ravaging our dear country. The National President of ATSSSAN, Comrade Ahmadu D. Ilitrus, on behalf of the National Administrative Committee (NAC) made the observation yesterday […]
The National Assembly(NASS) is planning to create about 25 additional federal agencies in the face of a bloated bureaucracy, the economic recession and government’s plan to cut costs by implementing the Oronsaye report. The Daily Trust reported NASS plans today and reminded readers that 541 government agencies will gulp N2.98 trillion or 40.1 percent of […]
President Muhammadu Buhari has expressed optimism that the current economic recession will end in 2017. Buhari gave the assurance on Monday in Abuja while declaring open an induction course organised by the Ministry of Foreign Affairs for Nigerian Career Ambassadors-designate who were recently cleared by the Senate. The President said, “we are optimistic that the […]
The poor performance of the Nigerian economy is going to prevent many Nigerians from celebrating the Christmas season the way they would like to, some Abuja residents have said. The residents made this known in separate interviews with the News Agency of Nigeria (NAN) on Tuesday. NAN reports that the present economic recession in the […]