Business Economy

Nigeria’s tough times are not over despite exit from economy recession, Oyegun says

Ihesiulo Grace 11 September 2017 0

John Odigie-Oyegun, national chairman of the ruling All Progressives Congress (APC) said though, Nigeria has officially exited economy recession according to National Bureau of Statistics but that doesn’t mean tough times are over. In a report credited to DailyTrust, the APC chairman made the

Business Economy

Nigeria was faced with depression, says ex-CBN Director

Ihesiulo Grace 6 September 2017 0

Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria (CBN), said on Wednesday that Nigeria’s economy had been experiencing depression rather than recession since 2015. According to NAN, Okunronmu, while responding to questions concerning the country’s economy in Ota, Ogun state, said that a recession could only last for a quarter or two,

Business

FG approves privatisation of Afam power plants

Ihesiulo Grace 5 September 2017 0

The National Council on Privatisation, NCP, chaired by Vice President Yemi Osinbajo, has approved the commencement of the privatisation of Afam Power plants 1 to 5 in Rivers, NAN reports. According to Laolu Akande, the vice-presidential spokesperson the measure is to inject additional power into the national grid and improve electricity supply nationwide. Akande said on

Headlines

Nigeria out of recession as GDP grows 0.55% in Q2

Ihesiulo Grace 5 September 2017 0

Nigeria is officially out of recession, according to growth data published by its National Bureau of Statistics (NBS) released on Tuesday. The NBS data indicate that Nigeria’s economy grew 0.55 percent in Q2 2017 compared to -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A Reuters’ poll had suggested at the […]