Opinion

Recession: Not yet uhuru for Nigeria

Ihesiulo Grace 8 November 2017 0

The National Bureau of Statistics (NBS) latest overview of Nigeria’s economy between April and June 2017 has shown that the economy recorded a 0.55 percent positive productivity growth rate during the quarter and that Nigeria has exited from the recession it slipped into in the first quarter of

News

Osinbajo, Adeosun, others for Reps summit on recession

Ihesiulo Grace 2 November 2017 0

The two-day House of Representatives summit on economic recession which will have in attendance Vice President Yemi Osinbajo, Finance Minister, Kemi Adeosun and her Budget and National Planning counterpart, Senator Udoma Udo Udoma, will open on November 6, at the International Conference Centre, Abuja. Other dignitaries expected at the legislative economic summit are

Interviews

Buhari’s administration has done better than previous ones – Ajah

Ihesiulo Grace 16 October 2017 0

Dr. Haroun Ogbonnia Ajah (Doyen of Islam and Nze Nnanyeriugo 1 and Ocho Udo of Afikpo) is an outstanding public figure and personality from Afikpo North Local Government Area, Ebonyi State. The Doctorate degree holder in Public Management and Social Welfare was a National Commissioner in the National Hajj Commission of Nigeria (NAHCON), representing Jama’atu […]

Opinion

Are we really out of economic doldrums?

Ihesiulo Grace 27 September 2017 0

Livinus Ukah We are hearing from many quarters especially the dailies that we are out of recession. Is it a political rhetoric that makes people dance over this proclamation? When we hear people rejoicing at the bars, increasing the number of bottles, donating to charity, to the poor and decrease in unemployment, reduction of begging […]

Economy Headlines Nigeria

Following the end of the recession, what next?

Ihesiulo Grace 12 September 2017 0

The news that the Nigerian economy had exited 5 quarters of recession came as a relief because the recession had dragged on for longer than most initially imagine. The question now is what next? In a report presented at the Franco-Nigerian Chamber of Commerce in February, geopolitical analysis organisation, SBM Intelligence, had advised that the […]

Headlines

Nigerians soon to feel the impact of country’s economy exit from recession– NBS Chief

Ihesiulo Grace 6 September 2017 0

Yemi Kale, the Chief Executive Officer of the National Bureau of Statistics (NBS) said Wednesday that the effect of Nigeria coming out of recession will not be immediately felt by the people. The Statistician-General of the Federation made the statement in Abuja at a news conference, according to NAN. In his words, “there is a […]

Business Economy

Experts task FG on strengthening monetary, fiscal policies; pathways to recession exit

Ihesiulo Grace 6 September 2017 0

Financial experts Wednesday advised the Federal Government to strengthen the current monetary and fiscal policies which exited the country out of economic recession. The experts gave the advice in separate interviews with the News Agency of Nigeria (NAN) in Lagos while reacting to the second quarter report of National Bureau of Statistics (NBS) which indicated […]

Economy Headlines News Nigeria

End of recession elicits mixed reactions

Ihesiulo Grace 6 September 2017 Post a comment

Data released by the Nigerian Bureau of Statistics yesterday shows that Nigeria’s economy is finally out of recession. GDP growth for Q2 of 2017 was 0.55 percent, halting five quarters of negative growth. The previous two quarters had been -0.91 percent (revised) in Q1 2017 and -1.49 percent in Q2 2016. A statement from the […]

Business News

Mixed reactions trail Nigeria’s exit from recession

Ihesiulo Grace 6 September 2017 0

…Exit, an indication of Buhari’s performance-FG …CBN: We predicted Nigeria’s exit in May …It’s not yet Uhuru for the economy- ASSBIFI, others Following Tuesday’s pronouncement by the National Bureau of Statistics (NBS) that Nigeria, which has been reeling under excruciating pains of recession since late 2015 may be gradually exiting it, mixed

Headlines

Nigeria’s senate claims glory as country leaves recession zone

Ihesiulo Grace 5 September 2017 0

The Nigerian Senate said Tuesday that the data released by the National Bureau of Statistics (NBS) showing the country’s economy out of recession, is an evidence that the 21 recommendations it submitted to ‎President Muhammadu Buhari in 2016 were yielding results. This is contained in a statement signed by Senate spokesman, Sabi Abdullahi. The Senate […]

Economy

The lies we must NOT tell now that we are out of recession

Ihesiulo Grace 5 September 2017 0

Finally, after five painful quarters in the red zone, the Nigerian economy eventually inched its way out of recession, expanding by 0.55 percent year-on-year in the second quarter of 2017. The country made its way out of the worst economic recession since Ibrahim Badamosi Babangida. According to World Bank figures, the last time Nigeria’s gross […]

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

Business Economy

Nigeria needs strong domestic market to grow its international tourism, says DG, NTDC

Ihesiulo Grace 5 September 2017 0

Folarin Coker, Director General of the Nigerian Tourism Development Corporation (NTDC),  said that for the largest Africa economy needs a strong domestic market to see its international tourism market grow. He made the remark from the perspective that domestic tourism is the only form of sustainable tourism, during his keynote address with the theme “Maximizing the

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 […]

Economy Headlines

Nigeria’s economy is improving, data from space hint

Ihesiulo Grace 30 August 2017 0

Nigeria’s struggling economy improved between April and June, according to San Francisco-based satellite data. In a report by Bloomberg, SpaceKnow’s Nigeria Night Light Index, which measures light intensity and provides an indication of electricity usage, rose 29 percent year-on-year in that period, the first time it has shown a positive reading since the final three

Business News Nigeria

CACOL condemns CBN’s proposed cash deposits, withdrawals charges

Ihesiulo Grace 28 February 2017 0

The Centre for Anti-Corruption and Open Leadership, CACOL has condemned the decision of the Central Bank of Nigeria, CBN to reintroduce charges on all cash deposits and withdrawals in bank transactions, describing it as exorbitant, exploitative and anti-poor. The Executive Chairman of CACOL, Mr. Debo Adeniran, speaking on the development said there is nothing logical […]

Politics

Buhari’s gov’t has shown seriousness in changing Niger Delta story -Bassey

Ihesiulo Grace 23 February 2017 0

PASTOR Bassey James, a renowned criminologist, security expert and clergy, is the National President, Southern Youths Development Forum. A man passionate about Nigeria and the development of the Niger Delta region, James is happy with recent efforts by the Acting President, Prof Yemi Osinbajo, to change the Niger Delta narrative, especially with the recent peace […]

News

How we’re battling recession in Ile-Ife – Ooni

Ihesiulo Grace 22 February 2017 0

The Ooni of Ife, Oba Adeyeye Ogunwusi, has said that the ancient city of Ile-Ife has devised several means to ensure that the effects of recession was not felt by residents. He said this during the celebration of Odun Aaje (festival of wealth) in Ile-Ife on Monday. During the festival, residents and worshippers from different […]

Headlines News

…Current pains will produce better Nigeria –Osinbajo

Ihesiulo Grace 10 February 2017 0

Acting President Yemi Osinbajo, yesterday, said the current administration is doing everything necessary to make lives better for Nigerians even as he assured that the country will come out of the current challenges better than it had ever been. The acting president, who also restated that the Buhari’s administration was committed to the wellbeing of […]

Opinion

As Imo launches an airline amid recession

Ihesiulo Grace 30 January 2017 0

The last time I checked, Imo State could proudly boast of an airline. The said aircraft tagged “Imo Air’ was launched by the state’s government ably led by Governor Rochas Okorocha penultimate week, precisely on Tuesday 24th January 2017, after it successfully landed at the Sam Mbakwe Airport Owerri with passengers from Lagos State, at […]