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 2016. Many Nigerians heaved a sigh of […]
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 Senate President, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
…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 reactions have expectedly […]
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 […]
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 […]
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 […]
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 Potentials […]
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 […]
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 months […]
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 […]
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 […]
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 […]
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 […]
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 […]
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