Business

Budget implementation could pull Nigeria out of recession – Expert

Ihesiulo Grace 6 January 2017 0

A Financial Analyst, Mr Emmanuel Eze, yesterday said full implementation of the N1.7 trillion capital budget would pull Nigeria out of recession. Eze, Chief Executive Officer, Perfecta Investment Trust, told newsmen in Lagos that the economy would turn around if the capital allocation is fully

Business Headlines

NDIC, finance correspondents take aim at recession

Ihesiulo Grace 3 January 2017 0

The Nigeria Deposit Insurance Corporation (NDIC) recently organized a workshop for Business Editors and Finance Correspondents Association of Nigeria (FICAN) in Kaduna, with the theme, “Economic Recession and the Nigerian Banking Sector: Opportunities, Challenges, and the Way Forward.” The workshop was to tackling the current economic recession being experienced in the

Aviation Business

Recession: Concessionaires flee MMA2

Ihesiulo Grace 27 December 2016 0

As the recession bites harder, some concessionaires at the Murtala Mohammed Airport II (MMA 2) have closed their outlets at the terminal. Daily Times investigations revealed that no fewer than eight concessionaires have closed business in the last few months following their inability to pay the high rent at the private terminal. At the food […]

Business Money

2017: Experts warn Banks, others against retrenchment in recession

Ihesiulo Grace 27 December 2016 0

Financial experts on Tuesday warned commercial banks, industries, and small and medium scale organizations not to see massive staff reduction in 2017 as a means of surviving the current economic downturn.   From the beginning of 2016 till the third quarter of the outgoing year saw a lot of organizations, especially commercial banks retrenching in […]

Headlines News

Recession: Lagos generated more revenue In 2016 -Ambode

Ihesiulo Grace 20 December 2016 0

Lagos state governor, Mr. Akinwunmi Ambode, on Sunday hailed tax payers in the state for performing their civic obligations faithfully, saying the state recorded more Internally Generated Revenue (IGR) in 2016 than what was recorded in 2015 despite economic recession in the country. As at December 16, 2016, the state had raked in N287 billion […]

News

Buhari Congratulates Saraki

Ihesiulo Grace 19 December 2016 0

…Says Current Economic Recession will Reduce in 2017 …Seeks Stronger Ties With Legislature President Muhammadu Buhari has congratulated the Senate President, Dr Bukola Saraki on the occasion of his 54th birthday anniversary. This is just as President Muhammadu Buhari yesterday also expressed optimism that the current economic recession will reduce in 2017. In a

Business News

‘Nigeria must address recession without IMF, World Bank’

Ihesiulo Grace 19 December 2016 0

The Federal Government of Nigeria (FGN) must look for a way of tackling the current recession experienced by the country without following International Monetary Fund (IMF) and World Bank formula. The Principal Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe, stated this at the 2016 Nigeria Deposit Insurance Corporation (NDIC) workshop for Business Editors

News

Recession: Local fabric marketers urge Amosun to concentrate on cottage industry

Ihesiulo Grace 12 December 2016 0

As the country is seeking for ways out of the economic recession, the Kemta Adire/Kampala dealers and marketers in Abeokuta, under the aegis of Kemta Adire/Kampala association have appealed to the Ogun state governor, Senator Ibikunle Amosun to assist them in boosting their trade. The market head of the association, Chief Sadiat Akamo, gave the […]

News

Recession:Edo Will Be The Most Prosperous Economy In The South South Within Three Years,Says Obaseki

Ihesiulo Grace 12 December 2016 0

Governor Godwin Obaseki has expressed his administration’s desire to make Edo state the most prosperous economy in the South-South within the next three years.According to a press statement endorsed by his chief press secretary, Governor Obaseki expressed confidence that in another seven to ten years, his desire was to position the State as the number […]

News

Recession: Group advocates need to educate Nigerian youths on current situation

Ihesiulo Grace 5 December 2016 0

The need to educate and encourage Nigerian youths to believe in themselves rather than lamenting the current economic situation in the country has been advocated.By so doing, it will help in creating awareness among the youths to make themselves available for the  youth empowerment programmes envisioned by the Federal and the various state governments.These were […]

Business

Dangote Group to assist FG out of recession

Ihesiulo Grace 28 November 2016 0

Dangote Group has pledged to support the federal government and Kano State in exploring key sectors of the economy to cushion the effect of the recession among Nigerians. The group said in a statement on Monday in Abuja, that it would explore opportunities opening up in agriculture, mining and infrastructure, through partnership with the levels […]

News

FG commends Nigerians for their resilience under recession

Ihesiulo Grace 28 November 2016 0

The Minister of Information and Culture, Alhaji Lai Mohammed, has commended Nigerians for their resilience despite the tough times occasioned by the economic recession, assuring that the government remains focused on implementing realistic policies that will reverse the trend.The Minister stated this in Lagos on Monday in his keynote address at the 4th Commonwealth Public

News

Dons challenged to proffer solutions to nation`s recession

Ihesiulo Grace 24 November 2016 0

As the Federal Government and stake holders seek possible solutions to the Nation’s recession, academic dons have been challenged to come up with concrete policies that would revive our comatose economy. Former Group Executive Director of the Nigeria National Petroleum Corporation, NNPC, Dr Chris Ogiemwonyi, who was a guest lecturer at the University of Benin gave

Business Headlines News

Recession: Nigeria’s GDP plunges to -2.24%

Ihesiulo Grace 22 November 2016 0

…..Manufacturing sector shrinks to 2.9 per cent ….Oil production averaged 1.63 million barrels per day ….In non-oil sector, growth largely driven by agriculture …. Report contrasts CBN’s Dec. end of recession deadline   Nigeria’s economy showed no sign of reprieve as latest reports from the National Bureau of Statistics (NBS) indicate a melting

Politics

Kogi deputy speaker knocks Buhari for recession

Ihesiulo Grace 31 October 2016 0

The Deputy Speaker, Kogi State House of Assembly, Aliyu Akuh, has called on President Muhammadu Buhari to urgently fix the economy to reduce increasing hunger across the country. The Deputy Speaker, a stalwart of the Peoples Democratic Party, gave the charge  while fielding questions from journalists on Sunday in Lokoja. He noted that Nigerians were […]

Business Capital Market

Investors Laud Conoil’s N2billion Dividend Payout

Ihesiulo Grace 28 October 2016 0

Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held today in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company was able to declare such a huge dividend in spite of […]