economic recession

President Muhammadu Buhari-led federal government has finally moved Nigerian economy out of its over 10-month recession, April Sales Managers’ Index (SMI) data by World Economics suggest. The Nigerian economy is continuing to grow out of the recession which saw 10 months of consecutive...

Former Central Bank Of Nigeria (CBN) Governors, Sanusi Lamido Sanusi, Prof Charles Soludo, Former Education minister, Oby Ezekwesili and Former Akwa Ibom State Governor, Godswill Akpabio all predicted economic crisis for Nigeria in 2014 as over $20 billion were unremitted under Former President...

His Eminence, John Cardinal Onaiyekan, Catholic Archbishop of Abuja, has called on Christians to be more generous to God, saying this could help the nation out of its current economic recession. Onaiyekan said this in an interview with newsmen during the Foundation Laying of the Cathedral...

Proshare, the online investing platform have suggested the path of economic recovery in any nation. The recovery path, according to the article was liken to a patient recuperating from malaria, and the symptoms of recovery start to manifest when you are able to tolerate little quantities of...

The General Superintendent of the Deeper Christian Life Ministry, Pastor William Kumuyi, on Sunday revealed his 2017 prophecy on current economic recession Nigeria is experiencing. He said God would turn things around for Nigerians especially those who put their trust in Him despite the...

A former Minister of Solid Minerals, Mrs. Obi Ezekwesili, has accused the administrations of former President Goodluck Jonathan and that of the incumbent, Muhammadu Buhari, of leading Nigeria’s economy into recession. According to her, the duo failed to adopt the right policies to deal with...

The Minister of Power, Works and Housing, Babatunde Fashola, SAN, has stressed the need for Nigeria to develop its own plan capable of effectively addressing the current economic downturn. Fashola, who spoke while delivering a lecture on “Freedom from Fear, Choices before the New Generation”...

The Minister of Information and Culture, Lai Mohammed, has said that the Federal Government has accepted blame for the current economic challenges facing the country. Nigeria has been faced with serious challenges as a result of unavailability of foreign exchange, low oil export and poor income...

President Muhammadu Buhari-led federal government has commended Nigerians for their resilience despite the tough times occasioned by the economic recession. The Minister of Information and Culture, Mr Lai Mohammed, gave the commendation in Lagos in his keynote address at the 4th Commonwealth...

Mavrodi Mondial Moneybox (MMM) known as MMM Nigeria has been ranked as the most recent visited site in the country by the California-based company, Alex Internet. Alexa provides analytical insights to benchmark, compare and optimize businesses through ranking on its platform. The scheme which...

The House of Representatives on Wednesday ordered the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria. Lawmakers warned that the “trick” used by the operators was to...

Governor Willie Obiano and not fewer than 10,000 Anglican faithful across Anambra state converged on Awka at the weekend on a prayer rally for God’s intervention over the economic recession and other challenges confronting the state and the nation. The rally, held at the Dr. Alex Ekwueme Square...

President Muhammadu Buhari has revealed that he nearly absconded from office, when he saw there was no money to work for the Nigerian people after winning the 2015 elections. The President made this confession on Thursday while addressing the Course 38 participants of the National Institute of...

Former President Olusegun Obasanjo on Monday listed four practical steps Nigeria must take in overcoming recession. The 4 Steps listed by Obasanjo while speaking at the opening of the 8th National Council on Industry, Trade and Investment in Ogun state include: 1. Spend less on goods that...

The Emir of Kano, Alhaji Muhammadu Sanusi II, has said that either policy failure or lack of a clear policy is responsible for Nigeria's current economic recession. He spoke in Lagos at the weekend during The Point newspaper’s Public Presentation and First Annual Conference on Economic...

The Chairman/ CEO of Global Fleet Group and Business Expert, Jimoh Ibrahim, has said that the current economic recession may continue for the next 20 years in Nigeria. He said this while delivering a lecture at the Obafemi Awolowo University (OAU), legal week in Ile Ife, Osun state. The Legal...

The World Bank and other international lenders are reportedly refusing to loan money to Nigeria. FINANCIAL TIMES reports that IMF and World Bank are demanding some financial reforms in Nigeria before the country is granted a loan. These discussions have held up any agreement on a loan from...

Pastor William Kumuyi, General Superintendent, Deeper Life Bible Church, has urged the Federal Government to find solution to the current economic recession with the future of the country at heart. Kumuyi gave the advice on Wednesday in Abuja while interacting with journalists ahead of a...

Former President Olusegun Obasanjo has explained how ex-President, Goodluck Jonathan caused economic recession in the country. Chief Obasanjo yesterday said his advice on the prevailing economic crisis was ignored two years ago by taking a swipe at the administration of President Goodluck...

The Senate has opposed the sale of the country's national assets to shore up the foreign reserves and address economic recession. The rejection was part of the resolutions passed on the state of the economy following a 2-day debate by the senators. More details later...