recession

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ELDER statesman and one of the leading voices in the South West zone, Chief Ayo Adebanjo is afraid that Nigeria may break up if she is not restructured soon. He also expresses doubts on the possibility of holding the 2019 general elections under the nation’s present structure. In this … via...

The Presidency has praised the hard work and policies of President Buhari's administration after Nigeria officially exited recession. Presidential spokesman, Femi Adesina, who blamed the recession on mistakes of the past administration, said the government tackled the problem in just about a...

Emir of Kano, Muhammadu Sanusi II, has stated for yet another time the three sure steps that would take Nigeria out of its current econimic situation. Sanusi spoke at the 42nd convocation of the University of Benin, Edo State. He urged Nigerians not to use God as an excuse for failure...

The Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, has charged the President of Dangote Group, Alhaji Aliko Dangote, captains of industries and entrepreneurs to make efforts to help Nigeria come out of the current recession. The speaker made this appeal in Benin City, Edo...

The Dangote Group of Companies has denied reports that the disengagement of 36 expatriate and 12 Nigerian workers from the company was due to economic recession in the country. Mr Tony Chiejina, Head of Corporate Affairs, told the News Agency of Nigeria (NAN) in Lagos on Monday that the...

The National Assembly has resorted to bank facilities to pay its staff their monthly salaries and allowances as recession bits harder. But the facilities do not include the controversial running cost paid to lawmakers, as well as the salaries and allowances for their aides, The Guardian...

A former Interim Chairman of the All Progressives Congress, APC, Chief Bisi Akande, says the current economic recession ravaging the country was due to military incursion into politics and governance. Speaking in Otan Ayegbaju, Osun State during the inauguration of a block of 10 classrooms...

The President of the Senate, Dr Bukola Saraki, has said that the 8th Senate will pass 11 bills before the end of 2016 that will tackle the economic recession. Saraki spoke at a dialogue at the 22nd Edition of the Nigerian Economic Summit in Abuja, on Tuesday. He said that 40 bills were...

The International Monetary Fund has predicted that the Nigerian economy will move out of recession and grow by 0.6% in 2017. Nigeria’s real Gross Domestic Product is expected to increase marginally by 0.6% with Consumer Prices rising by 17.1%, according to IMF’s World Economic Outlook report...

President Muhammadu Buhari has acknowledged that Nigerians are suffering with assurance that his administration would resolve towards providing a lasting solution to the country's challenges. In his State of the Nation address to mark Nigeria's 56th Independence Anniversary on Saturday, Buhari...

The General Superintendent, Deeper Life Bible Ministry, Dr. William F. Kumuyi, said Nigeria would soon outlive the current economic woes but sale of assets might not be lasting solution. Kumuyi said this yesterday in Abuja at a media briefing on the forthcoming Deeper Life Abuja crusade tagged...

The Catholic Church of Nigeria has kicked against the move by the President Muhammadu Buhari-led federal government to sell off national oil assets in an attempt make up for the revenue decline in the face of a deepening recession. The clamour for the sale of national assets by some members of...

Human Right lawyer, Festus Keyamo has asked President Muhamamdu Buhari-led federal government a salient question over the sale of national assets. “On a lighter note, since they say the people are a country's greatest assets, are they also going to sell some Nigerians to fight recession?”...

Ekiti State Governor, Mr. Ayodele Fayose has said that President Muhammadu Buhari-led federal government should stop decieving Nigerians with injecting of N350 billion into the economy. According to a statement issued in Ado-Ekiti on Sunday by his Special Assistant on Public Communications and...

The Chief Executive Officer of Jumia Travels, Mr. Paul Midy, has said that the ongoing recession and falling value of the naira has made Nigeria a cheaper place to do business. He disclosed this while on a three-day working visit to Jumia Travels, Nigeria office. He said, “The fall in the...

Olubunmi Uko, a businesswoman reportedly walked out of her home last Friday evening with her last child, identified as Seun after leaving a suicide note, was still unknown at press time According to Vanguard, she had complained to a relative that her business had gone bad due to the exchange...