The immediate past Director General, West African Institute for Financial and Economic Management, Prof. Akpan Ekpo, yesterday, said though the economy exited recession technically in 2017, it is still in a stagflation state based on very high rate of unemployment, double-digit inflation and sluggish growth.
Continue reading Recession: Nigeria not yet out of the woods –WAIFEM ex-DG at Vanguard News Nigeria. …
recession
FEC Pleased As Budget Minister Reveals 2018 GDP Growth
The Federal Executive Council on Wednesday received a report detailing the growth of the nation’s GDP in the third quarter of 2018. After the meeting presided over by President Muhammadu Buhari, the Minister of Budget and National Planning, Udo Udoma, told journalists that the council was encouraged by the economy’s steady recovery from recession. … Continue reading FEC Pleased As Budget Minister Reveals 2018 GDP Growth
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South Africa exits recession as govt eyes 2019 polls
South Africa broke free of recession on Tuesday when it reported GDP growth of 2.2 percent for the third quarter, the statistics authority said, marking a positive economic trajectory ahead of elections.
The post South Africa exits recession as govt eyes 2019 polls appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
JUST IN: South Africa exits recession in just three months
Jonathan: APC’s propaganda tore our economy to shreds, so we slipped into recession
Ex-president Goodluck Jonathan says Nigeria’s economy slipped into recession after he left office because the then opposition used “their malicious propaganda” to tear the country’s economy into shreds. Jonathan said
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Zainab Ahmed: How AfDB helped Nigeria out of recession
Zainab Ahmed, minister of finance, says the African Development Bank (AfDB) was very instrumental to Nigeria’s exit from its worst recession in decades. The minister explained this on Thursday while speaking to The post Zainab Ahmed: How AfDB helped Nigeria out of recession appeared first on TheCable.
Averting economy’s relapse into recession
The Economy Management Team (EMT) is worried by the economy’s poor showing on the first half of the year. It recorded a 1.95 per cent growth in the first quarter and 1.5 per cent in the second quarter. According to experts, these are indices that the economy may relapse into recession. But, real sector operatorsRead More …
Economy may slip back into recession, CBN warns
…to discuss with MTN, banks over N8.1bn fine Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five […] …
FG bans quarrying activities in Abuja, probes earth tremor
South Africa in recession for first time since 2009
South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa’s efforts to revive the economy after a decade of stagnation. A report by Reuters quoted Statistics South Africa as saying the economy contracted by 0.7 per cent quarter-on-quarter, led […] …