Recession continues as GDP shrinks for fifth consecutive quarter

Recession continues as GDP shrinks for fifth consecutive quarter

‘Femi Asu Contrary to widespread expectations, the recession rocking the country failed to end in the first three months of the year, a new report from the National Bureau of Statistics has shown. The NBS, in its Gross Domestic Product Report released on Tuesday, said the nation’s GDP contracted by –0.52 per cent (year-on-year) in [&#8230...
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BREAKING: GDP contracts as Nigeria’s worst recession in 29 years continues

BREAKING: GDP contracts as Nigeria’s worst recession in 29 years continues

The Nigerian economy remains in its worst recession in 29 years! The National Bureau Statistics confirmed this on Tuesday, as it released the gross domestic product (GDP) report for theThe post BREAKING: GDP contracts as Nigeria’s worst recession in 29.....
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Blame recession on 1999 constitution, not Buhari’s APC – Akande

Blame recession on 1999 constitution, not Buhari’s APC – Akande

Former Chairman of the All Progressives Congress (APC) and elder statesman, Chief Bisi Akande, has said that the current economic recession rocking the country should not be blamed on President Muhammadu Buhari-led All Progressives Congress, APC, government bu...
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How we use N4b Eyo festival to reflate economy ―Ambode

How we use N4b Eyo festival to reflate economy ―Ambode

THE revival of Eyo masquerade festival has the capacity to reflate the Lagos State economy up to the tune of N4billion, Governor Akinwunmi Ambode has said. Speaking to State House correspondents on a retreat in the [...] The post How we use N4b Eyo festival t...
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Bad Leadership Responsible For Nigeria’s Economic Crisis – Soludo

Bad Leadership Responsible For Nigeria’s Economic Crisis – Soludo

A Former Governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo says the lack of proper leadership ideas contributed to the nation’s economic crash in 2016. The academic made the comments in a lecture at the Nnamdi Azikiwe University in ...
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FG’s poor policies led to an avoidable recession – Soludo

FG’s poor policies led to an avoidable recession – Soludo

by Azeez Adeniyi Former governor of Central Bank of Nigeria, Charles Soludo on Thursday said Nigeria went into recession because... Read » FG’s poor policies led to an avoidable recession – Soludo on YNaija ...
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Soludo: Wrong steps by govt ruined the chances of solving economic problem

Soludo: Wrong steps by govt ruined the chances of solving economic problem

Chukwuma Soludo, a former governor of Central Bank of Nigeria (CBN), says the root of the economic crisis currently rocking the country can be traced to the “bad policy ofThe post Soludo: Wrong steps by govt ruined the chances of solving economic problem...
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To get out of recession, we need to invest in youths – CEO IPI Solutions

To get out of recession, we need to invest in youths – CEO IPI Solutions

Cloud is a computing model, where individuals and organisations get to access technology products and services, using any device of their choice by paying for only what they consume. So you may either consume productivity service or platform services like appl...
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Nigeria Is Coming Out Of Recession – Finance Minister

Nigeria Is Coming Out Of Recession – Finance Minister

The Minister of Finance, Kemi Adeosun has said that Nigeria is gradually coming out of its worst recession in years. She made this known at a town hall meeting held in Abuja. Adeosun also noted that the Federal Government is working to block wastages, increase...
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BREAKING: Inflation rate drops for third consecutive month to 17.24%

BREAKING: Inflation rate drops for third consecutive month to 17.24%

Ifeanyi Onuba, Abuja The National Bureau of Statistics on Tuesday said the Consumer Price Index which measures inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS in the report stated that the 0.02 per cent points i...
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