Tag: economic recession

Nigeria leads South Africa in foreign reserves

admin- May 9, 2018

Nigeria, South Africa foreign reserves Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in ... Read More

Practically Impossible To Recover Economy With Poorly Paid Workers – Labour Leader

Henry Solomon- July 17, 2017

General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, Mr Isa Aremu said the Nigeria economy can not recover with workers poorly ... Read More

Economist Urges FG To Consider Hyperinflation 2017 Budget Implementation

Henry Solomon- June 19, 2017

An economist, Prof. Sarah Anyanwu has advised the Federal Government to take into focus the country’s hyperinflation in the implementation of the 2017 budget. Hyperinflation ... Read More

We have Put Behind The Difficult Phase – Osinbajo

Henry Solomon- May 29, 2017

Acting President Yemi Osinbajo on Monday assured Nigerians that the Muhammadu Buhari administration had passed the difficult phase of its programme. Osinbajo addressed the nation ... Read More

World Happiness Report 2017: Nigeria Ranked 6th In Africa

Henry Solomon- March 20, 2017

Nigeria has been ranked 6th in Africa in the latest World Happiness Report of 2017 and 95th in the World. The Report, ranks 155 countries ... Read More

PHOTOS: The Rush For LAKE Rice Enters Day Two

Arowobusoye Samuel- December 23, 2016

Pic.21. People queue for Lake Rice at the distribution centre in Teslim BalogunStadium, Surulere in Lagos on Friday (23/12/16). Lake Rice distribution is powered by ... Read More

Economic Recession Will Ebb In 2017 – President Buhari

Tanimu- December 19, 2016

Femi Adesina, Abuja: President Muhammadu Buhari has expressed optimism that the current economic recession will ebb in 2017. Speaking Monday, in Abuja while declaring open ... Read More

Dogara Discourages Bills Seeking Establishment Of New Agencies

Henry Solomon- December 6, 2016

In recognition of the economic recession in the country, Speaker of the House of Representatives, Rt Hon Yakubu Dogara, has urged the House to focus ... Read More

Group Urges FG To Strengthen ICT To Address Recession

Henry Solomon- December 5, 2016

The Nigeria Computer Society (NCS) has urged the Federal Government to deepen efforts toward advancing application of Information Communication Technology (ICT) in the country to ... Read More

Tourism Masterplan Review Begins

Henry Solomon- November 24, 2016

The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday, inaugurated the Technical Committee on the Review of Nigeria’s Tourism Master Plan, with a call on ... Read More

Senate To Reject Proposal To Punish People For FOREX Ownership

Henry Solomon- November 21, 2016

The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange (Forex) Act in order to empower the Central ... Read More

Slight Growth Witness In Non Oil Sector of The Economy

Henry Solomon- November 21, 2016

National Bureau of Statistics, NBS, has released the third Quarter GDP figures of the Nigerian economy. The report reveals a consistent growth in Agric and ... Read More

News Summary: AfDB President – Nigeria Is Too Big To Fail

Henry Solomon- November 18, 2016

Fuel Price Returns To Normal In Akwa Ibom Issues surrounding the recent fuel scarcity in Akwa Ibom state arising from the face-off between the tanker ... Read More

Saraki Points Out Areas Nigeria Needs To Co-operate With China

Henry Solomon- November 16, 2016

Senate President, Bukola Saraki (Photo: Twitter) Senate President, Dr. Abubakar Bukola Saraki, on Tuesday, identified the provision of infrastructure, industrialization and Information Technology (IT) as ... Read More

Ending Recession Requires Dialogue and Cooperation From All – Saraki

Henry Solomon- November 15, 2016

Senate President, Dr. Abubakar Bukola Saraki has said any effort to end the current recession in the country requires dialogue and cooperation from all leaders. The Senate President’s comments were in ... Read More

Senate Seeks More IMF Support To Tackle Economic Challenges

Henry Solomon- October 27, 2016

The Deputy President of the Senate, Senator Ike Ekweremadu, has solicited more support and closer partnership with the International Monetary Fund, IMF, in Nigeria’s efforts ... Read More

Dangote: Staff Retrenchment is Not Due To Nigeria’s Recession

Arowobusoye Samuel- October 25, 2016

NAN: Dangote Group of Companies has denied reports that the disengagement of 36 expatriate and 12 Nigerian workers from the company was due to economic ... Read More

Agriculture Is Our Path Way Out Of Recession – Obasanjo

Henry Solomon- October 20, 2016

Former Nigerian President, Chief Olusegun Obasanjo says focusing on Agriculture will help the country out of recession Nigeria’s former President Olusegun Obasanjo says agriculture is ... Read More

Help Manufacturers Produce Quality Goods, Saraki, Abaribe Tell NESG

Henry Solomon- October 18, 2016

Senator Enyinnaya Abaribe and the Senate President, Dr. Abubakar Bukola Saraki, both advised the NESG to help manufacturers in the production of quality goods. Called ... Read More

IMF Introduces Zero Interest To Low Income Countries

Henry Solomon- October 7, 2016

IMF/ World Bank 2016 General Meeting in Washington D.C. The International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities to ... Read More