For Nigerians with excess cash looking for where to invest can be nightmare. It’s a bit ironic considering that those without cash typically have a gazillion ideas of what they can do with cash if they have it. Recently, we have been getting calls from some of our followers asking us about what sort of […]
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Nigeria is right about neck-deep in a pit of recession and strangled in a hard to get out of stagflation. Interest rates are on the rise, jobs are being lost and the Federal government is broke. It’s a tough ordeal for everyone including policy makers and the government. Even the rich are feeling the heat […]
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The economy is in recession, the government admitted yesterday. Udoma Udo Udoma, Budget and National Planning Minister said two negative quarters growth “technically” amount to recession. He was aware of only the negative growth in the first quarter, but he suspected the yet to be received second quarter report would also be negative. Udoma said while […]
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Nigerians yesterday got a piece of bad news – the economy is in recession. But, there is no need to panic because it will be short, according to Finance Minister Mrs. Kemi Adeosun. She broke the depressing news to Senators in plenary while briefing them on measures adopted to get the economy out of the woods. […]
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IN A PRESS RELEASE STATEMENT N-Power is a job creation and empowerment initiative of the Social Investment Programme of the Federal Government of Nigeria. N-Power is designed to help young Nigerians acquire and develop life-long skills to become solution providers in their communities and to become players in the domestic and global markets. Through N-Power, […]
Read More With rising unemployment and inflation accompanied by falling naira and Gross Domestic Product, the Nigerian economy has become worse off one year into the President Muhammadu Buhari administration, OYETUNJI ABIOYE writes, Punchng. President Muhammadu Buhari is known to be a man of action, thanks to the aggressive reforms that characterised his initial rule of Nigeria […]
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It is exactly one year since President Muhammadu Buhari was sworn in as President of the Federal Republic of Nigeria. Ahead of the official commemoration of his ascension to power, Buhari spoke with some journalists on the issues that have dominated his reign. Excerpts from Punchng: Looking at the last one year, how would you assess […]
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Coming to power on the mantra of change, President Muhammadu Buhari and his party, the All Progressives Congress, made a lot of promises. As they mark one year in office, Nigerians expresses themselves and voice out their opinion over the present administration, written and piled up by Punchng. It has been one year of excuses -Spokesperson, […]
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With barely five days to the first anniversary of the President Muhammadu Buhari administration, stakeholders, no doubt, will like to analyse his leadership approach in the various sectors of the nation’s economy and education is not going to be an exception. According to Punchng, Issues bearing on funding, policies, stable academic calendar, among others, will be in […]
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Investors in the country’s capital market are likely going to exhibit negative sentiments following the drop in Nigeria’s Gross Domestic Product in the first quarter of 2016 and fears over the possible outcome of the Monetary Policy Committee meeting, analysts have said. The National Bureau of Statistics had, on Friday, released the 2016 first quarter […]
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All Progressives Congress (APC) National Leader Asiwaju Bola Tinubu yesterday said the Federal Government’s removal of subsidy on petrol was necessary and inevitable. He said a situation where bogus suppliers were paid huge sums for supplying nothing while long lines of queues remained was unsustainable. Tinubu believes the subsidy regime led to petroleum products being […]
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A former Acting Governor of Kogi State and member of the Board of Trustees (BoT) of the All Progressives Congress (APC), Chief Clarence Olafemi, has called on the Federal Government to liberalize crude oil refining licence. This he said will encourage more private participation in crude oil refining in Nigeria. Olafemi in a position paper issued […]
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