FG plans economic strategy review to avert recession

The Federal Government will soon commence a review of its economic strategies following the poor growth, which the economy recorded in the first quarter of the year. The move, a Presidency source said, became imperative in order to address some of the structural challenges, which the current administration might not have anticipated during the formulation […]

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Nigeria economy facing recession as GDP shrinks

Nigeria’s economy risks falling into recession after it shrank in the first quarter of 2016 as outputs in the manufacturing, financial, real estate, oil and gas fell significantly. The nation’s Gross Domestic Product, which measures the output of an economy, contracted by 0.36 per cent from a year earlier, the National Bureau of Statistics said […]

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