The Nigerian economy recorded a total decline of $2.1bn in investment inflow in the first 12 months of the administration of President Muhammadu Buhari. The $2.1bn, when converted based on the N305.5 per dollar official exchange rate of the Central Bank of Nigeria, translates to about N642bn. Investigations by our correspondent showed that since July […]
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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. […]
Read More The Minister of Finance, Mrs Kemi Adeosun on Friday said the Nigerian movie industry otherwise known as Nollywood, played a very important role in the country’s economy. In a report by the News Agency of Nigeria, She said this in Abuja at the film industry stakeholder’s workshop aimed at restructuring and reinvigorating Project ACT Nollywood. […]
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Finance Minister Kemi Adeosun has given a glimmer of hope on the Nigeria economy, saying it is on the way to recovery, The Nation report. Things are beginning to look up regardless of the current hiccups, she said at Sagamu, Ogun State, shortly after monitoring the Biometric Data Capturing exercise for members of the Nigeria […]
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Ogun State Governor, Senator Ibikunle Amosun, on Monday admitted that the economic situation in the country is tough. He said all the 36 states of the federation were affected by the downturn in the economy. Amosun spoke with State House correspondents shortly after a meeting he had with President Muhammadu Buhari at the Presidential Villa, […]
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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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[su_dropcap]T[/su_dropcap]he Finance Minister, Mrs. Kemi Adeosun has set out government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth. Speaking at a special event hosted by the Lagos Business School, she said: “We have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a […]
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ORGANISED labour yesterday, called on President Muhammadu Buhari to use the opportunity of the planned economic conference to come up with policies that could be implemented to get the country out of its current economic woes. The two labour centres in the country; the Nigeria Labour Congress and the Trade Union Congress – said the […]
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GOVERNMENT must diversify the economy if Nigeria is to survive falling global oil prices, World Bank Vice President and Treasurer Arunma Oteh said yesterday. She said Nigeria ranks 152 out of 188 in the Human Development Index, and ranks below the average for sub-saharan Africa. Oteh spoke in Lagos while delivering the inaugural Philip Asiodu […]
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