Atiku

2019 budget flaws: It’s doubtful if Atiku understands meaning of recession, Presidency says

The Presidency, yesterday, took a swipe at former Vice President and Presidential candidate of Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, over his comment that the 2019 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari is a flawed document. The Presidency said the criticism by PDP’s Presidential candidate on recession was an […]

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Yemi Kale, NBS

Nigeria has not recovered from economic recession – Statistician, Kale

The Statistician-General of the Federation, Yemi Kale, has said Nigeria’s economy has not recovered from the 2016 recession. Kale, who is also Chief Executive Officer of the National Bureau of Statistics, said the conflicts between farmers and herdsmen had dragged down the Gross Domestic Product in the first quarter of 2018. According to a report […]

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Nigeria is exiting recession but economy remains vulnerable – IMF review

Nigeria is exiting recession but its economy remains vulnerable, the International Monetary Fund (IMF) said on Friday, after conducting a review of Africa’s largest economy. The regional power climbed out of its first recession in a quarter of a century in the second quarter, but economic growth remains sluggish. That has contributed to a cycle […]

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CBN hq

CBN wants quick implementation of ERGP as recession dampens financial inclusion strategy

The Central Bank of Nigeria (CBN) has called on the Federal Government to fully implement its recently launched Economic Recovery and Growth Plan (ERGP) to boost financial inclusion in the country as recession has dealt a serious blow on the National Financial Inclusion Strategy Implementation (NFISI) The advice is contained in the annual report on […]

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Nigeria, South Africa struggles for ‘Africa’s Biggest Economy’ title

Nigeria and South Africa, which emerged from recession in the second quarter of this year, are vying for the title of Africa’s biggest economy. Deciding which African economy will be the biggest at the end of this year will depend on which exchange rate used, Bloomberg showed on a chart. While the International Monetary Fund […]

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Free Nigeria from dependence on oil to avoid another recession – ICAN

The Chairman of the Western zone of the Institute of Chartered Accountants of Nigeria, Mikahil Ogundiran, has called on the Federal Government to free the nation’s economy from dependence on oil by focusing on other sectors for foreign earnings. According to him, this will sustain the economy and allay the fear of falling back into […]

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Capital market data confirms Nigeria exit from recession – NSE Boss

The Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema, said that informed investors and players in the Nigerian capital market were not surprised that the country exited recession in the second quarter of this year because market data gave the signals. While the national economy relapsed into recession in Q2, 2016 with a […]

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Godwin Emefiele

CBN’s sept. PMI affirm Nigeria’s exit from recession

Nigeria’s Central Bank, CBN, yesterday, released the Purchasing Managers Index (PMI) report for September, which indicated notable expansion in most sub-subsectors of the economy during the month, hence affirming the nation’s exit from recession. According to the report, 29 subsectors out of the 34 subsectors surveyed in the manufacturing and non-manufacturing sectors recorded growth in […]

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Nigeria is out of recession, Oni insists

Chief Olusegun Oni, the Deputy National Chairman, (South) of the All Progressives Congress( APC), on Sunday insisted that Nigeria is out of recession, urging Nigerians to be positive in their thinking. Oni, in an interview at his Ifaki Ekiti country home, said the “nation’s economy is expected to bounce back gradually”. The CEO of the […]

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Nigerians standard of living will improve with recession gone – Minister

Nigeria’s Minister of Information and Culture, Lai Mohammed, has assured that standards of living of Nigerians will improve as the country exited recession. The minister gave the assurance on Friday in Abuja when he received Broadcast Media Editors in his office. He urged well-meaning Nigerians not to listen to pessimists who he accused of downplaying […]

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Yemi Kale, NBS

‘Recovery from recession impact on the street is a gradual process’

Nigeria’s exit from recession continues to elicit mixed reactions. Statistician General, Dr. Yemi Kale, has given more insight into the report, noting that the impact of recovery on the streets is a gradual process. Kale, who is the Chief Executive Officer of National Bureau of Statistics, NBS, which reported that the nation’s GDP grew by […]

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‘Why are Nigerians not feeling impact of exit from recession’

Nigeria’s Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr. Yemi Kale, on Wednesday explained why Nigerians were not feeling the real impact of the positive economic growth rate on their lives. According to correspondence, Kale attributed the non-impact of the exit from recession on the citizens to the structure of the […]

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