The Federal Government’s Economic Management Team on Tuesday held what it called a consultative forum with a team of economic and financial experts across the country. The meeting was meant to enable the team, which consists of government officials only, to engage the experts on how to address the challenges facing the country’s economy, which […]
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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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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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