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Tag "Recession"

Oil production hits four-year low, ICT sustains resilience… takeaways from Nigeria’s Q3 GDP report

    Oil production hits four-year low, ICT sustains resilience… takeaways from Nigeria’s Q3 GDP report

Figures from the third-quarter gross domestic product (GDP) report released by the National Bureau of Statistics (NBS) on Saturday, show that out of 46 economic activities, 17 recorded positive growth,

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IT’S OFFICIAL: Nigeria slides into worst recession in 33 years

    IT’S OFFICIAL: Nigeria slides into worst recession in 33 years

Nigeria has officially slid into its worst economic recession in over three decades, TheCable can report. According to gross domestic product numbers released by the National Bureau of Statistics on

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IMF: Nigeria’s recession will not be as bad as earlier projected

    IMF: Nigeria’s recession will not be as bad as earlier projected

The International Monetary Fund (IMF) has revised its 2020 gross domestic growth projections for the Nigerian economy. In its October World Economic Outlook report released in Washington on Tuesday, the

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Is Nigeria heading for a technical recession?

    Is Nigeria heading for a technical recession?

Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after the last downturn in 2017. The COVID-19 pandemic circumstances have

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We may slide into another recession, says finance minister

  We may slide into another recession, says finance minister

Zainab Ahmed, minister of finance, says unless Nigeria achieves a very strong third quarter 2020 economic performance, the country may

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What does UK recession mean for Nigeria?

  What does UK recession mean for Nigeria?

It is official, the UK economy has entered a recession for the first time in 11 years. Economic growth during

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UK slips into recession — first time in 11 years

  UK slips into recession — first time in 11 years

The UK economy has suffered its worst slump on record between April and June 2020 as COVID-19 lockdown measures pushed

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CBN: We won’t be distracted from steering the economy away from recession

  CBN: We won’t be distracted from steering the economy away from recession

The Central Bank of Nigeria (CBN) says Godwin Emefiele, its governor, and his team will not be distracted from their

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IMF projects worse decline for Nigeria’s economy

  IMF projects worse decline for Nigeria’s economy

The International Monetary Fund (IMF) has revised its projection for Nigeria’s gross domestic product (GDP) projection downwards to a negative

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Zainab Ahmed: Nigeria’s economy is heading towards a recession

  Zainab Ahmed: Nigeria’s economy is heading towards a recession

Zainab Ahmed, the minister of finance, budget and national planning, says the economy is heading towards a recession. However, Ahmed

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