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Tag "Recession"

IMF: Nigeria heading into its worst recession in over 30 years

    IMF: Nigeria heading into its worst recession in over 30 years

The International Monetary Fund (IMF) has projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted global supply chains. This

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Coronavirus: EAC meets with Buhari, warns of recession

    Coronavirus: EAC meets with Buhari, warns of recession

The presidential economic advisory council says Nigeria would have to work hard to keep its head above the waters of economic troubles arising as a result of the coronavirus outbreak.

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The economy mustn’t crash again, says Secondus on ‘delay’ of Buhari’s cabinet

    The economy mustn’t crash again, says Secondus on ‘delay’ of Buhari’s cabinet

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to avoid driving the country into another recession with his “know-it-all attitude”. Speaking with PUNCH on Monday, Uche Secondus,

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South Africa exits recession in just three months

    South Africa exits recession in just three months

South Africa, the second biggest economy, has exited one of the shortest recessions on the continent, ahead of the 2019 election. In September, it was reported that the economy fell

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Jonathan: APC’s propaganda tore our economy to shreds, so we slipped into recession

  Jonathan: APC’s propaganda tore our economy to shreds, so we slipped into recession

Ex-president Goodluck Jonathan says Nigeria’s economy slipped into recession after he left office because the then opposition used “their malicious

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Zainab Ahmed: How AfDB helped Nigeria out of recession

  Zainab Ahmed: How AfDB helped Nigeria out of recession

Zainab Ahmed, minister of finance, says the African Development Bank (AfDB) was very instrumental to Nigeria’s exit from its worst recession

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CBN: Floating the naira could have destroyed the economy

  CBN: Floating the naira could have destroyed the economy

The Central Bank of Nigeria (CBN) says it resisted strong pressures to float the naira in order to save the

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Nigeria’s GDP growth dips in 2018, after 2017 exit from recession

  Nigeria’s GDP growth dips in 2018, after 2017 exit from recession

The rate at which gross domestic product grew in the first quarter of 2018 slowed from 2.1 percent points in

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World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

  World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

The World Bank says unemployment and poverty rates increased in Nigeria despite an exit from recession in 2017. The Bretton

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Report: 29 of 58 insurance firms have negative reserves

  Report: 29 of 58 insurance firms have negative reserves

Recent data released by the Nigeria Insurers Association (NIA) show that 29 insurance firms out of the 58 existing in

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