ECONOMIC RECESSION Archives

Nigeria’s Economic Recession: Reasons, Implications, Solutions

January 7, 2021 0

Sometimes to a lay man, a recession means nothing more than shortage of food on the table and shortage of money in the pocket but explaining a recession goes beyond these. Dr. Kemdi Chino Opara a Financial/Marketing Analyst, resident in the United States recently spoke with our correspondent on the meaning, causes, implications and way out. Basically, a recession is …

Nigeria Plunges Into Second Recession In Five Years

November 21, 2020 0

Nigeria , Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday show that the economy shrank again in the third quarter of this year.

Senate Rejects Buhari’s Plan to Borrow $30 billion

November 1, 2016 0

Senate rejects Buhari’s plan to borrow $30 billion The Senate on Tuesday rejected President Muhammadu Buhari’s plan to borrow $30 billion from external bodies for infrastructural development. The president had sent a request to the Senate recently seeking approval to borrow $30 billion to finance critical projects in the country. At its sitting on Tuesday in Abuja, Nigeria, the senators …