Economic Recession Didn’t Stop Our Charity Operations–Pastor Abisagbo

Dayo Emmanuel Pastor of Christian Community Church International (CCCI), Surulere, Lagos, Pastor Ayodele Abisagbo has stated that his church did not stop its humanitarian services during Nigeria’s economic recession. Abisagbo who talked to journalists during the public presentation of his new book tilted, Living Above Economic Recession in Lagos said he got the inspiration in […]

End Of Recession: FG Lists $32bn Reserve, Oil Production, Electricity As Indicators

Federal Government said drop in headline inflation, increase in the nation’s Foreign Exchange Reserve and rise in crude oil production as well as improvement in public electricity generation the economy has witnessed collectively marked its rebound out of recession. The government said the National grid capacity rose to 6,900 megawatts in September and National Electricity […]

Nigeria Out From Recession

The nation’s economy is out of its first recession in 25 years as Gross Domestic Product has returned to positive growth. The National Bureau of Statistics on Tuesday said the GDP grew by 0.55 per cent (year-on-year) in real terms in the second quarter of 2017. The GDP shrank by 0.52 per cent (year-on-year) in […]

Recession may have ended in June, says statistician general

Statistician general of the federation, Yemi Kale has said that there is a likelihood that Nigeria’s economic recession ended in the second quarter of 2017. in an interview with Bloomberg, Kale made it clear that he was not sure because all the numbers had not been collated. “Intuitively, we might be getting out of recession […]

Recession: 196 firms shut down in 2 years

Despite several efforts by the Federal Government to cushion the effects of recession on the economy, recent figures from the Manufacturers Association of Nigeria (MAN) have shown that about 196 manufacturing companies shut down their operations in the last two years due to the biting recession.  This represents over 300 per cent increase compared to 45 […]

Recession taking its toll on Nigerians mentally, doctors warn FG

Family physicians under the aegis of the aegis of the Society of Family Physicians of Nigeria, have raised the alarm that the ongoing recession is taking its toll on Nigerians’ mental health. According to those who spoke at the World Family Physician Day seminar at the Eko Hospital in Lagos, about seven million Nigerians are […]

Kwara Gov Demands Urgency in Tackling Recession

Kwara Gov Demands Urgency in Tackling Recession Kwara State Governor, Mr. Abdulfatah Ahmed has demanded a sense of urgency by all concerned to tackle the current challenges of economic recession facing the country. Ahmed spoke during a panel discussion at the on-going symposium for Northern Nigeria Governors organized by the United States Institute for Peace […]

Recession: Senate rejects sale of national assets

Recession: Senate rejects sale of national assets After much condemnation by various stakeholders in the domestic economy, the Nigerian Senate Tuesday rejected the calls for the sale of the country’s national assets. On its social media handle, the Senate said it “rejected prayer 3 of the recommendations of the Ad Hoc Committee which sought for […]

We have a strategic plan that will take us out of the recession – Adeosun

We have a strategic plan that will take us out of the recession – Adeosun The Minister of Finance, Mrs Kemi Adeosun, has assured Nigerians that the current economic recession the nation was experiencing will not be prolonged. She gave the assurance on Friday in Abuja while addressing a news conference. She said that there […]