TAG: RECESSION


Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....


Data Shows “Nigeria Is On Its Way Out Of Recession” – Kale

Nairametrics| Bloomberg reported on Thursday that numbers from the National Bureau of Statistics suggest Nigeria is already on its...




8 Things We Now Know After Shoprite Nigeria Declared 60% Spike In Sales

Nairametrics| Africa’s largest retail Supermarket chain, Shoprite Holdings released its 2016 full year results on Tuesday, showing headline earnings...


Looks Like Okin Biscuit Factory Is About To Be Sold Off

Nairametrics| It appears that the harsh business environment in the country has just claimed another victim. If you were...


Sucessful Entrepreneurs Say These 9 Tips Are Critical To Starting A Great Business

Nairametrics| Starting a small business in this recession may seem suicidal but like a popular American President once said,...





These Businesses Were Recession Proof During The Holidays

Just like in most parts of the world, Xmas and New Year holidays in Nigeria are a period for...




Forex Gains Helps Nigerian Banks Get Out Of Recession

The third quarter GDP report released by the National Bureau of Statistics showed Nigeria’s financial sector reported a real...


Nigeria’s Trade Sector Falls Into Recession for the First Time

Data from the National Bureau of Statistics reveals that the Trade sector fell into a recession for the first...


Recessions Continues, As Nigeria Records Real GDP Growth of -2.24% In 3rd Quarter of 2016 (See report)

The National Bureau of Statistics has reported that Nigeria’s real GDP contracted by as much as 2.24% in the...


Despite Brexit Fears, UK Remains Number 1 Source of Capital Into Nigeria

The United Kingdom emerged as the number 1 country where Nigeria imported the most capital. This is according to...


You Need N30 Million Per Year To Put Your Child In This Nigerian School

Just the $61,632 per annum for your 16-year...



FG to Spend N350bn Looted Funds to Implement Budget

Osibajo has assured Nigerians of economic...


IMF Outlines Measures To End Poverty In Developing Countries

IMF takes direct measures to aid poverty...


3 Obvious Reasons Why IMF Reduced Nigeria’s 2017 Growth Forecast

IMF paints a further gloomy picture for the Nigerian economy in 2017 because of these 3...



Battling the recession through the Stimulus Package

When the IMF predicted that the Nigerian economy was heading towards recession in April 2016, a vast majority of...


Letter To The President: A Plan Beats No Plan

The conversation we should be having is the need for greater private impetus in the...


Did President Buhari Just Try To Deceive Nigerians On Independence Day?

President Buhari got his Independence Day Speech wrong. Who's to...


The Reason Why EU Is Demanding Further Devaluation Of The Naira

The EU believes that the Naira must be fully devalued for the following...


Full Text of President Buhari’s 2016 Independence Day Speech

These were President Buhari's words for Nigerians early morning Independence...


These Are The Reasons Madam Adeosun Gave For Her Recent Statement About The Recession

Just as Nigerians are complaining about the distress the economic condition of the country is causing them, the Minister...


This Governor Believes Recession Will Last for 18 months and Naira will hit N500/$1 

Governor Obiano says that the dollar would continue to rise against the naira probably reaching up to N500 to...