Covid-19: Nigerian record worst consumption expenditure in over 12 quarters
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income
Tag: Nigerian recession
News and stories about Nigeria’s 2016 Economic Recession
Recession: Nigeria must stop borrowing for anything other than essential needs – Atiku
Atiku Abubakar has advised the Federal Government to expunge non-essential line items from the proposed 2021 budget.
No more N100 a plate meal in Nigeria
Food items across markets have experienced a spike in prices, making it impossible for one to find a decent meal ...
Avoiding or mitigating recession in post COVID Nigeria – Olisa Agbakoba
How do we avoid and or minimize the impact of inevitable recession on our economy?
The “new normal” for Nigerian Cinema
There may yet be hope for the industry, even as it proceeds into the second half of the year.
FAAC disburses N780.93 billion in April, allocation increases by 34%
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 ...
Covid-19: SBM Intel lists out industries that may be out of business post Coronavirus
Businesses have been classified into low risk, medium risk, and high risk. Those with high risk could be out of ...
IMF Loan to Nigeria Explained
Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ ...
Arik Air bows to pressure, implements 80% salary cut for staff in April
The management of Arik Air issued a mail to all workers that it has implemented 80% salary cut for its ...
Nigeria’s Inflation rate jumps to 12.26% in March as recession looms
According to the NBS report, month on month, inflation rose by 12.26% in March 2020, higher than the rate (12.20%) ...
