TAG: RECESSION

Nigeria’s shopping malls got hammered by weak consumer spending in H1 – Report

Nigeria’s shopping malls got hammered by weak consumer spending in H1 – Report

Nigeria’s biggest shopping malls were hit by the recession, as many of them recorded high vacancy rates in the first half of 2017, a...


Recession over at last? 3 reasons why the NBS chief ‘feels’ so

Recession over at last? 3 reasons why the NBS chief ‘feels’ so

The Statistician-General and chief executive officer of the National Bureau of Statistics Yemi Kale may have news capable of throwing Nigerians into joy as...


A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

Same symptoms, same...



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

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%. This confirms that Nigeria is...


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

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 way out of recession. Bloomberg...


Adeosun Wants Credit for Any Economic Growth Nigeria Enjoys

Adeosun Wants Credit for Any Economic Growth Nigeria Enjoys

Does she deserve the praise she...


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

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 per share rose 15.5% to...


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 born in the 80s/90s, you...


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

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, never let a bad situation...


Why The Stock Market Could Tell Us When The Recession Will Be Over

This Data Probably Has The...


New Shoprite Malls Are Unlikely As Resilient ‘Postpones Further Development In Nigeria’

New Shoprite Malls Are Unlikely As Resilient ‘Postpones Further Development In Nigeria’

Not good news for...


A story about Inflation, Ten Naira Note and Tokunbo Vehicles

A story about Inflation, Ten Naira Note and Tokunbo Vehicles

A government for the...


These Businesses Were Recession Proof During The Holidays

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 maximum merriment. Families splurge on...


Nigeria’s Economy Is Suffering From Stagflation, Not Recession, Says NAMB Boss

Nigeria’s Economy Is Suffering From Stagflation, Not Recession, Says NAMB Boss

It's a worse situation than...


SMI Report Says There Is ‘Little Sign That Economy Will Exit Recession’ Soon

SMI Report Says There Is ‘Little Sign That Economy Will Exit Recession’ Soon

Bad news we have been waiting...


Forex Gains Helps Nigerian Banks Get Out Of Recession

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 GDP growth rate of about...


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

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 time after it recorded a...


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

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 third quarter of 2016 higher...


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

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 data from the National Bureau...


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

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

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


Senate To Prioritise Tax Law Reform In 2017 Appropriation Bill  

Senate To Prioritise Tax Law Reform In 2017 Appropriation Bill  

It's about time this...


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 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

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...


MSCI index announcement: stay of execution or whisper of hope?

MSCI index announcement: stay of execution or whisper of hope?

Last week, and for the second time this year that the decision has been closely watched, MSCI Inc. announced it has retained Nigeria in...


Battling the recession through the Stimulus Package

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 the population did not understand...


Letter To The President: A Plan Beats No Plan

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?

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 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

Full Text of President Buhari’s 2016 Independence Day Speech

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