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HomeRecession

Recession

Economy

Nigeria’s Economic Slump Deepens as Oil Output Continues to Drop

November 23, 2016 Omoniyi Osadare 0

Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars. Gross domestic product in Africa’s most populous country contracted 2.2 percent […]

Economy

Four Charts That Show Nigeria’s Economic Dilemma | Bloomberg

November 23, 2016 Omoniyi Osadare 0

Nigerian central bank Governor Godwin Emefiele faces the unenviable task of balancing the needs of an economy that shrank every quarter so far this year with an inflation rate that’s at the highest in more […]

Economy

Economy Sinks Deeper Into Recession | Vanguard

November 22, 2016 Omoniyi Osadare 0

Goods and services produced in Nigeria between July and September 2016 have dropped lower as the nation grapples with economic slow down. Companies and other economic agents in the country are producing far below their […]

Government

Why We Bought N3.6bn Exotic Cars During Recession – Reps

November 18, 2016 Omoniyi Osadare 0

The House of Representatives on Thursday defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility […]

Economy

10 Ways To Survive Nigeria’s Worst Recession In 29 Years | TheCable

November 16, 2016 Omoniyi Osadare 0

The tides are rapidly changing and in this unstable economy, everyone — regardless of social standing and class — must adapt to survive. Adapting can be extremely challenging especially when the situation is an economic […]

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