FG ANNOUNCES NIGERIA SET TO ENTER RECESSION AGAIN

Leke Baiyewu, Abuja The Federal Government has said there is likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four…

NIGERIA’S GOVERNANCE STRUCTURE SET UP FOR BANKRUPTCY SAYS FORMER KANO EMIR, SANUSI

Tunde Ajaja The immediate past Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammad Sanusi, has again said it is inevitable for Nigeria to be bankrupt…

NIGERIA’S UNEMPLOYMENT RATE TO HIT 38.4MIL OR 33% BY DECEMBER – OSINBAJO COMMITTEE ON ECONOMY

Omololu Ogunmade in Abuja A report by the Economic Sustainability Committee (ESC), chaired by Vice President Yemi Osinbajo, has projected that unemployment in Nigeria may rise to 39.4 million or…

NIGERIA’S EXTERNAL RESERVE FALL BY 2.3 BIL DUE TO OIL PRICE SLUMP

Nigeria’s external reserves recorded a decline of $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and March 5 this year. An analysis of figures obtained from…

CORONAVIRUS: FG MAY REDUCE BUDGET BY 1TRILLION NAIRA

The committee set up by the President, Major General Muhammadu Buhari ( retd. ), to assess the impact of coronavirus on the 2020 budget submitted an interim report to him…

CORONAVIRUS AND THE ECONOMY: NIGERIANS SHOULD PREPARE FOR 3 MONTHS OF TROUBLE SAYS NNPC GMD, MELE KYARI

Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Wednesday warned Nigerians to prepare for more economic trouble in view of the current multi-year low level of crude price in…

OBVIOUS BUHARI CAN’T FIX THE ECONOMY, SAYS PDP

The Peoples Democratic Party on Monday said the regime of the President, Major General Muhammadu Buhari (retd.), could not proffer solutions to Nigeria’s dwindling foreign exchange reserves and other socio-economic…