Dr Yemi Kale, the Chief Executive Officer, National Bureau of Statistics (NBS), has said that the effect of Nigeria coming out of recession will not be immediately felt by the people.
The United States Agency for International Development (USAID) has applauded the federal government for exiting the country out of economic recession.
Dr Augustine Ayuba, an accountant with Kaduna State University (KASU), says Nigeria is practically still in recession because the purchasing power of Nigerians is still low.
Femi Adesina, presidential spokesman, says Nigeria’s exit from recession is a testimony that President Muhammadu Buhari’s administration is working for the progress and prosperity of citizens.
President Muhammadu Buhari has welcomed the news of Nigeria’s exit from recession with cautious optimism, stressing that his administration will continue to drive the country’s economic growth by vigorously implementing the Economic Recovery and Growth Plan launched earlier this year.
The Federal Government on Tuesday announced plans to improve the country’s Gross Domestic Products via biotechnology (the use of biological processes in industrial production).
The Presidency on Tuesday said the Buhari administration welcomes news of Nigeria’s exit from recession with “cautious optimism and will continue to drive Nigeria’s economic growth by vigorously implementing the Economic Recovery & Growth Plan launched earlier this year by President Muhammadu Buhari.”
Nigeria’s economy grew out of recession in the second quarter of 2017, expanding 0.55 percent year-on-year, the statistics office said on Tuesday.
The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget.
The much awaited confirmation from National Bureau of Statistics (NBS) on whether or not Nigeria has finally exited its longest recession since 1987 will now be released on Tuesday.
Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.
Tijani Muhammad-Bande, President of the 74th session of the UN General Assembly, was among several Muslims that attended a special church service in New York on Monday evening.
Stakeholders in the telecommunications industry, last week decried challenges impeding effective telecommunications service delivery in the country.
Governor Dapo Abiodun of Ogun State, has written the the state House of Assembly seeking approval to access a concessionary loan of N1.5billion from the Central Bank of Nigeria (CBN) for the Anchor Borrowers’ Programme with a single-digit interest rate.
The Peoples Democratic Party (PDP) in Bayelsa State has constituted a nine-member committee to reconcile aggrieved members of the party.
The Economic and Financial Crimes Commission (EFCC), Ibadan zonal Office, has arrested one Olumide Agbabiaka, a sales agent with Fidelity Bank Plc for allegedly stealing N137million.
British American Tobacco on Thursday said it planned to cut 2,300 jobs globally by January as its new boss seeks to drive revenues in controversial e-cigarettes.
The proscribed Islamic Movement in Nigeria (IMN) on Tuesday held Ashura procession in Yobe
The National Assembly has warned all the revenue generating federal ministries, departments and agencies (MDAs) engaging in diversion of revenues to desist from the act, saying such practice would not be tolerated henceforth.
The Senate Committee on Finance is to invite the Minister of Finance, Zainab Ahmed, and the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler to throw more light on the reasons for the proposed increase of Value Added Tax (VAT) from current 5 per cent to 7.2 per cent.
The Academic Staff Union of Universities (ASUU) has called on the police and other security agencies to fish out those behind the killing of Prof. Gideon Okedayo, found dead in a bush on Sept. 9.