Recession: CSOs express dismay over alleged poor management of economy
Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.
Nigeria will exit recession in first quarter of 2021 – minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.
President Buhari: Coronavirus caused Nigeria’s recession
As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global economic downturn caused by the COVID-19 pandemic.
Recession: Nigeria doing better than some other economies – minster
Zainab Ahmed, the minister of finance, budget and national planning, says the recession will be short-lived.
CAN asks President Buhari to invite church leaders over recession
The President of the Christian Association of Nigeria, CAN, Reverend Samson Ayokunle, Monday, asked President Muhammadu Buhari, to invite church leaders on how to lift the country out of recession immediately, even as they called for constitutional reform.
Report: Nigeria needs $3 trillion to bridge infrastructure gap
Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3tn needed over 30 years to close the gap.
Nigerian Economic Summit to discuss ‘partnerships for resilient economy’
Policymakers, business leaders, development partners and scholars will discuss how to create strategic partnerships between the youth, governments, private sector and the civil society at the 26th Nigerian Economic Summit starting on Monday.
Kingsley Moghalu: Only intellectual leader will change Nigeria’s economy
The former presidential candidate on Monday said unless the problem of leadership selection and constitution structure is addressed, Nigeria’s economy cannot create wealth for its citizens except for those with political connections.
NEPC, MDAs working to clear N124 billion backlog of export claims – director
The Nigerian Export Promotion Council (NEPC) says it is working with relevant ministries departments and agencies for payment of N124 billion backlog of claims under the Export Expansion Grant (EEG) scheme.
NBS: Nigeria’s ICT sector contribution to GDP declines
The Nigeria Bureau of Statistics (NBS), has said the information and communication sector contributed 9.57 per cent to the overall Gross Domestic Products (GDP) in the country’s third quarter in 2020.
MAN, LCCI others blame recession on coronavirus, #EndSARS crisis
Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
NECA calls for urgent economic recovery effort
The Nigeria Employers Consultative Association (NECA) has called for urgent economic recovery effort in view of the Gross Domestic Product (GDP) data released by the National Bureau of Statistics (NBS).
Recession: The worse may be possibly over – Lagos chamber
The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.
Recession: Financial expert seeks aggressive implementation of ESP
Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
Nigeria fastest growing economy in Africa – UK trade envoy
Grant said this at the two-day Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), in collaboration with Nigeria Diaspora Summit Initiative (NDSI).
NBS: Nigeria’s agric sector GDP contribution improves in Q3 2020
The Nigerian Bureau of Statistics (NBS) has said Nigeria’s Agricultural sector contributed 30.77 per cent to the overall Gross Domestic Product (GDP) of the country in the third quarter of 2020 (Q3 2020).
Agbakoba suggests path to Nigeria’s economic growth
A Senior Advocate of Nigeria (SAN), Dr Olisa Agbakoba, has said that for Nigeria to experience rapid economic growth there is the need for some agencies of the Federal Government to come together and harness their potentials.
Nigeria officially enters another recession as GDP contracts by 3.62% in Q3’ 2020
National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
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Sunday Igboho: I’m coming for killer herdsmen in Ogun
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IMF: Coronavirus vaccines rollout gives global economy fresh prospects
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Induction for newly posted ambassadors scheduled for February 8-10
According to the statement, “The Ministry of Foreign Affairs wishes to inform that the induction course for Career and Non-Career Ambassadors-Designate and their spouses has been scheduled for 8th – 10th February, 2021.”
Bill Gates advises Nigerian government against paying high price for coronavirus vaccines
American Philanthropist, Bill Gates, has advised the Nigerian Government against diverting its limited health fund into trying to pay a high price for COVID-19 vaccines.
American rapper Baby CEO dies
Also, the death of Baby CEO is coming just after three years after the death of Fredo Santana, an American rapper, who is considered by many to be a protege of Jonathan Brown.
Champagne loses its fizz as pandemic hits sales
Producers group CIVC said on Tuesday that sales of bubbly dropped 18% in 2020 by volume and the pandemic would continue to weigh on demand in the first half of this year, although the extent of last year’s decline was less than initially forecast and there was some year-end cheer.
Oyo governor asks police chief to treat those igniting ethnic tension as criminals
Gov. Seyi Makinde of Oyo State has asked the new Commissioner of Police in Oyo, CP Ngozi Onadeko, to arrest and treat those igniting ethnic tension in the state as criminals.