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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.

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 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.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

NBS: ICT sector contributes 17.83% to nation’s economy

The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing 17.83 per cent contribution by the Information, Communication and Technology sector.

Nigeria’s GDP slows to 1.94 percent in second quarter

Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the second quarter of the year (Q2 2019) compared to 2.10 per cent in the preceding quarter, according to the National Bureau of Statistics (NBS).

Recent Stories

Vice President Yemi Osinbajo on Thursday presided over a virtual meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja.

VP Osinbajo: Nigeria has key role to play in AFCFTA negotiation

Vice President Yemi Osinbajo has stated that Nigeria has a key role to play in the successful negotiation process of the Africa Continental Free Trade Area, AfCFTA.

CBN: Only cassava farmers growing improved varieties will have access to N25 billion loan

The Central Bank of Nigeria (CBN) has said only farmers who grow improved disease-free cassava stems will have access to the N25 billion facility it has created to boost cassava production in Nigeria.
Peter Obi

#EndSARS: Peter Obi dismisses petition against him

Former Governor of Anambra State, Peter Obi, has asked the Judicial Panel of Inquiry (JPI) sitting in Awka, the state capital, to dismiss the petition of Mr Bonaventure Mokwe against him, describing it as abuse of process.
Director-General-Nationanal-Information-Technology-Kashifu-Inuwa-CCIE-Delivering-Keynote-Adress-At-The-Ongoing-2020-Abuja-Lean-Manufacturers-Conference-and-Workshop-2

NITDA begins third phase capacity training for on e-Government

The National Information Technology Development Agency (NITDA) has commenced the third phase of virtual strategic capacity building training for Federal Public Institutions (FPI) in Abuja.
Zaidu Sanusi celebrates his maiden Champions League goal, with teammate Marko Grujic in their 2-0 win over Group C rivals Marseille at the Orange Velodrome in Marseille, France. Twitter @FCPorto

Zaidu Sanusi named in Champions League Team of the Week

Porto defender Zaidu Sanusi has been named in the UEFA Champions League Team of the Week for matchday four.