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Recession

President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
West Rail Line Long Ping Metro Station (MTR), Hong Kong

Hong Kong reopens after weekend of clashes, protests

Hong Kong’s businesses and metro stations reopened as usual on Monday after a chaotic Sunday when police fired water cannon, tear gas and rubber bullets at protesters, who blocked roads and threw petrol bombs outside government headquarters.
President Buhari at the event

President Buhari: Federal government will not inflict more hardship on Nigerians

President Muhammadu Buhari has on Thursday assured Nigerians that the Federal Government will not inflict additional hardship on citizens, rather it will keep seeking ways to ameliorate their sufferings and create a more enabling environment for everyone to thrive.
[FILE] Conservative MP Boris Johnson leaves his home in London on June 11, 2019. – The contest to replace Theresa May as Britain’s next leader formally has begun, with candidates lining up to define themselves against the “bluff and bluster” of frontrunner Boris Johnson. (Photo by ISABEL INFANTES / AFP)

Think-tank warns Britain of recession, urges to act ‘now’

Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday.
German Chancellor and leader of the Christian Democratic Union (CDU) Angela Merkel is seen on stage during a party congress of Germany’s conservative Christian Democratic Union (CDU) party on December 7, 2018 at a fair hall in Hamburg, northern Germany. – German Chancellor Angela Merkel will hand off leadership of her party after nearly two decades at the helm, with the race wide open between a loyal deputy and a longtime rival. (Photo by Odd ANDERSEN / AFP)

Angela Merkel hopes China-US trade problems be over soon

German Chancellor Angela Merkel said at the start of a visit to Beijing on Friday that the China-U.S. trade war was affecting the whole world and she hoped it would be resolved soon.

Oil firms at $59 as US, China tariff hike wanes

Oil prices rose in highly volatile trade on Tuesday in the wake of expectations of a drawdown in the United States (U.S.) crude inventories.
China's Yuan

China’s yuan sinks to weakest in 11 years amid trade tension

China’s currency slid on Monday to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.
The All Progressives Congress, APC, has challenged newly sworn in ministers to justify the confidence reposed in them by President Muhammadu Buhari and all Nigerians, by settling down to work quickly, hit the ground running and consolidate on the progress that have been made in the various sectors.

Capital market operators task new ministers on recession

Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.

Oil rises on US high retail sales

Crude oil prices rose more than two per cent on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy.

Reports: US heads towards recession

The US could be headed for a recession soon as the market’s most closely watched part of the yield curve inverted today.
Adams Oshiomhole

Adams Oshiomhole: Despite economic growth, poverty level still high in Nigeria

There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.

President Buhari and appointment of ministers

Nigerians will recall that the 2019 presidential election was held on February 23, 2019 after the Independent National Electoral Commission postponed it within a few hours to its opening on February 16, 2019. The incumbent, President Muhammadu Buhari, was declared the winner within a couple of days after the election.
National Bureau of Statistics NBS

Medium scale enterprises drop by 60 per cent – survey

A report by the National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has indicated that Medium scale enterprises dropped significantly by about 60 per cent, due to economic recession that spanned through 2017.

Central bank: Nigeria external reserves stand at $45 billion as at June

The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June 2019.

General Buratai: Nigeria passing through difficult period

The Chief of Army Staff, Lt. General Tukur Buratai, has declared that the nation is passing through difficult times, saying notwithstanding that, the army has been deployed in the 36 states of the federation and Abuja, for the defence of the country’s territorial integrity.
The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed.

CCCN: Chinese companies’ investments in Nigeria hit $20 billion

The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed.
Zainab Ahmed

Minister: States to share N649 billion Paris Club refund

Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.

US risks recession as trade tensions heightens

U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent.

Recent Stories

Edo NUT backs out of any planned strike over minimum wage

The Edo State wing of the Nigeria Union of Teachers (NUT) has backed out of the Nigeria Labour Congress (NLC) planned strike as it urged its members to remain at their various duty posts in schools across the state.
Lagos State Governor, Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

Lagos government to acquire 32,000 hectares farmland for rice cultivation

Lagos State Governor Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.

Bayelsa guber: PDP not disturbed by defection to APC – Governor Dickson

Bayelsa State Governor Seriake Dickson has boasted that the People’s Democratic Party (PDP) will win next month’s governorship election.
Bayer Leverkusen star Kai Havertz could leave the club at the end of the season, manager Peter Bosz told Sport Bild, via the Mirror, on Wednesday.

Liverpool-linked £81m-rated superstar could leave next summer – manager

Bayer Leverkusen star Kai Havertz could leave the club at the end of the season, manager Peter Bosz told Sport Bild, via the Mirror, on Wednesday.
Governor of Bayelsa State, Honourable Henry Seriake Dickson

Bayelsa guber: Governor Dickson is a habitual trickster, slanderer – APC

Ahead of the November 16 governorship election in Bayelsa State, the All Progressives Congress (APC) has dismissed as habitual deception and mudslinging an allegation by Governor Seriake Dickson that the party was about to form “a government of criminals and cultists” in the state.