The country needs $15bn from asset sales and borrowing to revive the slumping economy and boost foreign reserves, according to Africa’s richest man, Aliko Dangote.
Dangote said in a Bloomberg TV interview at the US-Africa Business Forum in New York, “Through sales of assets, through...
A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown.
It was similarly gathered that most of the banks would lay off...
By Shittu Yunus Shittu
Before the recent Islamic celebration of Eid-Kabir, many Muslims were quite apprehensive on how they could celebrate the occasion in view of the economic recession in the country. The situation was so alarming that some Islamic scholars had to intervene with...
In recent times, Nigerian economy has found itself in a trouble waters. This may be occasioned by the devaluation of naira particularly owing to the fall of the price of crude oil at the international market which is the major source of revenue for...
For better, for worse, we are in interesting (economic) times in Nigeria! Since the published Quarterly macroeconomic Accounts (QNA) of National Bureau of Statistics (NBS) last week the bagful of economic star-words can lead to recovery assuming it’s all about talking the crisis. QNA...
...Labour demands wage increase, prompt payment of salary
As the economic recession bites harder, spelling acute hardship for Nigerians, the Central Bank of Nigeria (CBN) sunday sought to downplay rising worries over their wellbeing and asked the people to be calm as the economy would...
