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Recession: We’ll Employ Every Means to Recover – CBN

The Central Bank of Nigeria (CBN) has said that it would employ every indispensable means whether conventional or otherwise to ensure that the Nigerian economy flourishes, stressing that the bank’s policies are appropriate to set the economy on the right part of development in...

Recession Bites Harder as Inflation Jumps to 17.1%

…As FG Projects better economic outlook for 2nd Half of 2016 Reports reaching Economic Confidential from the National Bureau of Statistics (NBS) indicates that Consumer Price Index (CPI) has risen to 17.1 per cent in July from 16.5 per cent in June. In the latest data...

Mixed Feelings As Recession Bites Harder

It is rainy day for the economy! The Minister of Finance, Mrs. Kemi Adeosun officially confirmed to Nigerians last month what economic experts have been hinting at since early this year, that the Nigerian economy is in recession after three straight quarters of negative...

Buhari’s Administration Met Economic Recession – Ngige

MINISTER of Labour and Employment, Senator Chris Nwabueze Ngige has said that the President Muhammadu Buhari-led All Progressives Congress, APC, on assumption of office a year ago met economic recession which has affected its programmes. Senator Ngige who disclosed this in his text to mark...