'Recession, Hyperinflation Likely In 2023'
The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening,...
IMF Says One-third Of World Economy Will Enter Recession
The International Monetary Fund (IMF) has warned of an impending recession that will hit one-third of the world in 2023.
The Managing Director, IMF, Kristalina Georgieva, disclosed this during an interview with CBS, an American broadcast television...
Two Recessions In Four Years Stalled Our Growth - Buhari
President Muhammadu Buhari has blamed the two recessions witnessed by the country in both 2016 and 2020 for the slow pace of growth in the economy.
The President said this while giving an overview of the...
Recession: Nigeria In Need Of Expansionary Economic Policy
By Abdulhaleem Ishaq Ringim
Recession is a function of a country’s Gross Domestic Product(GDP); which is defined as the cumulative value of all finished goods produced and services rendered in a country within a year(although usually calculated quarterly).
The...
CBN Battles Recession, Raises COVID-19 Facility To N300bn
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...
How We’re Tackling Recession – Fed Govt
The Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession.
Minister of Finance, Budget and National Planning, Zainab Ahmed, outlined these measures while speaking at the...
