Shrinking Of Economy: Experts Warn Of Mass Poverty, Predict Recession In Q3     The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, has said that the Nigerian economy will slide into a technical recession in the third quarter of 2020. Rewane who spoke with one of our...

UK Recession To Affect Nigeria’s Bilateral Trade     The United Kingdom (UK) economy has officially entered a recession for the first time in 11 years with financial experts saying the recession will certainly have negative impacts on bilateral trade between Nigeria and the United Kingdom. Financial Analyst...

Second Recession In Four Years Looms, Says Fed Govt     The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four years. The government said the COVID-19 pandemic resulting in crash of...

Experts Fear Downturn In Nigeria As UK Enters Recession     The current recession in the United Kingdom will have a negative effect on bilateral trade between Nigeria and the UK as both countries will count their losses during the period. Nigerian Country Director, Nigerian London Business Forum,...

Nigeria Faces Worst Recession In 40 Years - World Bank     The collapse in oil prices resulting from COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, the World Bank has said. The bank stated this in...

We’ll Steer Nigeria Away From Recession - CBN   The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19. It said this was in spite...