South Africa Enters Recession, Again Nigeria Emerges Africa’s Biggest Economy   Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of...

$25bn FDI Boosted Nigeria’s Economy After 2018 Recession – FG   The Federal Government has said the $25bn Foreign Direct Investment inflow boosted the economy after the nation exited recession in 2018. It explained that Nigerians in the diaspora, who accounted for the highest net contribution to...

In 3months, South Africa Exits Recession Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy grew by more than expected in the third quarter. The positive data was a boost for President Cyril...

Emefiele: Restricting Forex On 41 Imported Items Salvaged Us From Recession   The Central Bank of Nigeria on Wednesday said that its decision to restrict foreign exchange for importation of 41 items and other complementary policies were effective in bringing the country’s economy out of recession. It...

Nigeria Exits Recession and Looks Beyond Oil-IMF Nigeria’s economy is picking up according to International Monetary Fund’s (IMF) latest economic review. According to IMF, growth hit 0.8 percent in 2017 after contracting by 1.6 percent in 2016. The report attributes the increase—in part—to the recent...

Workers in the country will not allow the governments at all levels to make them sacrificial lambs of the current economic recession, president of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba has said. In his New Year message, Wabba said the present minimum wage...