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recession

World Bank says Nigeria faces worst recession in 40 years 

  The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the...

Nigerians must learn lessons from recession - Enelamah

World Bank says Nigeria faces worst recession in 40 years 

  The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the...

IMF

IMF: Nigeria heading into its worst recession in over 30 years 

  The International Monetary Fund (IMF) has projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted...

Kristalina Georgieva

IMF warns of severe recession in 2020 due to coronavirus

  The International Monetary Fund is warning that 2020 could see a severe recession “at least as bad during the global financial crisis or worse,’’ even as...

CBN Governor, Godwin Emefiele.

Ban on 41 items eased Nigeria out of recession – Emefiele

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said the restriction of forex supply on 41 items including rice and toothpicks helped in lifting...

CBN asks importers to trade with yuan instead of dollar 

CBN says Nigeria’s exit from recession under threat

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting...

Lagarde-Christine

IMF says Nigeria vulnerable despite slow exit from recession

The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices. It added...

IMF

Nigeria vulnerable despite slow exit from recession -IMF

The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices. It added...

Nigeria records 2.38% GDP growth in Q4 2018 - NBS

Nigeria’s economy returns to growth in 2017 after recession -NBS

Nigeria returned to growth in 2017 after suffering its first recession in a generation the previous year, data released from the National Bureau of Statistics (NBS)...

Atiku-Abubaka

Atiku Abubakar: Likely Nigeria is still in recession 

Former Vice President Atiku Abubakar on Friday said it was doubtful whether Nigeria has indeed exited recession. Abubakar made this known in his keynote address while...

Nigerian-economy

IMF says Nigeria’s economy still vulnerable despite exiting recession 

By Patience Danjuma  The International Monetary Fund (IMF) on Friday said that in spite of Nigeria exiting the recession, the economy of the country was still...

Nigerians must learn lessons from recession - Enelamah

Nigerians must learn lessons from recession – Enelamah

By Patience Danjuma   Nigerians must use the hard lessons of the recent economic recession to build a sustainable economy based on diversification away from oil and the...