Tag: recession
Inflation exceeds World Bank’s projection by 20%
Nigeria’s inflation has risen by 20 per cent above the World Bank’s projection of 15.5 per cent. This is despite raising its Monetary Policy...
Ukraine invasion: Global countries may slip into recession- World Bank
The World Bank has warned that countries around the world are facing recession as the Ukraine war hits economies already devastated by the Covid...
Economy still weak despite exit from recession, Tinubu says
All Progressives Congress chieftain, Bola Tinubu, has stated that despite Nigeria's exit from recession, the country’s economy remains weak.
Tinubu stated this in Kaduna on...
Nigeria sneaks out of recession with 0.11% GDP growth in Q4...
By Francis Ogwo
The economy of Nigeria’s bounced back in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew...
Economic Recovery: Nigeria to get World Bank’s $1.5billion Loan
By Francis Ogwo
As a move towards helping Nigeria recover from its current recession and the downturn posed on its economy by the novel COVID-19,...
‘Nigeria’s economy to exit recession in first quarter of 2021’ –...
By Francis Ogwo
The Central Bank of Nigeria (CBN) has predicted an end to Nigeria’s current recession in the first quarter of 2021 with a...