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9 stories tagged recession.
Britain’s economy rebounded in January, official data showed Friday after it narrowly avoided recession in the fourth quarter despite soaring inflation. The gross domestic product grew 0.3 per cent, the Office for…
Here is the full text of President Muhammadu Buhari's 2022 Budget presentation to the National Assembly: 1. It is my great pleasure to be here once again to present the 2022 Federal Budget Proposals to this…
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on Friday. The report, titled ‘2020 NNPC Annual Performance Review’, was developed by…
New reports have revealed that the COVID-19 measures put in place in the United Kingdom have officially pushed its economy into recession. This marks the nation’s first recession in 11 years and the economy shrank 20.4%…
Nigeria is heading for another recession in the fourth quarter of this year, the Federal Government declared on Friday. According to the government, findings showed that the country’s Gross Domestic Product for the…
Hong Kong is now facing a recession as a result of the anti-government protests that have gone on for 5 months. The massive demonstrations reached a fever pitch during the weekend with protesters dressed in black and…
Iyabo Obasanjo writes: I am a terminal optimist; ‘a believer’ in Nigeria’s future greatness, that is why three years ago, I would not have believed a bag of rice could be sold for the national minimum wage. With 87…
Barely 24 hours after President Muhammadu Buhari showered praise on his predecessor, Dr Goodluck Jonathan, for handing over power to him peacefully in 2015, the Presidency on Thursday attacked Jonathan over his position…
In another boost to the Nigerian economy, the board of the African Development Bank (AfDB) has approved the sum of $600 million to support the Nigerian economy. This was revealed by the President of AfDB, Dr. Akinwumi…
