Posts Tagged ‘Economy’

Recession: You Have Failed, Allow Competent Hands To Manage Economy — PDP Tells Buhari, APC

By Seun Adeuyi The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari and the All Progressives Congress (APC) to accept their failure and allow competent, transparent and honest hands to effectively manage the mation’s economy, as that is the only way to save it from an imminent economic collapse. This was contained in a […]

Atiku Reacts As Nigeria’s Economy Slides Into Second Recession In 5 Years, Advises Buhari On What To Do

By Seun Adeuyi The data released by the National Bureau of Statistics (NBS), on Saturday, for Q3 2020 shows a dip of 3.62% in real GDP for Nigeria. This strongly confirms that the Nigerian economy has officially fallen into a second recession in five years, since 2016, when the economy contracted by 1.62%.  The decline in the GDP for Q3 2020 is not unconnected with low activities both at the domestic and international […]

JUST IN: Buhari Approves Transfer of NIMC To The Ministry Of Communications & Digital Economy

Nigeria’s President, Muhammadu Buhari has approved the transfer of the National Identity Management Commission (NIMC) to the Federal Ministry of Communications and Digital Economy, as part of strategic efforts to ensure that synergy and effective ministry supervisory mechanism is put in place to monitor and track the progress of Federal Government’s digital transformation initiatives. Buhari […]

JUST IN: Nigeria’s Economy Shrinks By 6.10% In 2nd Quarter — NBS Report

Nigeria’s economy shrank in the second quarter of this year as the Gross Domestic Product (GDP) fell by 6.10 per cent, the National Bureau of Statistics (NBS), in its GDP report for Q2 2020, said on Monday. This is happening for the first time in more than three years. According to the NBS, the decline […]

Reconditioning Of Debilitated Industries Will Boost Country’s Currency – Economic Expert

The Chief Executive Officer of Strategy Worth and Technology (SWAT), Mr Promise Amahah, who also is an economic expert has said that the refurbishing of debilitated industries and economic multiformity, will help make solid again the value of Naira amongst other currencies of the World. Economist Amahah, gave this disclosure when responding to questions from […]

Israel’s Economy Shrinks By Annualised Rate Of 7.1% In First Quarter Of 2020

The Israeli economy contracted in the first quarter of 2020 amid the coronavirus crisis, the largest decline in 20 years, at an annual rate of 7.1%, the Central Bureau of Statistics reported on Monday. The decline came when the Bank of Israel said it would keep its base rate unchanged at 0.1% in June, apparently […]