Posts Tagged ‘Recession’

CBN Says It’ll Pursue Expansion Policies To Combat Recession

by Seun Adeuyion September 28, 2020
The Central Bank of Nigeria (CBN) will pursue expansionary monetary policies to combat recession because the fiscal policy was already constrained. Godwin Emefiele, Governor of CBN, who made this known said this was necessary to curb the rising inflation and address recession in the economy. According to him, this was part of the resolutions of […]

2019 budget: Atiku Does not Understand Meaning of Recession – Presidency

by Ikokwu Ikembaon December 28, 2018
The Presidency, yesterday, took a swipe at former Vice President and Presidential candidate of Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, over his comment that the 2019 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari is a flawed document. The Presidency said the criticism by PDP’s Presidential candidate on recession was an […]

Breaking: Nigeria Continues growth out of recession, GDP grows by 1.40% in Q3 2017

by Breaking Timeson November 20, 2017
Nigeria has seems to have consolidated her economic growth by adding yet another 1.40% GDP growth in the third quarter of 2017, the Nigerian Bureau of Statistics reports on monday. The nation’s Gross Domestic Product (GDP) grew in Q3 2017 by 1.40% (year-on-year) in real terms, the second consecutive positive growth since the emergence of […]

Buhari Blasts Governors: How can You Sleep without Paying Salaries?

by Breaking Timeson October 17, 2017
President Muhammadu Buhari on Tuesday expressed concern on the growing complaints and agitations by workers in states over unpaid salaries and allowances in spite of interventions by the Federal Government. The President made his feelings known when he received a group of governors led by the Chairman of the Nigerian Governors’ Forum, Abdul’Aziz Yari, at […]

Dangote Refinery, Set to be Africa’s Biggest, Takes Shape

by Breaking Timeson October 15, 2017
The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as it holds the prospect of stopping the importation of refined petroleum products by Nigeria. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products needs. […]

Good News: OPEC exempts Nigeria from Oil Production Cuts

by Breaking Timeson September 22, 2017
The growing stability in the global oil market may work to Nigeria’s advantage, as the Joint Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministerial Monitoring Committee, JMMC, on Friday extended the exemption granted the country over the output cut imposed on member countries in January 2017. PREMIUMTIMES reports that at its meeting in Vienna, […]