... Seeking the Truth in Facts
Leke Baiyewu, Abuja The Federal Government has said there is likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four years. The government said the COVID-19 pandemic resulting in crash of global oil prices among Read More …
Nigeria’s former Finance Minister, Okonjo-Iweala, has warned that recession and difficult times are ahead amid the coronavirus pandemic. Iweala said this during an interview on Channels TV. She urged the Buhari-led government and other African countries to diversify the economy and look for other means Read More …
John Ameh, Abuja The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as possible. The council, which is chaired by Prof Doyin Salami, met with the President, Major General Muhammadu Buhari Read More …
Recession looms, say LCCI, PENGASSAN, NUPENG Operators canvass deregulation, economic policy review Okechukwu Nnodim Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected earnings accruable to the country in six months. Read More …
Recession-plagued South Africa is looking the way of Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala to chair an economic think tank that will deliver it from its current austerity to economic stability. President Cyril Ramaphosa reportedly named Mrs Okonjo-Iweala head of the country’s Economic Advisory Council Read More …
By Dele Sobowale The first part of this series ended abruptly last week on account of space constraints. Pardon me if the last paragraph is repeated fully. Otherwise what follows might not make sense. FIRST, the farm workers who in the 1940s to 1970, made Read More …
Dele Sobowale EVEN the village idiot now knows that Nigeria is an unhappy country falling every day. Suddenly, no economic index is favourable. Unemployment is high and getting worse. Exchange rate has remained stubbornly high; prices of goods are rising; external reserves are dwindling; Excess Read More …
Crude oil prices tumbled further in early trading on Thursday, after a brief stabilisation overnight crumbled under a new wave of recession fears. The international oil benchmark, Brent crude, was down $1.09 or 1.8 per cent to $58.39 per barrel, according to Investing.com. By 8:45 Read More …