2017 Budget: Early Passage Will Mark The End Of Economic Recession
The National Chairman of United Progressive Party (UPP), Chief Chikwas Okorie, says early passage of the 2017 budget of N7.2 trillion by the national assembly will end the economic recession in Nigeria. Okorie made the assertion when he visited, Chief Ralph Uwazuruike, the leader of Movement for the Actualization... Read more
Economic Recession: FG Owes Jonathan, Obasanjo, Shagari, Others 10-Month Allowances
The Federal Government has said it is owing former Presidents and ex-Heads of State including Goodluck Jonathan, Olusegun Obasanjo and Shehu Shagari allowances since January this year. This was made know on Thursday when the members of the Senate Committee of Federal Character and Intergovernmental Affairs, led by Senator... Read more
Reps Take Delivery Of N3.6bn Exotic Cars Amid Nigeria’s Current Economic Recession
The delivery of 360 exotic cars to members of the House of Representatives has begun amid the economic downturn in the country. Investigations revealed on Sunday that 28 units of the Peugeot 508 series had already been delivered to lawmakers in Abuja. The 28 were among the first batch... Read more
CBN, Fiscal Authorities Meet On Economic Recession
Faced with a recessive economy, the Central Bank of Nigeria and the fiscal authorities are  meeting to restrategise on how to take the economy out of the economic doldrums. The two-day meeting began in Abuja on Thursday under the auspices of the Fiscal Liquidity Assessment Committee. The FLAC is an... Read more
Economic Recession: Buhari Seeks National Assembly’s Approval For $29.96bn Loan
President Muhammadu Buhari has asked the National Assembly to approve his administration’s external borrowing plan of $29.96bn for the execution of key programmes and infrastructural projects across the country. The sum, if approved, will be spent on projects in this year’s budget and up till 2018. The President also... Read more
Economic Recession: ‘Reps Prepared For Buhari’
The House of Representatives said on Monday that lawmakers were awaiting President Muhammadu Buhari’s response to the National Assembly’s invitation to address them on the state of the economy. The country is “technically in recession,” a development that forced both chambers of the National Assembly to invite the President... Read more
Nigeria’s Current Economic Recession, A Result Of Military Interference In Governance – Akande
The former Interim Chairman of the All Progressives Congress, Chief Bisi Akande, has blamed the current economic crisis in the country on the military incursion into politics and governance which he said entrenched a  culture of laziness, corruption and lawlessness. Akande said this in a speech he delivered on... Read more
Economic Recession: National Assembly Invites Buhari
The National Assembly has passed a motion to invite President Muhammadu Buhari to address the legislature on efforts being made by his administration to on the current economic recession. The Senate passed the motion on Thursday in concurrence with the House of Representatives. Read more
‘Economic Recession Has Affected Teachers’ Performance’
The Nigeria Union of Teachers on Wednesday said the economic recession in the country is now having negative effects on the welfare and performance of teachers in Niger State. The state chairman of the NUT, Comrade Ibrahim Umar, on the occasion of this year’s World Teachers’ Day in Minna,... Read more
Economic Recession: Nigeria’s Interest Rate, ‘Way Too High’ – AfDB
The African Development Bank will help Nigeria to overcome its recession, but the country should increase taxes and lift hard currency curbs to ease the dollar shortages choking the economy, its president said. The bank’s boss and former Nigerian agriculture minister, Akinwumi Adesina, said in an interview late on... Read more