• Nigerian Youth Marries White ‘Grandmother’ to Escape Economic Recession (Photos)

    Nigerian Youth Marries White ‘Grandmother’ to Escape Economic Recession (Photos)

    As Nigeria plunges deeper into economic recession amidst the failure of President Muhammadu Buhari to surmount the crisis, Nigerian youths have been devising extreme measures to escape the scathing hardship. Please note photos are not real people

    The Photos above are just for demonstration. This unnamed Nigerian young man reported to be in his twenties recently in the month of October married his white lover who is visibly in her 60s.

    Rumours have it that the duo met on an international dating […]

  • Recession: EU advises Nigeria to devalue naira

    Recession: EU advises Nigeria to devalue naira

    European Union, EU, official Fillippo Amato has advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession.

    Amato, Counsellor, Head of Trade and Economics Section of EU, made this known in an interview with the News Agency of Nigeria (NAN) on Monday

    The EU official said that recession could not be addressed with traditional development tools.

    He said the recession was a recent development which was due to a number of factors, including the fall in […]

  • Revealed! How Much FG Spends To Drag Nigeria Out Of Recession

    Revealed! How Much FG Spends To Drag Nigeria Out Of Recession

    President Muhammadu Buhari said about 720.5 billion naira ($2.4 billion) has been spent on Nigeria to help drag the country’s economy out of recession.

    About 720.5 billion naira ($2.4 billion) has been spent on Nigeria as capital expenditure this year to help drag the country economy out of recession, President Muhammadu Buhari said.

    In a televised address to mark the nation’s 56th independence anniversary on Saturday, October 1, President Buhari said: “I believe that this recession will not last. Several hundreds of […]

  • Osinbajo: God revealed to me how Nigeria’ll overcome hard times

    Osinbajo: God revealed to me how Nigeria’ll overcome hard times

    Nigeria has gone forward and it is moving forward, Vice President Yemi Osinbajo declared yesterday.

    He also spoke on how God revealed to him how Nigeria would escape the hard times.

    He spoke during the thanksgiving service at the Olive Tree Parish of the Redeemed Christian Church of God (RCCG) in Lagos.

    The vice president asked the congregation if they knew that God made a promise to the nation which was that the nation would be great and made the same promise to […]

  • REVEALED: I warned Jonathan about recession, ‘reckless’ spending – Obasanjo

    REVEALED: I warned Jonathan about recession, ‘reckless’ spending – Obasanjo

    Former President Olusegun Obasanjo yesterday accused the immediate past president, Dr. Goodluck Jonathan of ignoring warnings about a looming recession and the consequences of the  ‘reckless’ spending of his government.

    He said in Abeokuta that two years ago when he saw signs that Nigeria was walking down the path of recession and the way the powers that be were expending the nation’s resources, he  drew Jonathan’s attention to the danger ahead, but was ignored.

    The former president spoke yesterday during a lecture […]

  • Recession: I Won’t Stop Blaming Jonathan, Others – Disappointed Buhari

    Recession: I Won’t Stop Blaming Jonathan, Others – Disappointed Buhari

    President Muhammadu Buhari has said that he would not stop blaming his predecessors, which include Goodluck Jonathan, Olusegun Obasanjo, among others.

    Speaking at an event tagged, “The Conversation: An evening with creative youths,” held inside the old Banquet Hall of the Presidential Villa, Abuja, Buhari said: “I am going to bore you with what we met. I know that I am being accused in the papers of passing the buck, but passing the buck is sometimes absolutely necessary to remind people […]

  • Tinubu: recession requires Nigerians’sacrifice

    Tinubu: recession requires Nigerians’sacrifice

    All Progressives Congress (APC) stalwart Asiwaju Bola Tinubu has said that Nigeria needs the sacrifice of all to overcome the prevailing economic recession.

    In a brief remark at the investiture of the Chartered Institute of Stockbrokerss (CIS’) President, Mr. Oluwaseyi Emmanuel Abe, the former Lagos State governor noted that Nigeria is blessed with both human and natural resources, which, properly harnessed, will take nation out of the recession.

    Tinubu spoke also on the significance of electricity in driving economic development, recalling how […]

  • Buhari urges private sector to join economic recovery battle

    Buhari urges private sector to join economic recovery battle

    President Muhammadu Buhari yesterday challenged private sector operators to take the lead in the battle to revive the economy saying they hold the key to its quick recovery.

    The president, who spoke at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, enjoined the private sector to work with the Federal Government towards taking the country out of recession.

    Noting that the government will rely heavily on the input of the private sector in its economic […]

  • Sports has potential to take Nigeria out of recession – Dalung

    Sports has potential to take Nigeria out of recession – Dalung

    Sports Minister, Solomon Dalung, has said that the sector has the capacity to move Nigeria out of the current recession.

    Speaking yesterday while receiving the Chief of Army Staff, Lt. Gen Tukur Buratai, who paid him a courtesy visit accompanied by members of the Central Organising Committee of the 16th Nigerian Army Sports Festival coming up on October 10 to 16, Dalung said sports “remains the only industry that can move Nigeria out of recession. It is only in sports that […]

  • Tinubu, Atiku, others proffer ways for economic recovery

    Tinubu, Atiku, others proffer ways for economic recovery

    Nigeria needs to tap into its enormous natural and human resources to redirect her economy away from dependence on oil revenue and create a broad economic base to harness it tax potential and domestic investments for sustainable growth.

    This was the submission of political and business leaders yesterday in Lagos at a lecture on “Nigeria’s economy: Growth the only imperative” held to mark the investiture of the president of the Chartered Institute of Stockbrokers (CIS), Mr. Oluwaseyi Abe.

    All Progressives Congress (APC) […]

  • Recession: Nigeria must develop tourism, other sectors – Ambode

    Recession: Nigeria must develop tourism, other sectors – Ambode

    As the current economic recession takes its toll on Nigerians, Lagos State Governor, Akinwunmi Ambode, on Tuesday said the period was one that offers a viable opportunity for Nigeria to harness the potentials of other critical sectors such as tourism to revive the ailing economy.

    The governor, who spoke at the National Tourism Conference held at the Eko Atlantic City (EAC), Lagos, in commemoration of the 2016 World Tourism Day, said the economic realities, was a wake-up call for the country […]