• We may soon experience civil war because of recession -Aregbesola

    We may soon experience civil war because of recession -Aregbesola

    Governor Rauf Aregbesola of Osun state, has lamented the alarming rate of the current economic recession, adding that if the right measures are not taken by government and the people, Nigeria may soon slip into civil war.

    The governor made this comments in a media chat with newsmen at the weekend, and noted that it is not only government, but Nigerians also had a lot of proactive roles to play in reducing the dehumanising effects of the recession.

    While suggesting strategies the […]

  • Falcons bonuses ; FG blames recession for non-payment

    Falcons bonuses ; FG blames recession for non-payment

    The Federal Executive Council (FEC) yesterday waded into the embarrasing episode of non-payment of the Super Falcons players’ match bonuses.

    The bonuses are due to the female players after they won the African Women Nations Cup in Cameroon at the weekend, but the FEC discussed the matter at its meeting chaired by President Muhammadu Buhari and blamed the failure to pay the ladies on the prevailing “biting economic situation”.

    Reports emerged that the players refused to vacate their hotel rooms in Abuja […]

  • Tips to managing your new business in the current economic recession

    Tips to managing your new business in the current economic recession

    With the current economic challenges facing many Nigerians, many new businesses are folding up rapidly, some due to genuine lack of funds, others due to poor financial management. Money will always be a huge challenge for any entrepreneur who owns a new business. It is never enough. So, as a new business owner, there are some money mistakes you should not commit no matter the kind of business you are engaged in. If this happens, you will discover that you […]

  • Orji Kalu suggests road-map to end recession

    Orji Kalu suggests road-map to end recession

    Former governor of Abia State, Dr. Orji Uzor Kalu, has advised Nigeria to be fully committed to the growth of agriculture as an alternative to oil, if the country must overcome recession and food short.

    Kalu said this while speaking as a guest lecturer during the 43rd convocation lecture of the Federal College of Agriculture, Ishiagu, Ebonyi State, Kalu, who spoke on the topic: “Sustainable Agriculture: A Credible Alternative for National Development,” said the country must stop paying lip service to the […]

  • Dangote Pledges To Help Nigeria Out Of Economic Recession

    Dangote Pledges To Help Nigeria Out Of Economic Recession

    Dangote Group has pledged to support the Federal Government and Kano State in exploring key sectors of the economy to cushion the effect of the recession among Nigerians.

    The Group said in a statement on Monday in Abuja that it would explore opportunities opening up in agriculture, mining and infrastructure through partnership with the levels of government.

    An Executive Director of the Group, Hajiya Halima Dangote, made the pledge at the Dangote Special Day ceremony at the Kano International Trade Fair in […]

  • Emir Sanusi Reveals The Only Three Policies That Can Take Nigeria Out of Recession

    Emir Sanusi Reveals The Only Three Policies That Can Take Nigeria Out of Recession

    Emir of Kano, Muhammadu Sanusi II, has stated for yet another time the three sure steps that would take Nigeria out of its current economic situation.

    Sanusi spoke at the 42nd convocation of the University of Benin, Edo State.

    He urged Nigerians not to use God as an excuse for failure, adding that one “must not attribute to God that which God has left for us.”

    He identified the three steps as putting up the right monetary, fiscal and structural policies to address […]

  • Prayers won’t take Nigeria out of recession, says Fashola

    Prayers won’t take Nigeria out of recession, says Fashola

    Babatunde Fashola, SAN, the Minister of Power, Works and Housing,has advocated the need for Nigeria to develop its own plan capable of effectively tackling the ongoing economic downturn in the country.

    Fashola, who spoke while delivering a lecture on “Freedom from Fear, Choices before the New Generation” to mark the 42nd convocation of the University of Benin, Edo State, said that Nigerians must overcome their fears and use their natural resources to create solutions and improve their lives.

    While addressing the graduating […]

  • Gowon blames current recession on lifestyle of elites

    Gowon blames current recession on lifestyle of elites

    Nigeria’s former military Head of State,  Gen. Yakubu Gowon, has asked Nigerians to support the efforts of the Federal Government to address the economic problems confronting the country.

    Gowon made the call on Thursday in Abuja at the 2016 Annual Lecture/Gold Annual Award organised by the Centre for Democratic Governance in Africa (CDGA).

    The theme of the lecture was “Global recession as it affects good governance: Need for proactive Action –Nigeria as a case study.’’

    Mr. Gowon, who chaired the occasion and was […]

  • Having Polytechnic graduate as Finance Minister is begging for recession – Reno Omokri

    Having Polytechnic graduate as Finance Minister is begging for recession – Reno Omokri

    Former Special Assistant to ex-President, Goodluck Jonathan on New Media, Reno Omokri, has said the country is going through recession because of those President Buhari appointed to form his cabinet.

    He blamed the president for appointing ministers who are not worthy of the position, saying instead of concentrating more on the business of governance, Buhari is more committed to reading and watching cartoons.

    Omokri, on his Facebook page wrote: “When you have someone who graduated with a BSc from a polytechnic (University […]

  • Naira gets weaker as recession deepens while CBN maintains monetary policy

    Naira gets weaker as recession deepens while CBN maintains monetary policy

    Tuesday saw the naira weakening against the dollar, few hours after the CBN maintained its benchmark interest rate at 14 per cent, and endorsed the crackdown on parallel market traders by security operatives.

    It lost N5 to exchange at N470 to the dollar at the parallel market from N465 it traded on Monday, while the Pound Sterling and the Euro closed at N565 and N495, respectively.

    At the Bureau De Change window, the naira was sold at N390, CBN controlled rate, while the Pound […]

  • Monetary policy rate to remain at 14 per cent despite recession -CBN

    Monetary policy rate to remain at 14 per cent despite recession -CBN

    The CBN Governor, Mr. Godwin Emefiele, has announced the decision of the Monetary Policy Committee of the Central Bank of Nigeria committee to leave the Monetary Policy Rate unchanged at 14 per cent.

    At the end of a two-day meeting held at the apex bank’s headquarters in Abuja, Emefiele explained that all the 10 members that attended the meeting agreed to maintain the current monetary policy stance.

    Apart from the MPR which was retained at 14 per cent, the governor said the committee also […]