A former spokesperson for the Atiku Abubakar campaign in 2023, Daniel Bwala, asked Labour Party Presidential Candidate Peter Obi to explain why the United Kingdom (UK)…
Browsing: recession
Official numbers show that the United Kingdom’s economy entered a recession in the latter three months of last year. The Office for National Statistics reported that…
An economic downturn, known as a recession, is when the GDP declines steadily for two or more consecutive quarters, a reality associated with less to nill…
The World Bank has admitted Nigeria moved out of last year’s recession faster than expected. The bank, in its newly released Africa’s Pulse report, admitted that…
It appears the Q1 pledge of President Muhammadu Buhari’s government has been achieved. Official figures released from the Nigeria Bureau of Statistics shows Nigeria has exited…
Nigeria’s economy has technically exited the recession as the economy grew by 0.11 per cent in the fourth quarter of the year. However, cumulatively in 2020, the economy contracted by 1.92 per cent.
Nigeria faces a second recession in five years, and its worst in 33 years. Citizens have blamed the government and the government has blamed a global…
Nigeria’s monetary and fiscal policymakers face enormous challenges as the country stares a looming technical recession in the face just three years after the last downturn…
Data from Nigeria’s National Bureau of Statistics, NBS indicates that the country’s economy experienced some growth at the beginning of the year- growing by 1.87% year-in-year…
Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of December, its highest quarterly growth since a 2016…