Tag Archives: Nigerian Economy

Fidelity Bank Releases Complete Footage of Alleged Customer Assault, Issues Statement

After a video footage went viral on Friday, in which a Fidelity Bank branch manager allegedly got the police to beat up two young men who were alleged to have complained a little too loudly about the poor customer service of the bank, Fidelity Bank has come out to release the full CCTV video footage of the event and…

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Nigeria Finally Exits Recession, Economy Records Growth

The Nigerian economy has officially exited a painful recession according to data released by the National Bureau of Statistics (NBS). Nigeria’s economy recorded a marginal 0.55 percent growth in the second quarter (Q2) of 2017 after recording negative growth for five consecutive quarters, following multiple shocks, due to the crash in the price of crude…

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Buhari’s Presidency Will Energize The Economy—Osinbajo

  The N500 billion Social Investment programmes of the Buhari presidency is a means to energize the economy and deal with issues of poverty in the country, according to Vice President Yemi Osinbajo, SAN. Speaking today while receiving a delegation of the Muslim Lawyers Association at the Presidential Villa, Prof. Osinbajo said the social investment…

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Economic Recovery: We’re Learning From The Diversification Of The Iranian Economy — President Buhari

President Muhammadu Buhari yesterday in Abuja said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period by understudying the experiences of countries like Iran who thrived in adversity. Receiving a Special Envoy from the President of Islamic Republic of Iran at the State House, Mohammad…

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Finance Minister Kemi Adeosun Says Nigeria Is In Recession

  Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate on Tuesday, during which a gloomy picture of the Nigerian economy was painted (read full report here), Minister of Finance, Kemi Adeosun on Thursday admitted that the country’s economy is indeed in recession. Appearing before the Senate, Adeosun who…

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CBN Paints Gloomy Picture of Nigeria’s Economy, Says FG Might Be Unable To Pay Salaries

The Nigerian economy might be in much worse shape than we thought. Following a closed door meeting between Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele and the Senate yesterday, a clearer picture of what the future holds in store for the economy was painted and it doesn’t look too good.  Below is a…

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We’re Working Hard To Restructure Nigeria’s Battered Economy – Buhari

President Muhammadu Buhari says his administration is working very hard to restructure the Nigerian economy, battered by several years of mismanagement. A statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, said Buhari stated this in Abuja on Monday while receiving the Chief Global CEO of Unilever, Mr Paul Polman.…

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FG Says It’s Willing To Inject N350bn Into The Economy To Revive It

  The Federal Government has revealed its intention to inject N350 billion into the economy in a bid to revive the ailing sectors, particularly by reclaiming the jobs of Nigerians who were once employed. This was revealed by Kemi Adeosun, Minister of Finance, as she addressed reporters at the end of the two-day national economic…

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