nigeria’s economy

Richest man in Africa and Chairman, Dangote Group, Alhaji Aliko Dangote has lost $5.4 billlion of his net-worth since this year.This was contained in data obtained, Wednesday, from Bloomberg Billionaires Index.This drop was caused…

The Federal Government has spoken up about reports indicating that Nigeria is officially in a recession.National Bureau of Statistics, NBS, disclosed that the country’s Gross Domestic Product, GDP, in real terms, declined by 2.06 per…

Stanbic IBTC has spoken about Nigeria’s economic crisis, stating that unlocking the full potentials of Nigeria’s Small and Medium Scale Enterprises (SMEs) segment will boost the economy.This was the key takeout from the Stanbic IBTC…

Atiku Abubakar, former vice president, has spoken up about the current economic hardship plaguing Nigeria.Atiku said the current economic challenges facing the country and its youth will be surmounted.In his note to Nigerian youth…

Minister of Finance, Kemi Adeosun, says Nigeria, has no choice but to borrow to fund the 2016 budget.Speaking at a town hall meeting in Abuja, Adeosun said the federal government is very conscious and conservative about its borrowing,…

Minister of Information and Culture, Alhaji Lai Mohammed, has blamed the current economic hardship facing the nation on the failure by past governments to save for a rainy day.Lai Mohammed stated this at the opening ceremony of the…

The Deputy President of the Pentecostal Fellowship of Nigeria (PFN), Pastor Paul Adefarasin has said that the country’s economy is in prison and it must be released.He stated this in a recent programme, tagged; Nigeria Prays, which was…

President Muhammadu Buhari has spoken up about Nigeria's current economic situation, stating that Nigeria is learning the hard way.The president maintained that his government was working persistently to ameliorate the challenges faced…

An economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place by President Muhammadu Buhari.Aigbokhan, the President, Nigeria Economic…

Following the recent damning prediction by the International Monetary Fund (IMF) that the Nigerian economy will shrink this year, Bloomberg has reported that President Muhammadu Buhari's economy plans are inadequate to save the nation from…

Minister of Information and Culture, Lai Mohammed  has  said that the Federal Government is very focused on the economy and has a clear economic plan to transform the country.The Minister also described those who accuse the government…

President Muhammadu Buhari has opened about Nigeria’s economic crisis, stating that the nation is managing to survive following the current economic downturn, largely caused by the dwindling international oil prices.Buhari made this…

Nigeria’s economy will probably contract this year as energy shortages and the delayed budget weigh on output, according to the International Monetary Fund.“I think there is a high likelihood that the year 2016 as a whole will be a…

THERE have been numerous studies and debates around the world as to how much influence presidents have on the economy but regardless of the outcome of such studies and the differing views in the debates, the stark reality is that President…