recession

Risk on flows continue in the market but investors are also pilling into traditionally defensive sectors as US recession risks compound.

The dollar continued to strengthen on strong US economic data today. The resultant effect was felt across board and the narratives highlighted in some of our previous articles were in line with this. EURUSD -0.86% S&P500…

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed has attributed the recent exit of the nation from recession to diversification efforts of the Buhari led administration, saying such measures had started yielding…

 The Federal Government (FG) has said that the Nigerian economy is out of recession with 0.11 per cent Gross Domestic Product (GDP) recorded in the last quarter of 2020. The Minister of State, Budget and Economic Planning, Mr Clem…

The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has said that the decision to open the land borders is an important strategic move that will help the nation to exit recession by the first…

The Governor of Central Bank (CBN), Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021. He also projected a GDP growth of 2.0 percent in 2021. Emefiele…

Minister of Information, Lai Mohammed has made wild claims concerning the well-being of Nigeria's economy despite recession. Meanwhile, figures released by the National Bureau of Statistics (NBS) on Nov 21 showed that the…

As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global downturn caused by the COVID-19 pandemic. He said this on Monday in Abuja,…

Financial analysts on Monday offered advice to the government on ways to boost the economy, which has slipped into recession. The National Bureau of Statistics (NBS) had, in its Gross Domestic Product (GDP) report for…

The People's Democratic Party (PDP) has told Nigerians to hold President Buhari's administration responsible for the hardship experienced in all parts of the country. The Herald on Saturday reported that Nigeria officially entered into…

‘Why always Buhari?’ As it was in 1984 under General Buhari, so it is in 2016 and 2020 under President Buhari? Is it by the unfortunate hands of kismet, that recession hits Nigeria every time Buhari takes charge of the…

Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.…

Mr Johnson Chukwu, Managing Director of Cowry Asset Management Limited on Thursday said his hope was that the 2021 budget would pull Nigeria out of the recession that was likely. Chukwu spoke with the News Agency of Nigeria (NAN) in…

Singapore’s central bank on Monday said that the country’s economy, the wealthiest per-capita in South East Asia, could shrink by 6 per cent in 2020. SEE ALSO: Asian Stocks Backtrack As New Coronavirus Cases Threatens Economic Reopening…

Australia has officially fallen into its first recession in 29 years with the biggest fall in Gross Domestic Product (GDP) on record. According to national accounts data published by the Australian Bureau of Statistics (ABS) on Wednesday…

The Minister of Finance, Mrs Zainab Ahmed, says unless Nigeria achieves a very strong third quarter 2020 economic performance, the country can slide into recession Ahmed issued the warning at the opening of a five-Day interactive session …

The United Kingdom has officially entered recession for the first time in 11 years due to the coronavirus pandemic. Britain officially entered recession, with data set showing a collapse of around 20 percent of gross domestic product in…

The Federal Government on Friday declared that Nigeria is heading towards another recession in the fourth quarter of this year 2020. According to the Government, research has shown that the country's Gross Domestic Product(GDP) for the…

The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s. SEE ALSO: Dow Jones Treads Water As Virus Cases Rise;…

The European Central Bank (ECB) could take its first steps on Thursday towards beefing up its monetary stimulus action plan, as a recession unleashed by the coronavirus crisis engulfs the eurozone. SEE ALSO: Naira Overvalued, Real Exchange…

Finance Minister Olaf Scholz said he expected Germany to escape recession, pointing to a subdued but upward trend in its and Europe’s economies. With the risk of trade conflicts and Britain’s looming European Union exit as a backdrop,…

The Central Bank of Nigeria (CBN) has warned that Nigeria could find herself back in a recession if current trends continue. The Monetary Policy Committee, an arm of the CBN, said that if Nigeria doesn't take steps to implement the 2018…

In what seems like a plot from a  classic godfather movie, several reports have emerged that Nigerian lawmakers have discovered something against the finance minister Kemi Adeosun which the leaders of the National Assembly have been using…

Recession's come and go and it is not a matter of if there will be another recession it is a matter of when. Here is a handy guide by Valencia Higuera which would help you combat the recession: A recession is like a…