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Business Nigeria Likely to Move Out of Recession Next Year - IMF
The International Monetary Fund has predicted that the Nigerian economy will move out of recession and grow by 0.6% in 2017. Nigeria’s real Gross Domestic Product is expected to increase marginally by 0.6% with Consumer Prices rising by 17.1%, according to IMF’s World Economic Outlook report...- ProfRem
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Business Nigeria Ranks 127th Out of 138 Nations in World Economic Forum Competitiveness Index
The Nigerian economy is one of the world’s least competitive, and currently ranks 127th out of 138 economies globally, a 2016-2017 report by the World Economic Forum, says. In the 2015-2016 edition of the Global Competitive Index, Nigeria ranked 124th out of 140 countries. The latest ranking...- ProfRem
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Politics If Jonathan is Still in Power, Nigerians Would Be Refugees By Now – Segun Oni
Engr. Segun Oni, former governor of Ekiti State and Deputy national chairman (South) of the All Progressives Congress APC has criticized the administration of ex-President Goodluck Jonathan for causing depression and economic recession. Engr Oni said this i an interview with Vanguard Newspaper...- ProfRem
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Politics 4 Pressing Issues President Buhari Will Discuss With Obama Next Tuesday
President Muhammadu Buhari will participate in the 71st Session of the United Nations General Assembly (UNGA) from September 19-23, 2016 in New York, United States. The President will deliver Nigeria’s statement at the opening of the General Debate of the Assembly, on the theme: The Sustainable...- ProfRem
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Politics President Buhari Should Stop Reading Newspaper Cartoons and Face The Economy - Fayose
President Muhammadu Buhari Should Face Nigeria's Economy, Stop Reading Newspaper Cartoons - Fayose Governor Fayose said this in a statement released by his media adviser, Lere Olayinka on Wednesday. He said: "This is the worst time for parents whose children and wards will be going back to...- ProfRem
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Business Presidency Explains Why Nigerian Economy Shrank By 2.1%
Nigeria's Vice president, Prof. Yemi Osinbajo has reacted to the just released GDP figures for the 2016 second quarter by the National Bureau of Statistics. The vice president confirmed a temporary decline, saying it also indicated an hopeful expectation in the country's economic trajectory. A...- ProfRem
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Politics “Naira At 380, No Single Road Tarred, Herdsmen Killer”, Ex-Minister Blasts Buhari
A former minister, and the current chairman of the Peoples Democratic Party in Plateau State, Damishi Sango, has blasted President Muhammadu Buhari for his approach to governance, saying his policies are “dictatorial” in nature. Mr. Sango said the level of hardship under the current...- ProfRem
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Business Kemi Adeosun Confesses, 'Nigeria is Technically in Recession'
Minister of Finance, Kemi Adeosun, today at the hallowed Chamber of the National Assembly confessed to the senators that Nigeria is indeed “technically” in a recession. Adeosun said this while fielding quwstions from senators about the Nigerian economy. While fielding questions from senators...- ProfRem
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Business Kemi Adeosun Narrates How Past Governments Killed Nigerian Economy
The red chamber of the National Assembly was today thrown into rancor by the Minister of Finance when fielding questions from on the economic state of the country. Reacting to a question, the minister re-emphasized that the past governments have successfully killed the country’s economy right...- ProfRem
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Business Nigeria: Revenue Slumps, Naira On Free Fall, Buhari's 2016 Budget Short-Changed
Failure of President Muhammadu Buhari led federal government to meet revenue targets for the first and second quarters, persistent oil production shut-in from militancy and foreign exchange supply challenges have renewed concerns on the feasibility of the 2016 budget. The problems have also...- ProfRem
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Business Nigeria's Economic, Business and Financial Headlines – Things You Need To Know [15/07/16]
Here are today's current and latest business and financial headlines in Nigeria Nigerian Breweries Reports Q2 2016 Results; PBT Declines by 36% YoY -The NSE, yesterday, published Nigerian Breweries’ (NB) Q2 2016 results which showed that PAT of N8.6bn fell by -24% y/y. Although sales of N79.8bn...- ProfRem
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Business Nigeria's Economy is Sliding, President Buhari is Chasing Rats – Dino Melaye
The Nigerian Senate, today, deliberated on the alleged forgery of their standing order for which Senate president Bukola Saraki and his deputy, Ike Ekwermadu, are to be arraigned for next week Monday June 27th. The senate has resolved to mandate their judiciary committee to summon the Attorney...- ProfRem
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Business Nigeria: IMF List Solutions to Economies Woes
IMF Executive directors have welcomed the Nigeria’s policy agenda and suggested the following as utmost solutions to the lingering economic crisis in the country. - Enhancement of transparency, strengthening governance, improving security, and creating jobs - The critical need to raise non oil...- ProfRem
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Business Nigeria: 6 Simple Ways To Survive In This Harsh Economy
Our nation is on a collision course with financial calamity. Nigeria’s national debt is at historic high levels, and we are running deficits that cannot be maintained without eventually bankrupting our nation. The question at hand is how we can survive the economic hardship, NigerianBulletin...- ProfRem
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