Tag: Recession

By SEGUN FATUASE The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Nigeria, noting the recovery of the...

President Muhammadu Buhari has justified the constant borrowing of loans, stating that the country’s debt profile is still within a sustainable level. Buhari justified his...

......Generates N1.54trillion in Two Years By Chibuike Nwabuko Abuja (Sundiata Post) - Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has said...

Manufacturers in Nigeria, in the last two years, 2019 to 2020, spent about N143.29 billion on alternative power supply, says the Manufacturers Association of...

Oando Plc joined the Nigerian Stock Exchange (NSE) top gainers with a 10 per cent increase in share price from N3.18 to N3.41 yesterday. The...

Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in...

The General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, says he bought his third jet during the raging COVID-19 pandemic which pushed...

The federal government has said that economic activities in Nigeria are recovering. This, the government said, is reflected by a reduced contraction of 3.6 percent...

By Chibuike Nwabuko Abuja (Sundiata Post) - The opposition Peoples Democratic Party has reacted to the announced hike in electricity tariff by the...

Legendary highlife and Afrobeat musician, Sunny Okosun in February 1983 sang a prophetic song with the above title. In the music, the Ozzidi  master...

By Chibuike Nwabuko Abuja (Sundiata Post) - Senate on Monday passed the N13.082trillion 2021 budget even as the red chamber uncovered a need for a...

By Chibuike Nwabuko Abuja (Sundiata Post) - President of the Senate, Ahmad Lawan, has said that the National Assembly would not accede to another...

The Peoples Democratic Party has asked the Independent National Electoral Commission to declare all legislative seats occupied by members of the All Progressives Congress...

The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights...

Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded...

At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all...

India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering a technical recession for...

The U.S. economy is losing steam as COVID-19 cases continue to spread across the country and Congress delays passing another coronavirus relief package to...

The number of Americans applying for jobless aid rose for the second week in a row, signaling the economic recovery is losing speed. Roughly 778,000...

The United kingdom is set to borrow £394 billion to deal with the economic impact of the coronavirus pandemic. This is the highest ever amount...