Key sectors that plunged S’Africa into recession
Fresh details have emerged indicating that the key sectors of the South African economy that had issues leading to the second recession in two years include Agriculture, Transport, Construction, Power and Retail services. Figures from Statistics South Africa (Stats SA)…
MDAs still under recession due to bureaucracy in getting operating funds—BHIU
In August 2016, Nigeria slipped into recession, with the latest growth figures showing the economy contracted 2.06% between April and June. Otherwise, the country saw two consecutive quarters of declining growth, the usual definition of recession. Though the Nigerian Bureau…
Fading capital import, fleeing stock investors responding to election fever—Expert
Development economist, Dr. Ken Igboanugo has traced rising drop in capital imports to shocks emanating from fear-laden build up to 2019 elections. He said due to fears already built into the minds of portfolio foreign investors, there has been a…
Recession exit still shaky as balance sheet remains exposed to shocks – Moody’s
Leading global rating agencies, Moody’s Investors Service, has released its annual credit analysis report, stating that Nigeria’s ‘B2 stable’ credit profile was constrained by the continued exposure of the sovereign balance sheet to shocks, weak institutions and elevated deficits. It…
Data from one quarter not enough to declare out of recession—Dev. Economist
Leading Abuja based Development Economist and economy analyst, Mr. Odilim Enwegbara, has reacted to the use of data from just one quarter by the National Bureau of Statistics (NBS) to declare Nigeria is out of recession. In an interview, he…
Onovo queries if it’s right to call 0.55 rise in GDP, a growth in economy?
Petroleum engineer, public affairs analysts and former presidential candidate of National Conscience Party (NCP) during the 2015 general elections, Chief Martins Onovo has taken a swipe on the claims by the National Bureau of Statistics (NBS) that Nigeria exited recession…
Governors’ believe in Nigeria’s exit from recession toes party lines
A sharp division between governors from the ruling All Progressive Congress (APC) and key opposition party, the People’s Democratic Party (PDP) on the trending issue of Nigeria’s announced exit from economic recession has been observed. Whereas Kaduna State Governor, Mallam…
More excitements as Nigeria narrowly gets off the hook of recession, but…
It was joyous moment amongst federal lawmakers and other financial experts as the nation’s economy was declared out of recession on Tuesday by the data rolled out by the National Bureau of Statistics (NBS). With the report, Gross Domestic Product…
Analysts’ upbeat on way-out of recession as NBS releases Q2 GDP Tuesday
A clear view of the real state of the Nigerian economy will be presented by the National Bureau of Statistics (NBS) on Tuesday. The data will dwell on the Gross Domestic Product (GDP) growth rate for the second quarter and…
Recession: Nigeria attends technical recovery, to exit fully in 2018—- Kale, NBS boss
Without giving a definite time frame, Statistician General of the Federation, and head of the National Bureau of Statistics (NBS), Dr. Yemi Kale has averred that all things being equal, Nigeria will be out of recession in 2018. Before now,…
