How wrong policies threw economy into recession by OYETUNJI ABIOYE

It is a tale of hunger, anguish, mass job losses, low purchasing power, factory closures and bankruptcy as Nigeria battles with its arguably worst ever recession. OYETUNJI ABIOYE examines major economic policy timelines and reports that the gruelling recession was avoidable Mr. Shola Adekunle was living a good life until June this year when he […]

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Nigeria may slide into recession – FDC

Nigeria’s economy is decelerating at an alarming clip, increasing the risk of a recession by year end, as leading economic indicators flash red warning signals. Africa’s largest economy expanded by 2.35 percent in the second quarter (Q2) of 2015, down from the 3.96 percent recorded in the first quarter. Research firm, Financial Derivatives Company (FDC) […]

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