All the things that should worry you about Nigeria — according to the UN

Recession: Dino Melaye wants Udoma, Adeosun, Emefiele sacked

The Chairman Senate Committee on Federal Capital Territory, Dino Melaye on Sunday called for the sack of the Minister of Finance, Kemi Adeosun; Minister of Budget and National Planning, Senator Udo Udoma; and the Governor of the Central bank of Nigeria, Godwin Emefiele over the country’s economic situation. In a statement, Melaye said the trio of... Read More

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dino melaye, Economic recession, Godwin Emefiele, kemi Adeosun, recession, Senator Udo Udoma

Simon Kolawole: Recession, recovery and our relapsing fever

Confirmed. The Nigerian economy is in recession, the first in decades. The official report by the National Bureau of Statistics is finally out, confirming what we suspected and expected all along. Many will hear the big word “recession” and ask: rece-gini? Economists define recession as two consecutive quarters of negative GDP growth. As a villager,... Read More

Abubakar Shekau, boko haram, economy, kemi Adeosun, mark zuckerberg, Muhammadu Buhari, NBS, nigeria, recession, simon kolawole, ThisDay Newspapers

Stop blaming Jonathan for your incompetence | PDP fires back at APC

The Peoples Democratic Party (PDP) on Sunday said the ruling All Progressives Congress (APC) should stop blaming ex-president Goodluck Jonathan for the poor handling of the economy by the Buhari-led administration leading to the current recession. The opposition party said this while reacting to comments by the Jigawa State governor, Abubakar Badaru, blaming the previous administration... Read More

Abubakar Badaru, All Progressives Congress, APC, economy, Goodluck Jonathan, PDP, Peoples Democratic Party, President Muhammadu Buhari, recession

What Emir of Kano really thinks of the Niger Delta struggle for secession

We do not know the Emir to speak often about the Niger Delta/Biafran struggle for secession; both as Central Bank Governor and now as the Emir of Kano. This is a man who prides himself as someone who is “never going to stand here and tell people what they want to hear.” So it came as a... Read More

lagos, Niger Delta, nigeria, recession, sanusi, secession

September 3, 2016

4 things Pres. Buhari has done to save Nigeria from sinking into Recession

Nigeria had gradually slipped into a recession in the past few weeks but it was made official on Wednesday, 31st August when the National Bureau of Statistics (NBS) released the figures. The Gross Domestic Product shrunk by -2.06 percent at the end of the second quarter of 2016, the Buhari administration has admitted that the... Read More

Economic recession, economy, nigeria, president buhari, recession

September 2, 2016

Charles Odii: Who is going to save Nigeria’s small businesses?

by Charles Odii Small businesses in Nigeria need to realize that they must become their own saviors. Firstly, by paying their taxes as upstanding citizens and then by holding the government accountable. September 1st, 2016 will not be forgotten quickly. At least not by the small businesses in Ikoyi, Lagos whose shops and offices were... Read More

ambode, entrepreneurs, ikoyi, lagos state, recession, SME

September 2, 2016

Aero, First Nation, United Airlines shutdown… how long before Nigeria does under PMB?

by Roqeebah Olaoniye It’s only the 2nd of August, less than a two years into his administration, three airlines have ended operations in Nigeria. Is the current Buhari-led administration getting something sorely wrong with aviation policies as it seems to be doing in many other sectors? Or are the economic policies taken by this government... Read More

airlines, Amaechi, Buhari, Forex, recession, transport, unemployment

September 2, 2016

Buhari’s administration lacks fiscal discipline – PDP tweets

The Peoples Democratic Party PDP has accused the Buhari-led administration of lacking the fiscal discipline to lead Nigeria out of the current economic recession in the land. In a statement released on Friday by its Director New Media, Deji Adeyanju through a series of tweets the party said the Buhari administration is killing the non-oil... Read More

economy, Fiscal discipline, PDP, President Muhammadu Buhari, recession

Quick reminder: All the things that have gone wrong since Pres. Buhari

Nigeria has officially entered a recession, its first since 2004 and its worst in the last 29 years. Details of this was announced by the National Bureau of Statistics (NBS) yesterday. Nigerians have weighed in on the news and the hate-your-president games have officially resumed. President Muhammad Buhari’s administration, as expected, has got the largest share... Read More

Buhari, economy, nigeria, PDP, president buhari, recession

Why the finance minister deserves Deji Adeyanju’s verbal assault in 5 quotes

It is not very common for a public official to put herself right in the cross hairs in one speech. Kemi Adeosun, Nigeria’s finance minister did that yesterday when she pronounced that the “recession” the National Bureau of Statistics has just confirmed, the “recession” that we –everyday Nigerians- have actually been experiencing for several months... Read More

deji adeyanju, kemi Adeosun, nigeria, PDP, recession

Recession is just a word for Kemi Adeosun but not for Nigerians

Following the recent revelation by the National Bureau of Statistics (NBS) about the current state of Nigeria’s economy, the minister of finance, Kemi Adeosun took to Twitter to console Nigerians that the economy will bounce back with time and patience. Her approach to this has upset a lot of Nigerians on the social media app... Read More

economy, kemi Adeosun, nigeria, recession, twitter.

From Ministry of Solid Minerals to Ministry of Mines and Steel – An example of what we do not need

On Wednesday, Kayode Fayemi, Minister of Mines and Steel announced that there’ll be a few changes at his ministry following resolutions made at the Federal executive Council meeting which was presided over by President Muhammadu Buhari. The Federal Executive Council approved a new roadmap for the growth and development of the nation’s mining sector and the... Read More

Fayemi, fec, nigeria, recession

Opinion: Buhari’s quest for emergency economic powers

by Jideofor Adibe Since Reuters broke the news on August 22 2016 that the government would be seeking for emergency powers to enable it fix the economy, Nigerians have been debating the pros and cons of that yet- to- be confirmed Bill. Though officially the government continues to claim it is unaware that such a Bill... Read More

APC, Buhari, economy, emegency power, nigeria, recession

August 31, 2016

6 key observation from NBS data on the economy

by Joachim MacEbong The Nigerian Bureau of Statistic on Wednesday released a slew of new data on the economy covering GDP, inflation and unemployment figures. Here are the top 6 observations. Recession confirmed: Nigeria’s GDP shrank for the second straight quarter, confirming that the economy is in a recession. 2nd quarter GDP came in at -2.06%,... Read More

economy, GDP, growth, naira, NBS, nigeria, recession

August 31, 2016

The Big 5: These are the stories you should be monitoring today

These are the top five news stories to monitor today 1. ASUU threatens strike over unmet demands The Academic Staff Union of Universities (ASUU) has threatened to embark on an industrial action over government’s failure to met their demands. 2. Was APC elected to do the impossible? The Deputy National Chairman (South) of the All... Read More

APC, big 5, cement, Electricity, flood, nigeria, PDP, recession

August 26, 2016

Earn over 200k salary or maintain your (poverty) lane: Twitter NG’s new standard (READ)

by Tolu Omoyeni On Twitter Nigeria, the bants never end. Someone posts a tweet and everyone else rides on it to create conversations that lasts for days and the varying perspectives you’ll see will have you oohing and aahing. As President Buhari has not given tweeters anything to discuss in the past one day, everyone... Read More

200k, bants, Buhari, Muhammadu Buhari, recession, salary, Twitter Nigeria, twitter.

August 5, 2016

‘Blame Jonathan’s government for today’s suffering’ – Lai Mohammed

The Minister of Information and Culture, Lai Mohammed has declared that even though it pays no good to rue “missed opportunities” of the past, the previous administration of Goodluck Jonathan should be blamed for the problems of the country especially as there is an economic recession. Representing President Muhammadu Buhari at the Hotel Presidential in... Read More

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APC, blame, Buhari, government, jonathan, llai mohammed, PDP, recession, regime

July 31, 2016

‘Profligate fiscal policy, bad choices…’ | Fashola gives reason for recession

The Minister of Power, Works and Housing, Babatunde Fashola, on Saturday, said that the present economic recession was caused by the administration of former President Goodluck Jonathan. Fashola, who stated this while speaking at a forum organised by the Nigeria Infrastructure Advisory Facility (NIAF) in London, noted that present economic woes in Nigeria was a result... Read More

Buhari, economy, jonathan, nigeria, president, recession

July 22, 2016

THE YNAIJA TRACKLIST: FG admits Nigeria is in a recession | Jibrin blows open legislative secrets | US presidential election build up gets more interesting | More

FG admits Nigeria is technically in a recession but remains confident of growth YNaija EFCC gives breakdown of how recovered loot has been spent so far YNaija Sacked Jibrin says Dogara tried to pad the budget with N40billion Guardian Obasanjo thinks Nigeria’s system has failed totally, advocates for an overhaul YNaija Fayose’s friend, Agbele is... Read More

dino melaye, Dogara, economy, Finance, Jibrin, kemi Adeosun, recession, Remi Tinubu, Saraki, senate, tracklist

July 22, 2016

Despite IMF negative projection, FG says economy will grow

Contrary to the forecast by the International Monetary Fund that the Nigerian economy will contract further, the Federal Government has said that Nigeria’s economy will pick up in the 3rd quarter of the year with an estimated 3.3 to 3.5 percent growth by the end of 2016. This was revealed on Thursday by the Minister National Planning,... Read More

adeosun, economy, growth, IMF, NEC, nigeria, Osinbajo, recession, Udo Udoma

July 22, 2016

‘Technically, Nigeria is in recession’ – FG confirms

The Minister of Finance, Kemi Adeosun, has confirmed that the Nigerian economy is in recession. Speaking with Senators on the state of the economy, Adeosun projected that the economy will however grow further. Even as she added that Nigeria, despite the recession, is still the largest economy in Africa. She faulted the IMF’s position that... Read More

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adeosun, capital, economy, government, growth, IMF, nigeria, recession

Zimbabwe betting shop - Photo credit: UN.org

June 13, 2016

SPECIAL REPORT: Nigerians are making a big bet

by Mazi Emeka The Bet9ja betting shop at Ojuelegba bus stop, Surulere, Lagos is a relatively small space made even smaller by the large number of people crammed into it. On one side of the shop, above the counter, on which a number of desktop computers are set and bookmakers take orders from customers, a... Read More

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June 10, 2016

Reuben Abati: The national brain in recession

“Have you eaten today? If not, let me show you this new restaurant. Good food, the service girls specially attractive, the Madam herself is quite friendly.” “What are you proposing: the food, the service girls or the Madam? Sorry to disappoint you, I am fasting.” “When did you become a Muslim?” “Is it only Muslims... Read More

decline, kano, National brain, nigeria, Ramadan, recession, reuben abati, stephen keshi

May 30, 2016

3 things we learned from Tinubu’s Democracy Day statement

The National Leader of the All Progressives Congress (APC) and former Governor of Lagos state, Bola Tinubu, on Sunday, released a statement to mark Nigeria’s Democracy Day. Here are 3 things we learnt from the statement which was entitled “We must not take our democracy for granted.” 1) Tinubu’s life is devoted to democracy “I... Read More

APC, democracy, economy, inflation, nigeria, recession, Tinubu

May 25, 2016

Senate wants Adeosun and Emefiele to explain why the economy is in a mess

The Senate has requested the presence of the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele before it to explain the current state of the country’s economy to the senators. The Senate today discussed the current state of the country’s economy after the Chairman, Senate Committee... Read More

adeosun, CBN, dollars, economy, Finance, Forex, naira, recession, Saraki, senate, senators

January 25, 2016

Doyin Okupe advises Buhari on how to deal with falling oil prices

Doyin Okupe, former aide of ex-President Goodluck Jonathan has weighed in on the economic recession that is threatening to hit the nation following the drastic and continuous fall of oil prices in the global market while advising the Federal Government to immediately re-adjust the content of the 2016 budget submitted to the Senate. Okupe, in... Read More