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Stanley Opara Despite Nigeria exiting recession on Tuesday, the equities market closed in the red, shedding N35bn. On the release of the second quarter Gross Domestic Product data, the market opened this week’s trading with a loss as Seplat Petroleum Production Company Plc, Julius Berger Nigeria Plc, Lafarge Africa Plc, ...

Oyetunji Abioye Economic experts and analysts on Tuesday welcomed the 0.55 per cent Gross Domestic Product growth rate recorded by the Nigerian economy in the second quarter of this year, which meant that the country had exited recession. They, however, expressed concern that the economic growth rate was weak and ...

The Economic and Financial Crimes Commission has said the Chief Justice of Nigeria, Justice Walter Onnoghen; Governor Ayodele Fayose of Ekiti State; his predecessor and the current Minister of Solid Minerals Development, Dr.  Kayode Fayemi; and the immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, are among high-profile personalities currently ...

Akinpelu Dada, Eniola Akinkuotu, Ifeanyi Onuba and Anna Okon The news that the nation exited its worst recession in 25 years was received with cautious optimism by a cross section of Nigerians on Tuesday, with many economists and analysts saying the 0.55 per cent growth in the Gross Domestic Product ...

Oyetunji Abioye The Central Bank of Nigeria on Tuesday injected $250m into the various segments of the inter-bank foreign exchange market, in order to lift the naira against other major currencies. Figures obtained from the CBN indicated that the Retail Secondary Market Intervention Sales segment of the market received the ...

Senate, House of Reps excited Nigeria is out of recession, it has been announced. But President Muhammadu Buhari and economists, who are as excited as many Nigerians, are cautious, saying we should not lower our guard. The National Bureau of Statistics (NBS) in a Gross Domestic Product (GDP) Report for Second ...

The economy has exited recession. But it will take some time for its effect to rub off on Nigerians’ living conditions. Many, including President Muhammadu Buhari, are cautiously excited by the development. Economists appraise the ‘out of recession’ verdict in the latest report of the National Bureau of Statics (NBS), ...

ELDER statesman Edwin Clark yesterday condemned the Biafra agitation led by Nnamdi Kanu. Clark spoke yesterday when the Chairman, Senate Committee on Local and Foreign Debt, Senator Shehu Sani, visited him in Abuja. He also condemned the quit notice by the Arewa Group to the Igbo living in the North, ...

Senate and the House of Representatives are elated by the National Bureau of Statistics (NBS) report which yesterday suggested that Nigeria’s economy was bouncing back. Senate spokesperson Sen. Sabi Abdullahi said it was commendable that the economy grew by 0.55 per cent in the second quarter of 2017 after five ...