Recession

Nigeria’s inflation drops to 16.05 % in July- NBS

The country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 percent in July from 16.10 percent…

Bankers’ Committee says Nigeria’s economic indices point to earlier-than-expected recovery from recession

The Nigerian Bankers’ Committee, comprising financial services operators and the sector regulator, the Central Bank of Nigeria (CBN), Thursday said…

Nigeria may be getting out of recession in second quarter, NBS says

Nigeria’s economy probably expanded in the second quarter as factory and farming output improved, helping it recover from the first…

Total Nigeria targets 200,000 barrels-per-day in 2018 from multi-billion dollar Egina Field

Total Nigeria, Wednesday, said it would boost the country's daily oil production by 200,000 barrels from 2018. Nicolas Terraz, managing…

Nigeria’s economy seen coming out of recession as manufacturing index expand for the fourth consecutive month

The manufacturing purchasing managers’ index (PMI), an indicator of the economic health of the manufacturing sector increased to 54.1 index…

South Africa considers privatisation to wrestle economy out of recession

Malusi Gigaba, South Africa’s finance minister said on Thursday the country was considering the sale of non-core assets and partial…

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