Search Results: "recession"
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There are fears that Zimbabwe is heading for a recession. A gloomy rainy season forecast for the agro-based economy as well as a global slump in demand for its minerals are to blame. The financial services sector says macro-economic policy changes are nee
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Nigeria became Africa's biggest economy after it surpassed South Africa last year but soon its economy started suffering a downward trend. The worst blow followed the steep decline in the price of crude, from highs of over 100 dollars a barrel to the curr
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Despite good performances on the pitch, Nigeria's National soccer federation says its is heavily indebted and only commitment and understanding from coaches and players will allow its national teams keep international obligations. The federation is strugg
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Nigeria's recession deepened in the third quarter, with a 2.24 % contraction in gross domestic product. Oil production fell to an average 1.63m barrels per day, down from 1.69 M in the second quarter. The economy slid into recession for the first time in
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Nigeria's central Bank has been urged to settle internal debts to stimulate economic activities its recession hit economy. Nigeria's Bureau of statistic calculated that the economy had contracted in its third quarter raising fears, the west African giant
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Nigeria plans to conclude the sale of a 1 billion dollar Eurobond by the end of the first quarter of 2017. The government is also committed to make its foreign exchange market more flexible. Nigeria is in its deepest recession in 25 years and needs to fin
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To give an indication of the economic situation in Nigeria, prices of some goods have more than doubled over the past year. And with Christmas just weeks away, people at a Nigerian market are not impressed.
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South Africa's new Finance Minister, Malusi Gigaba, has a tough job ahead of him. Since taking office a week ago, the economy has been downgraded to junk by two major ratings agencies. There are now fears of mounting job losses and rising poverty as the c
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South Africa slips into recession for second time in eight years Let's unpack this further. What exactly is GDP and why is it so important?