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Tag Archives: Recession

Nigeria already getting out of recession, says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said the country is already getting out of the economic recession, given the pragmatic approaches the Federal Government is taking to reverse the trend. She said this on Wednesday while fielding questions from journalists at the end of a two-day National Council …

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Banking sector profit falls by 28% – Report

The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline in the fortune of the …

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