Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Friday, 18 November 2016

American University Of Nigeria Increases Staff Salaries

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The American University of Nigeria (AUN) Yola has announced salary increase for more than 1000 employees to ameliorate the effect of the current economic recession.

The development was contained in a press release issued by the Public Relations and Communications office of the university.

Tuesday, 8 November 2016

Massive Sack At Zenith Bank Plc Over The Weekend.

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They all left the Office last Friday feeling on top of the World...
Some woke up on Saturday to Notifications that their services were no longer needed at the Bank and many more will be notified this week!

READ AN INSIDER REPORT

Monday, 31 October 2016

Banks’ Profits Rise Despite Recession

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Banks have defied the recession as they continued to post huge profits in their third quarter results.

Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out of them recorded increases in both their profit before tax and after tax.

Within the last quarter under review, the National Bureau of Statistics (NBS) had declared that the Nigerian economy had entered into recession. However some banks have gained huge profits following a major boost from the foreign exchange (FX) revaluation gains.

Thursday, 27 October 2016

FG Must Stop Lamenting, Proffer Solution To Recession -Oshiomhole

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Edo State Governor, Comrade Adams Oshiomhole on Wednesday challenged the Nigerian government to stop lamenting over the parlous state of the nation’s economy and put machinery in motion towards taking the country out of recession.

The governor, who spoke while declaring closed the 2016 National Women’s Conference organized by the Committee of Wives of Lagos State Officials, COWLSO in Lagos, Southwest Nigeria stated that lamentation would not bail the country out of its economic downturn.

He urged women to be resilient in the face of the present adversity and demonstrate their potentials as great economists.

Tuesday, 18 October 2016

Chia! Abuja Couples Sell Wedding Rings To Feed,Blame Recession

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The economic recession is biting harder by the day and it’s affecting symbols of many unions. DEBORAH OCHENI recently ran into a section of the popular Wuse Market where couples trade their highly priced bridal wears for cash

Thursday, 6 October 2016

Recession: National Assembly Invites Buhari

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The National Assembly has passed a motion to invite President Muhammadu Buhari to address the legislature on efforts being made by his administration to on the current economic recession.

The Senate passed the motion on Thursday in concurrence with the House of Representatives.

Details later…

Thursday, 29 September 2016

We are already getting out of recession-Finance minister

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Finance Minister Mrs. Kemi Adeosun, yesterday said Nigeria was already walking out of the economic recession following some positive measures the Federal Government had taken.
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