IMF blames policy makers for Nigeria’s stunted growth

Barely a week after the International Monetary Fund (IMF) predicted Nigeria’s exit from  recession in 2017, it has idendified fresh huddles that could make the envisioned recovery impossible. Some of the debilitating factors, according to the fund included inconsistencies, which it noticed in the policy direction of government, especial on the foreign exchange management and…

FG to implement economic policies with human face

President Muhammadu Buhari Some experts in the oil and gas sector on Tuesday urged the Federal Government to pursue economic policies with human face in 2017. They gave the advice in Lagos. They said that companies in nearly all sectors of the economy downsized in 2016 due to recession and corruption. Mr Oluwaseyi Gambo, the…

FLASH| Buhari’s Economic team is Incompetent – Professor Ango Abdullahi

Professor Ango Abdullahi the spokesperson of Northern elders forum in this interview has taken a swipe at the President Muhammadu Buhari administration.   Talking about the exchange rate, the former CBN governor, Lamido Sanusi recently warned President Buhari to be careful lest he becomes worse than former President Jonathan. You mean His Royal Highness, the Emir…

Don’t Attempt To Contest In 2019 – Obasanjo Warns Buhari

Amidst the harsh economic recession allegedly orchestrated by the inability of the All Progressives Congress, APC, led federal government to formulate sound economic policies, Former President, Olusegun Obasanjo has warned President Muhammadu Buhari against contesting for president come 2019. Obasanjo, who on Friday evening spoke through his Former Chief Press Secretary, Alex Nwokedi, called on…

Economic hardship: Buhari must think outside the box – Joseph Wayas

*Says Nigeria’s restructuring is inevitable Elder statesman and erstwhile  Senate President,Chief  Joseph Wayas believes Nigeria is at crossroads at the moment. But he is also of the opinion that the challenge is not insurmountable. In this interview with IHEANACHO NWOSU, he urged President Buhari to think outside the box to address the economic hardship currently…

Nigeria underestimates its crisis

NIGERIANS had long felt it, from as early as late last year, but the recent release of gloomy figures by the National Bureau of Statistics (NBS) confirms what everyone, including the government itself, already knew. The economy is in deep trouble, perhaps the worst in about 30 years, and there seems to be no clear…

Man Hangs Self, Blames Buhari In Suicide Note

A 50-year-old man, Chief Ekanem Edet, has taken his life at Mbiabong Itam in Itu Local Government Area of Akwa Ibom State and left a suicide note blaming President Muhammadu Buhari. Residents of Mbiabong Itam were shocked to discover the body of the former secretary of the Mbiabong Village Council dangling on the suspended rope…

Father of two takes his life, leaves suicide blaming economy

The present harsh economic clime in the country has forced a 50-year-old father of two to commit suicide. Residents of the Mbiabong Itam in Itu Local Government Area of Akwa Ibom State were thrown into mourning when the lifeless body of Chief Ekanem Edet, dangled from a rope tied to the roof of his room….

Man commits suicide, blames harsh economic situation

It was a gory sight as the body of a 50-year-old man, identified as Chief Ekanem Edet, dangled from a rope tied to the roof of his room at Mbiabong Itam in Itu Local Government Area of Akwa Ibom State. Ekanem Edet, a former Secretary of the Mbiabong Village Council, popularly called Jolly Boy, waited…

Our country is in shambles, we regret voting for Buhari – APC chieftain

Former All Progressives Congress (APC), governorship aspirant in Benue state, Mr Nath Apir, has said that Nigeria is in shamble and the citizens are now regretting voting for President Muhammadu Buhari. The party chieftain and social critics stated this after the National Bureau of Statistics (NBS), said Nigeria’s economy has gone into recession. The critic…

Analyst Urges Investments In Stocks

A capital market analyst and one time investment manager, Consolidated Insurance, Tonye Owei has called for Stock Market investors to consider investing in stocks with little or no exposure to foreign exchange (Forex). Owei gave this advise in a telephone chat with The Tide yesterday in Port Harcourt. He said with the current economic downturn…