Is Nigeria about to become the next Venezuela? – UK Telegraph 

The definition of an emerging market, according to the old investment joke, is one from which it is impossible to emerge with your money intact. Few seem to prove this truism better than what was once Africa’s largest economy, Nigeria. Indeed, if the dictionary definition of an emerging market is that of an economy with…

Nigeria in Economic Recession: The Implications and Solutions

  Economists officially define a recession as two consecutive quarters of negative growth in Gross Domestic Product (GDP). The National Bureau of Statistics reported that in the first Quarter of 2016, the nation’s Gross Domestic Product (GDP) grew by -0.36% in real terms. This was lower by 2.47 points from growth recorded in the preceding…

Though times ahead for an ailing Skye Bank

  Following the take over of Skye Bank by the Central Bank of Nigeria (CBN) today and the resignation of the Chairman and the Managing Direcror/Chief Executive Officer many Nigerians are scared that they wont may loose their hard earned savings deposited at bank. This development has caused many customers to withdraw their money from…