SouthSouth1914:
Nigeria has entered recession for the second time since the beginning of the second term of buhari!

Zombies how far? Keep supporting the dullard until your blood will be needing to fuel his hungry greed and nepotistic style of governance!

Owaincouncil:
Over the last two decades, the number of publicly quoted companies seeking to delist from the Nigerian Stock Exchange (NSE) has been on the increase as Daily Sun investigations revealed that about 109 Securities have delisted from the nation’s bourse in the 16-17 years.


Did you people read the news at all. Buhari is the headache of many. The problem started 16 to 17 years ago. Who was the president then and which party was in power then. Is it not the Biafran that headed the Economy of Nigeria then.

Captaintimex:
Nigeria greatest problem is that 13 Boeing 747 cargo planes come to Nigeria daily, offloading cargo, then went back empty. Sometimes, they have to use sandbags to stabilize the aircrafts.

5 out of every 6 ships that berth in Nigeria return to their base empty. The only one which leaves with cargo is filled with charcoal, gypsum salt & sesame seeds.

A country of 200m people eating, sleeping, making calls, voting for mercy of BBNaija and contributing almost nothing to the world. All we do is drill the oil, sell it & bank the money, loot 60%, share 40% of the proceeds. Even the oil is drilled for us by foreign companies.

Our youths in their most productive years are selling gala in the traffic, some are hailing frood, Ike & being tachaed, while other borrowed data to come throw tribal tantrums & defend the criminal of bourdillion on seun's platform

Nigeria think!!!

grandstar:


Nigeria isn't in a recession. It's what you call a weak recovery. Nigeria exited the recession in 2017. By now, the country should be growing strongly but with Buhari at the economic helm of the country, perish the thought.

SouthSouth1914:


Lol.., all the indicators of a recession are visible in the business world. Sad you are yet to see it!

grandstar:


A recession is 2 consecutive quarters of negative economic growth.

Which quarter did Nigeria last have negative growth rate?

Captaintimex:
Nigeria greatest problem is that 13 Boeing 747 cargo planes come to Nigeria daily, offloading cargo, then went back empty. Sometimes, they have to use sandbags to stabilize the aircrafts.

5 out of every 6 ships that berth in Nigeria return to their base empty. The only one which leaves with cargo is filled with charcoal, gypsum salt & sesame seeds.

A country of 200m people eating, sleeping, making calls, voting for mercy of BBNaija and contributing almost nothing to the world. All we do is drill the oil, sell it & bank the money, loot 60%, share 40% of the proceeds. Even the oil is drilled for us by foreign companies.

Our youths in their most productive years are selling gala in the traffic, some are hailing frood, Ike & being tachaed, while other borrowed data to come throw tribal tantrums & defend the criminal of bourdillion on seun's platform

Nigeria think!!!

SouthSouth1914:


The Nigerian economy grew 2.1% in the first quarter of 2019. The Central Bank is still forecasting 3% growth for 2019 for Africa’s largest economy. Yet the feeling on the ground and behind closed doors is 3% may be the upside for Nigeria in 2019 with a downturn expected in 2020.

With production costs around $25 to $35 per barrel in Nigeria and Brent crude offtake prices ranging from $50 to $65 per barrel in the country, many producers will barely make profit, particularly in scenarios where overhead is high and debt payments weigh down cash flows (all of which is par for the course in Nigeria).
Nigeria is also confronting ageing oilfields and lack of new investments.
An uptick in exploration projects does not necessarily spell a boost for output considering the typical timeframe from exploration and development to production.

https://www.theafricareport.com/18211/nigeria-could-be-heading-towards-its-second-recession-in-three-years/

grandstar:


Thanks for your stats but the country's not in a recession yet. That was my argument.

I have no confidence in Buharis economic policies including the latest which is the closure of the borders.

I'm not too sure of a recession in 2020 but in 2021, the present overspending, coupled with overborrowing will lead to great strains on the budget which will sink the economy, worsened by the fact it will.be poorly handled. A recession might read it head.

The recent appointment of Soludo amounts to nothing as Soludo is a liberal economist and they are believers in open borders. Buhari' s lamentable understanding of economics will continue to dictate the tune

Powersurge:


Your grammar needs resurrecting touch

LZAA:
Buhariconomics causing disaster since 1970's
Sai disaster
Cc immhotep sarrki GMBuharii Adaibeku Afamed gwarotango iammo

nakaman:
no, its not the grammar its ur brain, I think ur using an older version of understanding.

Alaniyiokorausa:
APC government have destroyed every viable institutions they meet on ground on the alter of tribalism and padipadi in place of best hands and competency,gradually the glorious NSE of Obj,yar adua and Gej are gone just like our buoyance and flourishing economy has gone too.i remember T.B Joshua urging his members to pray that buhari will be a listening president that was before the after the election .

Afamed:

Lazy youth, you still can't read or you read but fail to comprehend as usual?

nakaman:
no, its not the grammar its ur brain, I think ur using an older version of understanding.

justbusy:
You don't have to speak ill of this country! Be optimistic, not pessimistic. Foreigners are virtually all over the forum! They're perusing everything you typed! Keep your head cool! The President is on top of the situation! Nigeria will bounce back to its glory days when the Naira used to be stronger than the Dollars! [s]Don't forget, we gave the South African ANC Party, money to Celebrate the end of their Apartheid regime![/s]

emonis88:

Before u start spitting jargons from ur mouth do the maths. 16 to 17 years ago that means from 2002 or 2003. Pdp was in power but who was ruling then in Pdp? So shut ur mouth with Biafra this, biafran that.

nakaman:
more is leaving. This country is dead.

Captaintimex:
Nigeria greatest problem is that 13 Boeing 747 cargo planes come to Nigeria daily, offloading cargo, then went back empty. Sometimes, they have to use sandbags to stabilize the aircrafts.

5 out of every 6 ships that berth in Nigeria return to their base empty. The only one which leaves with cargo is filled with charcoal, gypsum salt & sesame seeds.

A country of 200m people eating, sleeping, making calls, voting for mercy of BBNaija and contributing almost nothing to the world. All we do is drill the oil, sell it & bank the money, loot 60%, share 40% of the proceeds. Even the oil is drilled for us by foreign companies.

Our youths in their most productive years are selling gala in the traffic, some are hailing frood, Ike & being tachaed, while other borrowed data to come throw tribal tantrums & defend the criminal of bourdillion on seun's platform

Nigeria think!!!

allcomage:
There is no hope for this country. Buhari will go down as the worst president Nigeria ever had.

may320:

I hope you get the 'likes' you craved for.
Now, next time, read to comprehend the message an article is passing across before jumping into conclusion.
Some of the companies were still in operation, they were only delisted from the Exchange due to regulatory issues and other reasons in the best interest of the company.

juliusocean:
Nigeria is a sinking ship run for your life

Captaintimex:
Nigeria greatest problem is that 13 Boeing 747 cargo planes come to Nigeria daily, offloading cargo, then went back empty. Sometimes, they have to use sandbags to stabilize the aircrafts.

5 out of every 6 ships that berth in Nigeria return to their base empty. The only one which leaves with cargo is filled with charcoal, gypsum salt & sesame seeds.

A country of 200m people eating, sleeping, making calls, voting for mercy of BBNaija and contributing almost nothing to the world. All we do is drill the oil, sell it & bank the money, loot 60%, share 40% of the proceeds. Even the oil is drilled for us by foreign companies.

Our youths in their most productive years are selling gala in the traffic, some are hailing frood, Ike & being tachaed, while other borrowed data to come throw tribal tantrums & defend the criminal of bourdillion on seun's platform

Nigeria think!!!