Nigerian Finance minister begs Nigerians in the Diaspora to pump in money to beef up the dwindling and highly mismanaged economy

Nigerian Finance minister begs Nigerians in the Diaspora to pump in money to beef up the dwindling economy

The Federal Government has called on Nigerians in the Diaspora to see the current economic realities in the country as good opportunities for them to participate actively in the ongoing efforts to reposition the nation’s economy.

Economy: Nigerian Ministries complain as payment of salaries becomes difficult

Following the cash crunch that has gripped the Nigerian economy, sources within presidency are saying the president and his cabinet members, should be forced to resign for their inability to manage the economy, Post Nigeria reports.

Nigeria in trouble: United Airlines pulls out of Nigeria as economy worsens

Nigeria in trouble: United Airlines pulls out of Nigeria as economy worsens

The United Airlines, Chicago-based American airline, is pulling out of Nigeria over difficulty in recovering monies made from tickets sales, due to Nigeria’s foreign exchange policy.

The company says it will stop flying to Nigeria next month, ending the its only route to Africa because of weakness in the energy sector and difficulty in collecting money from tickets sold in that country.

Hardtimes: FCMB shuts down Branches. Sacks staff from affected branches

First City Monument Bank Limited (FCMB) has closed down some of its branches and sacked staff of those branches. It was gathered Monday night that the branches affected were those formerly owned by Finbank, which was acquired by the bank.

Nigeria's economic woes worsen as Iberia Airline pulls out of Nigeria

Nigeria's economic woes worsen as Iberia Airline pulls out of Nigeria 

General Muhammadu Buhari's draconian economic policy has forced the Spanish airline, Iberia, to suspend flights to Nigeria from May 12, 2016.

Nincompoops! Economy gone out of Buhari’s control - Lai Mohammed [Buhari passing vote of no confidence on its govt]

Nincompoops! Economy gone out of Buhari’s control - Lai Mohammed [Buhari passing vote of no confidence on its govt]

The Nigeria's Minister of Information and Culture, Alhaji Lai Mohammed, on Saturday lamented that the economic situation in the country has gone completely out of the control of government as the global economic meltdown is having a negative spiral effect on it.

Naira in tatters! ‘Buhari must act now or lose control completely’

Nigeria is slowly but surely approaching a situation where there are no good options left. Even now, the options have been reduced to few. But, another delay will spell doom. The Federal Government must act now – or hand Nigerians to unpredictable fate.

“Love and business and family and religion and art and patriotism are nothing but shadows of words when a man is starving.”O. Henry, 1862-1910. VANGUARD BOOK OF QUOTATIONS p 232.

The Federal Government of Nigeria is doing a wonderful job fighting corruption. The last time this monster was tackled, head-on in this country, was in 1984, by the same Head of State Buhari. Then as now, the price of crude oil created the havoc. Then, as now, there were discordant views about whether or not the government should devalue the currency or not. Those on the left wing of Nigerian politics, the Nigerian Labour Congress and socialists who arrogated to themselves the love of the masses, were against devaluation of the currency.

Nigeria: A country 'GALLANTLY' grinding to a halt

Nigeria: a country 'GALLANTLY' grinding to a halt

Every economic and political indices out there point to one thing  -  Nigeria is dying!

The country that once prided herself as the "giant of Africa" is grinding to a halt. Frighteningly, only a few section of her teeming population seemed to have realised this.

Buhari's Nigeria goes UNDER as crude oil price crashes

Buhari's Nigeria goes UNDER as crude oil price crashes

Nigeria under General Muhammadu Buhari is literary going under. Nigeria’s local currency, the Naira has continued to slide against the US Dollar in the parallel market. There was rapid decent mid this week as it naira exchanged at a historic N300 per dollar in Kano, N290 in Lagos and N292 in Abuja. The previous day Naira exchange for N285 per dollar.

The Verdict: Buhari does not have the political clout nor creative ideas to take Nigeria forward - International Economists

The Verdict: Buhari does not have the political clout nor creative ideas to take Nigeria forward - International Economists

Nigeria under General Muhammadu Buhari is doomed! International economists have given their verdict of Buhari's sole administratorship.

Mark Bohlund, an economist with Bloomberg Intelligence in London, stated that Buhari "does not have the political clout to cut back spending nor any creative ideas to take the country forward and stimulate other sectors of the economy.”