Archives Tag: recession
5 Ways To Effectively Cut Cost In The Face Of A Recession
April 19, 2022
One of the ways to stay afloat in the face of recession is to effectively cut costs. Cutting costs can be positive if deployed appropriately and can also be destructive when you aren’t careful. Read more about Finance Presently, the world is faced with an economic depression. Companies are shutting down, workers are … Continue reading 5 Ways To Effectively Cut Cost In The Face Of A Recession
The History And Work Around Of Recession In Nigeria
April 19, 2022
A recession is two-quarters of negative economic growth. The main metric for a nation’s economic growth is the GDP. Read more about Business The GDP, which is an acronym for Gross Domestic Product, is defined as the total monetary or market value of all the finished goods and services produced within a country’s borders in … Continue reading The History And Work Around Of Recession In Nigeria
By eizu-uwaoma
Top Cryptocurrencies You Can Invest In
April 19, 2022
The economy is in recession. Again. You might want to divest now or even put your money somewhere more stable as the naira is not the most reliable of currencies even by local standards. There are 7000 or so cryptocurrencies in the space and it may be tricky knowing which ones to put money … Continue reading Top Cryptocurrencies You Can Invest In
By david-okwara
Post COVID-19: Recession, The Survival Of MSMEs And Consumers’ Dwindling Buying Power
April 19, 2022
Containment remains the most viable response strategy to the escalating Coronavirus pandemic until there’s a cure. However, the increasingly negative health, social, economic, financial and humanitarian impacts of COVID-19 are already seen as clear pointers to a probable global recession, if not halted. Many countries including Nigeria are already in a recession panic mode. … Continue reading Post COVID-19: Recession, The Survival Of MSMEs And Consumers’ Dwindling Buying Power
By guestpost
Should You Invest During a Recession?
April 19, 2022
Nigeria is hurtling towards a recession. Some economists believe we’re already in one. It’s the sort of time in which most people shy away from investing. The economy isn’t doing well anyway, so there’s a high chance you’ll lose money if you tried to acquire income bearing assets. But is this the right approach to take? … Continue reading Should You Invest During a Recession?
The CBN has Prohibited Banks from Laying-Off their Workers
April 19, 2022
The Central Bank of Nigeria and the Bankers’ Committee have agreed to halt the retrenchment of bank staff in the country. The decision applies to both part-time and full-time workers. This was disclosed in a press release issued by Isaac Okoroafor, the CBN’s Director of Corporate Communications, on Sunday. Read more about Coronavirus According to … Continue reading The CBN has Prohibited Banks from Laying-Off their Workers
The NBS’ Latest GDP Report: Nigeria Steers Further Away From Recession
April 19, 2022
On Tuesday, the National Bureau of Statistics (NBS), the country’s official statistics agency, released its report on the country’s economic performance for the final three months of 2017. The Gross Domestic Product (GDP) report, which also documents the growth of various economic sectors throughout the preceeding year, was made available via the NBS’s website. In … Continue reading The NBS’ Latest GDP Report: Nigeria Steers Further Away From Recession
Nigeria Moves out of Economic Recession
April 19, 2022
The Gross Domestic Product of a nation is one of the primary indicators to measure the health of a country’s economy. Nigeria’s economy has been sick for a long time, it has however for the first time in 25 years made an immense improvement. It has recovered from economic recession recording a positive growth. The … Continue reading Nigeria Moves out of Economic Recession
By adepeju
What Recession? Hotel Chains are Expanding in Nigeria.
April 19, 2022
The recession has been the buzzword in the Nigerian economic sphere over the last 18 months. There hasn’t been much faith in government policies by the populace, but there seems to be an unshakable faith in the Nigerian economy by investors. In the hospitality industry, more Nigerians, it seems, are embracing tourism within the country, … Continue reading What Recession? Hotel Chains are Expanding in Nigeria.
By guestpost
7 Ways People Are Embracing Frugality in this Recession
April 19, 2022
With the recession in the country pinching hard, many Nigerians are finding ways to adjust and one of these is by being frugal. Here are 7 ways people are practicing frugality in these times: 1. They’re budgeting. This is the very first step for people who have been used to spending money as it comes … Continue reading 7 Ways People Are Embracing Frugality in this Recession
By jehonwa
5 Ways to Help If Your Husband Gets Laid Off
April 19, 2022
Recession is not just a word. Every day, people are losing their jobs and it’s not a function of their performance. Many companies just can’t afford to keep people on. Being there for a fired husband is not a walk in the park. Men are expected to and socialized to see themselves as providers, and … Continue reading 5 Ways to Help If Your Husband Gets Laid Off
By jehonwa
5 Things Business Owners Need To Do In This Economy
April 19, 2022
One of the questions I have asked guests recently on my radio show, The Entrepreneur’s Journey, is “How are you responding to the current economy situation?” The answers I have received for this question have given me insight into how successful entrepreneurs who have been in business for a while think. One common thread in … Continue reading 5 Things Business Owners Need To Do In This Economy
By tale-alimi
3 Things You Should Know About Retrenchment
April 19, 2022
Nigeria is in a recession right now, and every other day, we hear about one organisation or the other laying off staff. Being retrenched can be demoralizing, as it affects not just your bank account but your emotions, mind and even your body. However, it doesn’t have to be the end of your world. In fact, … Continue reading 3 Things You Should Know About Retrenchment
By jehonwa
