African Entertainment: How Nigerian showbiz stars survived recession

recession

One of the most hit industries by the economic recession which started since late 2014 is the Nigerian film industry, better known as Nollywood, which ironically ranks as the third largest in the world. The industry, in the season in focus, lost some notable figures to deaths that could have been avoided had there being sufficient funds for medical care […]

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Aviation: Despite Recession, Airlines Sold N330bn Tickets in 2016

Despite Recession, Airlines Sold N330bn Tickets in 2016 Despite the economic downturn, which has eroded the purchasing power of Nigerians, air travel still recorded ticket sales of N330,548,324,796.84 from January to October 2016, a little less than N385,909,897,028. 80 sold between January to December in 2015. It is however projected that the total number of ticket sales last year would […]

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Africa: Recession and price gaming has made customers more abusive in Nigeria – report says

Recession and price gaming has made customers more abusive in Nigeria – report says -predicts 7.3% decline in tourism contribution to the GDP, if negative impact on tourism’s downward spiral is not quickly arrested -2016, there were 61 new hotels with 10,222 rooms added in Nigeria By Renn Offor Jumia Travels has released its annual Nigerian Hospitality Report for 2017 […]

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Recession: Abuja sex workers decry low patronage, cut prices

Abuja sex workers decry low patronage, cut prices The economic recession in the country appears to know no bounds. It has affected all articles of trade including sex. PHILIP NYAM, who conducted a survey on the declining business of commercial sex workers, reports. The current economic recession in the country is affecting every facet of life as prostitutes popularly called […]

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Africa: Tourism Experts Who Could Be NTDC DG

akwaaba

A few days ago, the Federal Government relieved the Director General of the Nigerian Tourism Development Corporation, Sally Mbanefo, of her duties. In essence, there will be a new person in charge of marketing Nigeria; the country’s unique natural endowments and its rich cultural heritage. Most visitors to Nigeria come for business with only a small percentage coming for leisure. […]

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Recession: Abuja couples sell wedding rings to feed

At first it looked like fable from one of the Nollywood series until the reporter’s interaction with some of them revealed the unimaginable true story. But the truth is that the level of hardship in the country has reached an alarming rate. Who will ever think of a couple who are barely six months old in marriage letting go of […]

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