"NIGERIA IS OUT OF RECCESION" States the National Bureau of Statistics(N.B.C)
According to the NBS, in the second quarter of 2017, the nation’s Gross Domestic Product (GDP) grew by 0.55% (year-on-year) in real terms, indicating the emergence of the economy from recession after five consecutive quarters of contraction since Q1 2016.
“This growth is 2.04% higher than the rate recorded in the corresponding quarter of 2016 ( –1.49%) and higher by 1.46% points from rate recorded in the preceding quarter, (revised to –0.91% from –0.52%). Quarter on quarter, real GDP growth was 3.23%,” the NBS said.
“During the quarter, aggregate GDP stood at N26,986,005.20million in nominal terms, compared to N23,547,466.91 million in Q2 2016, resulting in a Nominal GDP growth of 14.60%,” the report added.
An economy is said to be in recession after contracting for two consecutive quarters.
The Nigerian economy slipped into recession in early 2016.
Nigerian, citizens have mixed reactions about the recession and they say the country is not yet out of recession. The effects of the recession is yet to be seen on the citizens and in the market......
Konvict Kulture latest signee “Samklef” releases his debut single and video under the new imprint. He titles the self produced song “Philo”.
The video was directed by prolific video director “Patrick Elis”.
Enjoy!
J.T.E Gist: “I misunderstood Akpororo’s Joke”- Rapper Yung6ix
Rapper Yug6ix has claimed that he misunderstood comedian Akpororo’soutburst about buying a hit song instead of wasting money on liquor.
The rapper in a new interview with Hip TV said that he never got the full joke.
He said:
At first when everybody started….I didn’t get to see the full joke. But when I got to see it, I realized it was a joke. Its all entertainment. So no feelings/emotions attached. I knew it was a joke.
We all made fun about it and all took advantage of the fact that I was trending and I had a new video out there. I don’t see anything coming between me and him or whatever.
He is my Delta brother and I respect him and his talent, but I wouldn’t even joke or make jokes about anything that would make people feel indifferent about their success.
People make mistakes, people say jokes and like they always say, the joke is always funny until it’s about you. I felt that way.
Kamorudeen Toyeeb Feranmi AKA (ThoYmok) CEO OF TOYMOK ENTERTAINMENT Is a Freelance Journalist, serving with Stv/rhythm FM jos.
He is the welfare Director of Editorial CDs and National film and video cencors (NFVCB) Ambassador Plateau State.
We celebrate him as he adds another year In a grand style.
The Handsome, Energetic, Power_Packed and Courageous boss took to his social media handles this morning to appreciate God for his faithfulness for the years past and years to come.
Feranmi has ever since his deployment to Plateau State by the Nysc scheme enjoyed his stay in the state with good tidings to follow.
Happy Birthday boss
More years to come,we wish u all ur heart Desire Sir
Words from Bloggers
Join in celebrating him by adding one or two kind words. It is not easy to see another year of celebration
I.G @Thoymok
Fb @ToyeebKunle
#issaLifeOfaJournalist
#CeoToymokEnt
YCee recently battled U.S media personality, Raro Lae and let’s just say— he. had. B A R S. She had a few bars of her own as well. Watch YCee’s latest freestyle rap battle and you be the judge of who won this face off. Watch below and share your thoughts
Wizkid & Runtown have collaborated in the past on Lagos to Kampala and Bend Down Pause we still revisit these songs for good vibes. The two brilliant musicians have recorded a new song and Runtown teased his fans on twitter about the collaboration, which is expected to be a banger.
See his post below.
New Music: Mr Eazi & Major Lazer – Leg Over (Remix) Ft. French Montana & Ty Dolla $ign
Currently trending on the wave of his controversial comment, Mr. Eazi collaborates with Major Lazer,French Montana & Ty Dolla $ign on the remix of his record titled Leg Over.
Enjoy below and share your thoughts.
DOWNLOAD Mr Eazi & Major Lazer – Leg Over (Remix) ft. French Montana & Ty Dolla $ign
Corp Member- Kenedy Serving In Borno Dies After A Brief Illness
A graduate of the University of Jos who was currently serving his father's land after a brief illness- Kenedy Kenechukwu is dead
Friends and Family have been devastated after the news came to their hearing early this morning!
Rest on Brother
JTE Gist: Jay Sean Set to Drop New International Collaboration Featuring Davido
Superstar afro-pop singer, Davido is set for another international collaboration. This time, he would be the guest artiste on UK singer, Jay Sean’s song titled What you want. Jay Sean made a social media post to raise the level of anticipation for the release of the soon-to-drop song.
See his post below.
off becca recently released Unveiling Album Becca present a new visuals titled ”Number One” Featuring Mr Eazi. Zylofon Media bring to us the official visuals to this jam. the video was directed by Phamous Philms.
Slow Dog hops on Dj Khaled’s collaboration with Rihanna and Bryson Tiller “Wild Thoughts”.
His version mixed by Regiz is titled ‘Nwanne Waa” and features vocals from Rihanna.
The BOA (Bobo of Africa), Selebobo is back agsin with a new tune dubbed titled “I Don’t Care”. Produced, Mixed and mastered by selebobo himself
Enjoy the selt track below
New Music: Yonda – Bad Girl Riri Ft. Mayorkun
Fresh from the stables of Lazy Boy Entertainment, here’s “ Bad Girl Riri ” by
Yonda featuring Mayorkun.