easy ,corruption in the banking sector,so called rich men making deals with bank MDs and taking loans without paying back...see wats happening now in Nigeria,ocienic bank,igbru and co.wat a shame.
corruption in the banking sector,so called rich men making deals with bank MDs and taking loans without paying back.
corruption
...sorry no can do
Prices of goods increased from the normal state.
More email scams.
Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. For a full discussion on how it affects Nigeria, see the Related Link below.
This has to do with the global reduction of economic funds or money in a state. It has affected countries like Nigeria because of the large number of people who have no link to the economic wealth of our nation and also the high amount of illiterates and money embezzlers in the nation.
A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.
it is caused by the disorder in the economy of a nation which later causes the GDP of the particular nation to decrease.there is a link between this phenonenom and the law of diminishing return.
If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.
Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle. The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc
global meltdown is when the sun is getting closer to earth which causes global heating which then causes global meltdown
It is going to take professionalism to deal with economic problems successfully.
It means the word is facing a recession.