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Finally, British economy enters recession

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Britain has entered recession after recording two successive quarters of negative economic growth in the second half of last year, official data showed on Thursday.

Gross domestic product shrank by 0.3 per cent in the fourth quarter of 2023 after contracting 0.1 per cent in the previous three months, the Office for National Statistics said in a statement, meeting the technical definition of a recession.

According to BBC, the UK is considered in recession if GDP falls for two successive three-month periods – or quarters.

The figures will be a blow to Prime Minister Rishi Sunak. Growing the economy was one of five pledges he made in January 2023.

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In 2020, Britain’s economy contracted by a record 20.4 per cent in the second quarter with the country in lockdown over the coronavirus pandemic, official data had shown.

It is clear that the UK is in the largest recession on record,” the Office for National Statistics said then.

Meanwhile, in December 2023, Britain’s economy unexpectedly shrank in the third quarter, official data showed, raising fears of a potential recession before an election due next year (2024).

Gross domestic product contracted 0.1 per cent between July and September, down from a prior estimate of zero growth, the Office for National Statistics said in a statement.

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Verbatim Magazine Honours Prof Nnamchi For Legislative Excellence, Quality Leadership

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Hon. Professor Paul Sunday Nnamchi, was among the twenty eminent Nigerians including seating governors of four states who were honoured by the Verbatim Magazine at the Late General Yaradua Centre recently.

He was recognized by the investigative journal for excellence and quality leadership in legislative performance for year 2024 based on his contributions in the plenary of the House of Representatives, the number of Bills and motions he has sponsored so far.

Professor Nnamchi was last year rated the most performing legislator from the southeast by the authoritative organ of the National Assembly, “The Order Paper” which evaluates the work rates of the legislators annually.

As at the end of March, 2025, the lawmaker who represents Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives has sponsored thirty-six Bills and over twenty impactful motions in the House. Over twenty of the Bills have passed second reading.

Speaking at the well attended Verbatim 13Th Anniversary Lecture delivered by the Executive Governor of Nasarawa State, Engineer Abdullahi Sule, the magazine Editor, Mr Tobs Agbaegbu, affirmed that the awardees were carefully selected through in-depth evaluation and investigation by its team of editors.

He stressed that the magazine has established itself as a leader in investigative journalism and as such would not be associated with questionable awards that lack merits.

The award recipients cut across private and public sectors’ practitioners, governors, legislators, military officers and journalists all of whom had distinguished themselves in leadership as Trail Blazers in their chosen careers.

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Just in: Presidency Insists INEC Chairman, Yakubu Not Sacked

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By Kayode Sanni-Arewa

The presidency has debunked reports that the INEC Chairman, Mahmood Yakubu has been replaced, describing it as ‘fake news.’

“Disregard any fake news making the rounds about the replacement of the INEC Chairman.

“Any such announcement will come from the SGF’s office or the any other official source.” – O’tega Ogra, Senior Special Adviser to President Bola Ahmed Tinubu on Digital Media and New Media.

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Just in: Saudi Arabia Suspends Visa Issuance to Nigeria, 13 Other Countries

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By Kayode Sanni-Arewa

Umrah, business, and family visit visas for citizens of 14 countries, including Nigeria, Egypt, and India, as part of preparations for the upcoming Hajj season.

Officials speaking to ARY News said, “The suspension of Umrah, business, and family visit visas is aimed at preventing unregistered individuals from attempting to perform the pilgrimage.”

The move comes amid concerns over the rising number of pilgrims attempting to join Hajj without official permits. In recent years, many visitors have overstayed their visas, contributing to overcrowding and serious safety risks.

Authorities also expressed concern over the misuse of business or family visit visas by individuals who enter the Kingdom and work illegally, a violation that “disrupts the labour market and breaches visa conditions.”

The Saudi foreign ministry stated that the new measures were implemented “to streamline travel procedures and enhance safety during Hajj.

It added, “Individuals found to be staying in the Kingdom illegally may face a five-year entry ban.”

The countries affected by the ban are India, Pakistan, Bangladesh, Egypt, Indonesia, Iraq, Nigeria, Jordan, Algeria, Sudan, Ethiopia, Tunisia, Yemen, and Morocco.

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