Sunday, October 9, 2016

Over 100 staff ‘sacked’ as recession hits Nigerian media

Over 100 staff ‘sacked’ as recession hits Nigerian media

Samuel Ogundipe
 
The current economic crisis has forced some Nigerian dailies to cut staff strength in their newsrooms across the country, PREMIUM TIMES learnt weekend.
Sources in Leadership Newspaper in Abuja and The Punch in Lagos told PREMIUM TIMES the media giants recently let go of over a hundred journalists between them, citing rising cost of operation amidst a general economic downturn.
Nigeria’s economy slipped into recession late August after contracting for two consecutive quarters due to months of low crude prices.


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