• Nigeria’s Economy Likely To Shrink 1.3 Per Cent In 2016 – NBS

    The National Bureau of Statistics (NBS) has said Nigeria’s economy is likely to shrink by 1.3 per cent in 2016 due to the sharp fall in the naira after dollar peg was dropped in June. The NBS  had predicted a growth of 3.8 per cent in 2016 but low oil ...

  • Lagos Assembly Proposes Anti-kidnapping Law

    Lagos State House of Assembly is set to come up with a Bill that would provide for the prohibition of kidnapping in the state. Speaker of the House, Rt. Hon. Mudshiru Obasa, in his opening remarks at yesterday’s sitting stated that the intention of the Bill was to further expand ...

  • Nigeria: Chinese Investors to Invest Additional $70 Billion in Nigeria's Petroleum Sector - Kachikwu

    [Vanguard] The Minister of State for Petroleum, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy.

  • Dasuki and ECOWAS court judgment

    SIR: On Tuesday, October 4, the ECOWAS Court declared the arrest and continued detention of former National Security Adviser, Col. Sambo Dasuki as unlawful, unreasonable and arbitrary. The court reportedly held “that the further arrest of Mr. Dasuki by government on November 4, after he was granted bail by a ...

  • Diageo drops plan to increase stake in Guinness Nigeria

    Diageo yesterday said it had scrapped plans to lift its stake in Guinness Nigeria due to tough market conditions in the country. The decision by Diageo, maker of Johnnie Walker Scotch and Smirnoff vodka, according to analysts may hurt the economy, which is headed for its first full-year recession in 25 years following a plunge in global oil prices, a major source of the ...

  • Expert identifies common mistakes in English

    An expert in English language and researcher in Teaching English as a Foreign Language and Teaching English as a Second Language (TEFL/ TESL), Federal University of Agriculture, Abeokuta, FUNAAB, Ogun State, Prof. Bolanle Akeredolu-Ale, has identified common mistakes that people make while communicating in English. The don, who is also the Chairperson, Committee the Dean, College of Agricultural Management and ...

  • NUT Urges Akwa Ibom Govt To Implement 2012 Promotion Of Teachers

    The Nigeria Union of Teachers, Akwa Ibom State, on Wednesday called on  the Akwa Ibom State Government, to implement promotion of teachers that are retiring from service and also help defray the outstanding leave grants of 2013, 2015 and 2016. The teachers also asked for the promotion arrears of 2011, ...

  • Army Assures Medal Winning Athletes Of Promotion

    The Nigerian Army has assured its athletes of likely promotion and several other privileges deserving of any one who wins medal as part of measures to encourage sports men and women to do their best in sporting activities. The Chief of Army Staff, Lt Gen Tukur Buratai stated this yesterday ...

  • Nigeria: Wooing Investors With Permits

    [Guardian] It is a welcome development that the Minister of Interior, Abdulrahman Bello Dambazzau has commissioned 28 Combined Expatriate Residence Permit and Alien Card (CERPAC) Centres with a view to attracting foreign direct investments (FDIs) into Nigeria. The centres, well structured, equipped and staffed with individuals having the requisite skills ...

  • Customs seizes 117,034 bags of rice

    • Duty paid value N774.2m • Govt targets 2017 for rice sufficiency The Nigeria Customs Service (NCS), impounded  117,034 (50kg) bags of rice with duty paid value of N774,282,300 in the first three quarters of this year, the Comptroller-General, Col. Hameed Ali (rtd), has said. Speaking at a press conference ...

  • How should FG handle Turkey’s arrest of 50 Nigerian students?

    I think the whole thing is political, otherwise, both Nigeria and Turkey have, at least, business relationship. I believe Turkey has (tertiary) institutions in Nigeria; if that is the case, it is something that could be resolved between the two governments without necessarily putting innocent ones into unnecessary tension and ...

  • Nigeria To Enhance Old Age Management With ICT

    As the world celebrates 2016 International Day of Older Persons, the federal government has pledged to promote the economic situation for older persons through  IT programme, among others. Speaking yesterday in Abuja at the one-day project partnership meeting organised by the Federal Ministry of Labour and Employment, Digital Bridge Institute, ...

  • Customs Seizes 117, 034 Bags Of Rice At Borders

    The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (rtd) has disclosed that a total of 117, 034 (50kg) bags of rice have been seized at the nation’s land borders, at a duty paid value of N774, 282, by the Nigerian Customs Service within the first quarters of 2016. Speaking yesterday ...

  • Nigeria: Nigeria Rising Global Business Hub, Says French Investor

    [Vanguard] Dr Pascal Lorot, founder of France-based Insitut Choisuel, a socio-economic organisation, said Nigeria was one of the promising business hubs in the world.

  • APC, PDP trade words as WAEC withholds Bayelsa’s results

    The Bayelsa State chapter of the All Progressives Congress (APC), on Tuesday, lamented that the West African Examination Council (WAEC) has withheld the results of the state’s indigenous candidates. The party said the examination body took the action following the inability of the state government led by Mr. Seriake Dickson, ...

  • National Assembly summons Ngige over NSITF employment scam

    Leke Baiyewu, Abuja The National Assembly has summoned the Minister of Labour and Productivity, Senator Chris Ngige, over alleged recruitment scam at the Nigerian Social Insurance Trust Fund. Ngige is to appear before the lawmakers on Tuesday (today). The Senate and House of Representatives Joint Committee on Employment, Labour and Productivity ...

  • Nigeria’s recession drags West Africa’s GDP down – ECOWAS

    The President of the ECOWAS Commission, Mr. Marcel de Souza, says the recession being experienced in Nigeria has a negative impact on the sub-region’s overall economic performance. De Souza said this while presenting the Community Status Report at the ongoing Second Ordinary Session of the ECOWAS Parliament in Abuja on ...

  • Reps charge FG on Nigerian students arrested in Turkey

    The House of Representatives on Tuesday urged the Federal Government to explore all diplomatic means of rescuing the student arrested by the Turkish Gvernment and resolve the issue. The House also mandated its committees on Foreign Affairs, Diaspora Matters, Interior and Tertiary Institutions to investigate the matter and report back ...

  • Nigeria pays ECOWAS $54m community levy

    The Economic of West African States has said Nigeria paid $54m as part of its obligation to the Community Levy for 2015 to implement programmes and projects in the sub-region. The group’s Commissioner for Finance, Mr Allieu Sesay, said this at the Second Ordinary Session of the ECOWAS Parliament in ...

  • Nigeria Will Be An Agric Business Success – Obasanjo

    Former President Olusegun Obasanjo has said that he is hopeful that Nigeria will be an Agric business success. The former president stated this while briefing newsmen at the 2nd Group Meeting of the Nigeria Zero Hunger Strategic Review 2030, which held in Abuja on Tuesday. Obasanjo while reacting to questions ...

  • Nigeria: N169 Billion Portfolio Investment Escapes Nigeria in Seven Months

    [Daily Trust] Lagos -A total of N168.77bn foreign capital escaped Nigeria within seven months, the foreign portfolio investment (FPI) record of the country reveals.