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The National Bureau of Statistics (NBS) released its GDP data for the fourth quarter of 2015 showing that not surprisingly growth in Nigeria, Africa’s biggest economy, slowed as oil prices fell and manufacturing sank deeper into recession. We looked at the report to bring out areas where the economy is still growing that our readers […]

The republic of Ireland have rejected and returned five containers of beans exported from Nigeria after the products were received with heaps of weevils. Nigeria is currently under a ban from the European Union for exportation of goods, but it is not clear whether the beans was exported. Minister of state for Agriculture, Mr Heineken […]

The restructuring of the Nigerian National Petroleum Corporation (NNPC) which was announced by the Minister of State for Petroleum Resources Dr. Ibe Kachikwu yesterday is causing a new rift as Oil workers have shut down the operations of the Nigerian National Petroleum Corporation (NNPC) nationwide until further notice following the unbundling of the corporation. The […]

The Debt Management Office (DMO) on Wednesday said that Nigeria will raise N100 billion naira in local currency denominated bonds with maturities ranging from between 5 and 20 years on March 16. The DMO said it will raise 40 billion naira at par in the local bond maturing in 2036, 40 billion naira of the […]

Telecoms giant MTN Group this week, strongly denied that it plans to list on the Nigerian Stock Exchange (NSE). In a statement issued by MTN’s Corporate Affairs Executive, Chris Maroleng, the group described the reports as untrue, stating that the listing of MTN Nigeria remains a consideration and not a planned listing, as suggested in […]

President Buhari has staunchly defended his opposition to the devaluation of the Nigeria and also defended the current capital controls introduced by the CBN. One of his major talking points are toothpick manufacturing. He claims, Nigerian imports everything including toothpick. This video demonstrates how they are manufactured and why it is probably not as easy […]

General Electric (GE) has announced that it will partner Dangote Group for cement production in Africa. Chairman of Dangote Group, Aliko Dangote, has said earlier that his company should be able to generate about 12,000 megawatts of electricity for the country by 2018 and his business estate would start selling foreign exchange to the Central […]

A five-storey building which collapsed in the early hours of Tuesday in the Lekki area of Lagos, has resulted in the death of six persons while 15 other persons sustained various degrees of injury. The rescue effort by agencies of government was still ongoing at the time of this report. Three dead bodies were first […]

Yunusa Dahiru, alleged abductor of Ese Oruru was arraigned before a Federal High Court in Yenagoa on Tuesday charged with abduction, kidnapping, unlawful carnal knowledge and sexual exploitation. The News Agency of Nigeria (NAN) reports that Yunusa was arraigned before Justice H. A. Nganjiwa amid tight security. According to charge sheet No: FHC/YNG/17c/2016, the case […]

The Lagos State Government on Tuesday said it would apply the relevant laws to ensure that more Lagosians voluntarily pay their taxes, just as it warned that tax evaders and defaulters would be prosecuted. State Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, who stated this during a press conference held at the Bagauda […]

Members of the Ekiti State House of Assembly have raised the alarm over plots to coerce them into impeaching Governor Ayodele Fayose, saying a sum of $1 million was being promised some of the members that will be ready to be part of the impeachment plot. The Assembly members, who vowed not to collaborate with […]

Barrister Emeka Etiaba (SAN), Counsel to Chief Olisa Metuh, the National Publicity Secretary of the Peoples Democratic Party (PDP), has denied reports that the embattled Metuh was in court on Monday in solidarity with former Chief of Defence Staff, Alex Badeh. Etiaba stated that it was only a coincidence that the duo met in court […]