The International Monetary Fund, IMF, has revised upward its growth forecast for the Nigerian economy in 2021 to 2.5 per cent from its earlier projection of 1.5 per cent it announced in January. The IMF announced the new projection in its World Economic Outlook Update. This is just as there are strong indications that Nigeria […]
More than 130 choice assets have been bought with looted funds in Dubai, United Arab Emirates (UAE), by some Nigerian ex-Governors, Ministers and Senators. These assets are among the over 800 traceable to Nigerians in the UAE, including top Security and Military Officers, even as bribery and corruption, proceeds from commercial tax evasions, illicit activities engaged […]
The number of Telecom subscribers in Nigeria has dropped by 11.84 million in four months. This is according to latest industry statistics from the Nigerian Communications Commission. The recent report shows that Telecommunications operators in the country recorded yet another loss of 4.13 million active subscribers in February 2021, as the industry recorded 195.73 million […]
The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of 4.07 Trillion Naira into the Federation Account between 2010 and 2016. The Management of the NNPC had appeared before the Senate panel penultimate week to explain how the ₦4.07 Trillion Naira was spent. The firm […]
The House of Representatives has resolved to carry out an investigative hearing as well as a comprehensive audit of funds spent on rehabilitation, repairs and maintenance of Nigeria’s refineries. This followed the adoption of a motion of urgent public importance by Hon Onfoik Luke (PDP-Akwa-Ibom) at plenary today in Abuja. Moving the motion, Luke said […]
The Federal Government will allocate half a percent of Nigeria’s Gross Domestic Product (GDP) to research and innovation in a determined effort to enhance the country’s economic growth and development. This was disclosed in a speech delivered by President Muhammadu Buhari at the opening of the 2021 Technology and Innovation Expo themed “Science, Technology, and […]
The House of Representatives has called on the Federal Government to ensure that the £4.2million Ibori loot be returned to Delta State. The Lawmakers insisted that the funds were stolen from Delta State and as such should rightly be returned to the State; adding that the funds are needed for the infrastructural development of the […]
The Nigeria Labour Congress, NLC, has staged a nationwide protest over proposed amendments to the minimum wage for Nigerian workers. This protest which is being coordinated from the Federal Capital Territory (FCT), Abuja, on Wednesday, Marrch 10, 2021, is said to be holding following attempts by some Lawmakers at the National Assembly to remove the […]
• Advocates scaling-up of national projects • Says building 300,000 housing units in a year not too ambitious Rather than adopt a policy that prohibits cryptocurrency operations in the country, “we must act with knowledge and not fear” and develop a robust regulatory regime that is thoughtful and knowledge-based, according to Vice President Yemi Osinbajo, […]
Women, especially in Africa, have been advised to borrow a leaf from the appointed Director-General of the World Trade Organisation (WTO), Dr Okonjo-Iweala, by becoming the best in their chosen endeavours to strengthen the narrative of gender inclusion and a better society. The advise was contained in a congratulatory message released by the Nigeria Association […]