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US Call For Fresh Probe Of Adesina, Plot To Destabilise AfDB

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The call by the  United States, US government for a fresh and in-depth investigation into the allegations against the President of African Development Bank, AfDB Mr Akinwumi Adesina, after he was cleared of all allegations of impropriety and fraud by the ethics committee recently, is seen as a plan to destabilise the bank. On May 5, the ethics committee...

VIPs In Lagos, Abuja Responsible For Oil Theft In Niger Delta — Sen. Dickson

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Let’s Work For Better 2024 – Sen Dickson Urges Nigerians

Senator Seriake Dickson representing Bayelsa West said some very important personalities (VIPs) from Lagos and the Federal Capital Territory, Abuja, are behind oil theft in Niger Delta. Dickson stated this in an interview on Channels Television on Friday. The two-term governor of Bayelsa State said the official system and oil companies are beneficiaries of oil theft in the Niger Delta. According to...

Nigeria Ranked 31st Most Productive Economy In 2022, Says Report

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Nigeria Ranked 31st Most Productive Economy In 2022, Says Report

Nigeria has been ranked 31 in the list of most productive economies in 2022 based on Gross Domestic Product (GDP) according to a report. In the ranking, the United States of America came first, followed by China and Japan in the third position. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are...

Buhari Set To Unveil Redesigned Naira Notes On Wednesday – Says Emefiele

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Buhari Set To Unveil Redesigned Naira Notes On Wednesday – Says Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the President, Major General Muhammadu Buhari (retd.), will on Wednesday unveil the newly designed naira notes. Emefiele disclosed this in Abuja during the Monetary Policy Committee monthly meeting on Tuesday. The newly designed naira notes to be unveiled are N1,000, N500 and N200 notes. According to the governor, the...

Back Up Employment With Productivity, Reduce Expenditure — Sen. Kalu Counsels FG, States

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Senate Chief Whip, Sen. Orji Uzor Kalu has called on federal and state governments to think out of the box and reduce the creation of ministries, departments and agencies, saying employment creation through such means increases recurrent expenditure. He urged them to increase the manufacturing and agricultural sectors to generate sustainable employment that will benefit the economy and people. Speaking with...

South African President Ramaphosa Appoints Okonjo-Iweala Head Economic Advisory Council

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South Africa's President Cyril Ramaphosa has reportedly appointed Dr. Ngozi Okonjo-Iweala as the Head of the country’s Economic Advisory Council. ABN TV reports that South Africa entered its second recession in two years in the final quarter of last year as agriculture, transport and construction contracted, data showed on Tuesday, highlighting the impact of power cuts on the nation’s economy. Statistics...

Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF

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Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF approved the Rapid Financing Instrument, which the Federal Government plans to use to address the economic impact of the...

Group Condemns Destruction Of Ship With 800,000 Barrels Of Stolen Crude Oil

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The Health of Motherland Foundation, HOMEF, has condemned the recent destruction of a vessel loaded with 800,000 barrels of stolen crude oil by a Nigerian military helicopter after the vessel was seized and the crew detained, describing the act as “unacceptable environmental pollution.” HOMEF Executive Director, Ninmong Bassey while reacting to the manner the vessel was burnt in a statement...

Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria

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The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...

Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of 2021. Ahmed spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning. Nigeria, on Saturday, entered...

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