News

The World Bank yesterday upgraded its forecast for Nigeria’s economic growth to 1.2 per cent for 2017, citing improved oil production due to decreased militant activities. The World Bank disclosed this in its June 2017 Global Economic Prospects report, saying:  “Nigeria is forecast to go from recession to a 1.2 percent growth rate in 2017, gaining speed to 2.4 percent …

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The Senate has lamented that the current regime of high interest rates; between 28-30 per cent for the private sector, have continued to place a major burden on business investments, thereby negatively impacting the survival of Nigerian businesses. The Senate noted further that only about three per cent of Small and Medium Scale Enterprises (SMEs) have access to credits from …

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Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it harder to hide stolen funds abroad. Adesoun spoke when she chaired a showcase session on the second day of the …

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The National Bureau of Statistics has said that the number of Nigerians who became unemployed rose by 2.1 million to 11.55 million at the end of 2016 from 9.48 million at the beginning of the year. The NBS stated this in its unemployment report, which was released on Monday night. The NBS report stated that the unemployment rate was highest …

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Gone are the days of waiting for weeks for a love letter to arrive from your lover who is either near or far away. You do not need to go through this stress now; you can simply call or send an instant message via WhatsApp or BlackBerry Messenger. However, as a result of this, there is little or no romance …

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The Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday said it was shameful that the country had continued to import finished petroleum products. According to him, the country has to stop importing the products, adding that the Federal Ministry of Petroleum Resources was committed to making this happen. The minister disclosed this in several messages on his Twitter …

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A coalition of Northern groups, including the Arewa Youth Consultative Forum, on Tuesday, gave all Igbos resident in the 19 states of the North a three-month ultimatum to quit  or be forced out after the expiration of the October 1, 2017 deadline. “We are also telling our brothers (northerners) out there in the South-East to get prepared to come back …

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Two containers load of pirated films and restricted drugs from China was on Tuesday handed over to the National Agency for Food and Drugs Administration and Control (NAFDAC) by the Customs Area Controller of the Kirikiri Lighter Terminal Command, Lami Wushishi. The two containers were laden with Augmentin 625mg, pirated films and Laclox, a restricted drug that is injurious to …

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(BBC) South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March. The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the final quarter last year. It is the first time that economic has slowed for two consecutive quarters – the technical definition of …

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… As Dakuku Woos Investors, assures of conducive environment The Minister of Transportation, Rt. Honourable Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into. The Minister who made this known while speaking at the “Africa @ Nor” session of the recently concluded Nor-Shipping 2017 which held at Lillstrome, Norway, …

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