Metro

The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the investment inflow of $16.81bn for 2018 represents an increase of $4.59bn or 37.49 per cent when compared to the $12.22bn attracted in the 2017 fiscal period. …

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The Management of Eterna Plc has concluded plans to establish not less than 200 petrol stations in the next five years from the 35 it currently operates. Speaking in Lagos on Tuesday, Managing Director, Mahmud Tukur also declared that market forces should determine the pump price of petrol as subsidy payments currently borne by the government is not “sustainable”. According …

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An ambitious platform designed to bring together business leaders in Africa to collaborate with heads of government and other stakeholders to tackle basic health challenges in Africa has been launched in Addis Ababa, Ethiopia with assurances from government to collaborate for a healthier Africans. The platform, African Business Coalition for Health (ABC Health) was launched with commitments by all partners …

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Nigeria’s economy grew 1.9 per cent in 2018, the National Bureau of Statistics said on Tuesday, just days from an election in which the pace of growth is a campaign issue. The NBS said gross domestic product also rose by 2.38 per cent in the fourth quarter of 2018 compared to the same quarter in 2017. Growth accelerated from the …

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The All Progressives Congress (APC) says the attack on President Muhammadu Buhari, Adams Oshiomhole, national chairman of the party, and other leaders at a rally in Ogun state were sponsored by Ibikunle Amosun, governor of the state. Aggrieved persons threw objects at the president after he raised the hand of Dapo Abiodun, the APC governorship candidate in the state, at the …

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The United Kingdom says it will deploy more than 100 observers across 15 states for the elections in Nigeria. The British High Commissioner to Nigeria, Ms Catriona Laing, said this on Tuesday while discussing the UK’s efforts to support free, fair and credible elections in the country. The presidential and National Assembly elections have been slated for February 16, 2019. …

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American economist Paul Krugman, a Nobel laureate in 2008 and one of the most influential economists in the United States, has gone out on a limb to predict a worldwide recession this year. Krugman said there’s a decent chance the world economy is headed for a recession this year and not for a soft landing as other economists expect. Krugman …

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Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of the nation’s financial system as a way of justifying the confidence reposed in them through their appointment. The Chairman, Mrs Ronke Shokefun stated this at the opening ceremony of the …

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Nigeria’s Gross Domestic Product GDP growth rate increased to 2.38 per cent (year-on- year) in the fourth quarter of 2018 (Q4, 2018), indicating a 0.55 percentage rise compared to the 1.81 per cent growth recorded in the preceding quarter, according to the National Bureau of Statistics (NBS). This also represented an increase of 0.27 per cent when compared to the …

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The Chief Executive Officer of Papas Group, Mr. Frank Okamigbo, has joined his voice to the voices of the noble men and women of the great nation calling for a peaceful, free, fair and a violence free election. Speaking with newsmen in his office, the UN Youth Ambassador for Peace expressed an immeasurable concern on how deep violence has eaten …

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