The Inequality report released by Oxfam International on Wednesday, revealed that the combined wealth of five richest Nigerians, put at $29.9 billion, could end extreme poverty in the country. The report, entitled ‘Inequality in Nigeria, Exploring the Drivers and obtained in Abuja, exposed the large and growing gap between the rich and poor in Nigeria. It revealed that the benefits …
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A retired Reproductive Medicine consultant at the University College Hospital, (UCH), Ibadan, Prof. Modupe Onadeko, says 7 out of 10 Nigerians are hypertensive. She added that 50 per cent of this 7 are unaware of their condition and the remaining half are just not bothered to seek medical help to treat this condition. Onadeko disclosed this on Wednesday in an …
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The Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC), Rev. Tor Uja has described the Nigerian youth as the most energetic and vibrant in the world. He made this known during a courtesy call on him in Abuja by the leadership of the Nigerian Youth Parliament led by its speaker Rt. Hon. Ayodele John Ode. He stressed that the …
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The Minister of Budget and National Planning, Senator Udoma Udo Udoma has said that the country’s economic situation is changing for the better as the macroeconomic environment is being stabilized and inflation rate trending downwards in the last two months. According to him, government interventions, particularly in fixing the broken infrastructure, is making impact and there are positive signs …
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From Left: Mr. Yinka Sanni, Group CEO, Stanbic IBTC Holdings Plc; Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mr. Atedo Peterside, outgoing Chairman, Stanbic IBTC Holding Plc; Mrs. Abiodun Peterside (his wife); ); Mr. Basil Omiyi , Chairman, Stanbic IBTC Holdings Plc at the Closing Gong Ceremony in honor of the erstwhile Chairman of Stanbic IBTC …
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More than 1.2 million adolescents across the world die annually of mainly preventable causes including road traffic injuries, lower respiratory infections and suicide, the World Health Organisation reported on Tuesday. With more than two-thirds of recorded adolescent deaths in 2015 taking place in low and middle-income countries in Africa and south-east Asia, WHO said. It said that most of the …
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The National Bureau of Statistics said the average price of imported rice decreased by 7.22 per cent, as one kilogramme was sold for N250.30 in April from N418.71 in March. The NBS stated this in its“Selected Food Price watch data for April 2017” released on Tuesday in Abuja. It, however, stated that the average price of 1kg of rice (imported …
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US auto giant Ford is poised to cut thousands of jobs worldwide, with reductions expected to total about 10 percent of its global workforce, the Wall Street Journal reported late Monday. A source confirmed to AFP that massive job cuts are planned at Ford in the coming days, affecting as many as 20,000 salaried workers. America’s second largest carmaker, Ford …
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The senate has summoned Rotimi Amaechi, minister of transport, to explain why the eastern corridor of the country’s rail lines was excluded from the proposed loan from the China Exim bank. President Muhammadu Buhari had in April sent a letter to national assembly seeking the approval of the lawmakers to borrow $5.851 billion for the upgrade of various sections of …
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After 15 months on the rise, the consumer price index (CPI) which measures inflation rate in the Nigerian economy has been on the decline, dropping for the third consecutive month. According to the National Bureau of Statistics (NBS), inflation rate dropped to 17.24 percent (year-on-year) in April, declining by 0.02 percent from the figures recorded in March, 2017. “This is …
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