The American Business Council (ABC), has congratulated the Federal Government on the new national economic growth blueprint, the Economic Recovery and Growth Plan (ERGP), launched recently by President Muhammadu Buhari. The council, which promotes Nigeria-America economic partnerships, while endorsing the ERGP, said the objectives and strategies of the growth plan are commendable as it focuses on restoring growth through macroeconomic …

The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at $11.41 billion while the domestic debts was N14.02 trillion in 2016. The NBS stated in “Nigerian Domestic and Foreign Debt – 2016’’ data posted on its website on Wednesday in Abuja, that the sum reflected states’ and federal debt stock. The report showed that $7.99 billion of the …

The Executive Secretary of the Nigeria Christian Pilgrim Commission, Rev. Tor Uja has said that the Commission would strive to maintain the record of zero mortality as recorded during the 2016 Pilgrimage exercise to Israel, Rome and Greece. He made the disclosure in Abuja while receiving the report of the Federal Medical Committee for the 2016 pilgrimage Exercise to Israel, …

Guaranty Trust Bank (GTBank) Plc, FirstBank and United Bank for Africa (UBA) Plc wednesday were readmitted into the spot and wholesale forwards segment of the foreign exchange market by the Central Bank of Nigeria (CBN) after the three lenders were able to provide the banking system regulator with evidence that they had been selling FX to Small and Medium Scale …

Prominent human rights lawyer faces a prison term of 150 years if convicted on 10 counts of royal defamation under Thailand’s harsh royal insult law, Thai Lawyers for Human Rights said on Thursday. Prawet Prapanukul, 57, provided legal assistance to members of a political opposition group, the United Front for Democracy Against Dictatorship, and served as legal counsel in a …

Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday. Profit after tax came in at $3.538 billion (3.240 billion euros) in the three months to March, compared with $484 million in the first quarter of 2016, the Anglo-Dutch group said in a …

The Indian men’s football team on Thursday climbed to the 100th spot in the latest FIFA world rankings — their best rating in more than two decades. Despite having a population of well over one billion, India languishes as a footballing minnow, ranked equally alongside Nicaragua, Lithuania and Estonia in a global table headed by Brazil. India — where the …

A Benin High Court in Edo State has sentenced a 58-year-old woman to six years imprisonment for trafficking an 18-year-old girl to Kuwait and Saudi Arabia. Mrs. Joy Raji, mother of seven, who hails from Ikpoba-Okha LGA of the state had in January, 2016, been arraigned before Justice Alero Edodo-Eruaga on three counts ‎bothering on deceitful inducement, forced labour and …

Following the successful launch of its mobile phones into the Nigerian market, Fero Mobile has embarked on a nationwide activation campaign to showcase the full range of its affordable devices to consumers. The brand will be visiting ICT markets, shopping complexes and tertiary institutions across the South-West, South-East and South-South parts of the country in the month-long roadshow. Speaking during …

As part of its re-engineering drive to close some branches, Ecobank may have resolved  to lay-off more of its workers. Considering the arrangement at hand, Ecobank is to step up its digital platforms as part of measures to cut cost and ensure efficiency. In an interactive session with Reuters on the sidelines of the World Economic Forum for Africa in …