Economy

Nigeria must borrow responsibly – Shehu Sani

The Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, says if Nigeria must borrow, it must borrow responsibly. Sani gave the advice in a meeting with the Ministers of Transportation; Finance; Budget and National Planning and Power, Works and Housing on Thursday in Abuja. The meeting was in connection with President Muhammadu Buhari’s loan request of 5.5 ...

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Archbishop says prayers alone won’t solve Nigeria’s corruption problem

The Catholic Archbishop of Lagos, Most Rev. Adewale Martins, has urged Nigerians to go beyond prayers in the fight against corruption by imbibing and practising values that witness to honesty and nobility. Martins said this in Lagos on Thursday at the 10th Anniversary of the Anthony Cardinal Okogie Annual Lecture entitled: Creating a Corrupt-Free Society in Nigeria: The Role of ...

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Buhari re-appoints Orji as boss of Sovereign Fund

President Muhammadu Buhari has re-appointed Mr. Uchechi Orji as Managing Director of the Nigeria Sovereign Investment Authority (NSIA). This is contained in a statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Thursday. Orji was first appointed in October 2012 for an initial term of five years, renewable for another term of ...

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Yoruba leaders give condition for one Nigeria, propose six regional structure

Despite President Muhammadu Buhari’s recent declaration that the power to restructure lies with the National Assembly and National Council of State, the people and leaders of the Yoruba in the South-west, Kogi and Kwara States and the Diaspora have demanded for a six-regional structure as a condition for an indivisible country. They have also recommended the devolution of 25 items ...

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All new Jaguar Land Rover cars to have electric option from 2020

All new Jaguar Land Rover cars will be available in an electric or hybrid version from 2020, Britain’s biggest carmaker said on Thursday as it speeds up plans to electrify its model range. Last year the company, owned by India’s Tata Motors (TAMO.NS), said it would offer greener versions of half of its new line-up by 2020, but it has ...

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Recession: There is more to be done – APC

The All Progressives Congress (APC) said on Wednesday that the country’s exit from recession was in tandem with the campaign promises of President Muhammadu Buhari that the nation will experience economic growth in 2017, but said however that a lot of work still need too be done. The party dismiss the statement credited to the main opposition party, the PDP that ...

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Effects of exiting recession won’t be immediate, says bureau

The Chief Executive Officer, National Bureau of Statistics (NBS), Dr Yemi Kale, has said that the effect of Nigeria coming out of recession will not be immediately felt by the people. Kale made the statement in Abuja on Wednesday at a news conference. “There is a different stage Nigeria must go through before the masses will feel the effects of ...

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Fayose to release N122.3m for projects in 14 communities tomorrow

    Ekiti State Governor, Mr Ayodele Fayose will present cheques worth N122.3 million to 14 communities in the State for the various projects under the Ekiti State Community and Social Development Agency (EKCSDA) on Wednesday, September 6, 2017.   According to a statement by his Special Assistaant on Public Communications, Mr Lere Olayinka, the Governor will also launch the ...

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Doctors in Lagos shun strike, attend to patients in healthcare facilities

  As resident doctors began an indefinite nationwide strike, normal medical activities were still going on in the three affected Federal and State Government-owned health institutions visited on Tuesday in Lagos. The affected hospitals were the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos; Lagos State University Teaching Hospital (LASUTH), Ikeja and the Federal Neuro-psychiatric Hospital, Yaba. The National Association of ...

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Inflation drops to 16.05 % in July, says Bureau of Statistics By Mukaila Akodu, Lagos

The National Bureau of Statistics (NBS) has stated that the country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 per cent in July from 16.10 per cent in June. The NBS disclosed this in its CPI July 2017 report released on Monday in Abuja, adding that the headline inflation again reduced to 16.05 per cent (year-on-year) in July ...

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