Economy

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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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 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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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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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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    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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  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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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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By Maxwell Adeyemi, Ado-Ekiti   The Judicial Commission of Inquiry set up by the Ekiti State government to look into the state’s finances between October 2010 and September 2014 has commenced sittings.   At the proceedings of the panel on Monday in Ado-Ekiti, the first witness disclosed that a total sum of N163, 267,220,048.07 was received from the federation account while the ...

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By Olaolu Oladipo, Lagos with agency reports Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at 52.06 dollars a barrel by 0715 GMT. United States light crude was 35 cents higher at 47.72 dollars. “U.S. crude oil stocks have been falling consistently in recent ...

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