archiveMay 2017

The International Monetary Fund (IMF) said on Wednesday that Nigeria’s indebtedness would climb to 24.1 per cent of its Gross Domestic Product (GDP) by 2018. Nigeria ended 2016 with a debt to GDP ratio of 18.6 per cent while at the end of 2015, Nigeria’s debt to GDP ratio stood...

• With continued progress in agric • Manufacturing & non-oil sectors turnaround • Increasing reduction in sectoral negative growth In an encouraging indication of a steady, even if slow progressive pace, the Nigerian economy is emerging out of recession. According to a press statement by the Senior Special Assistant to...

Acting President Yemi Osinbajo, SAN, has strongly condemned the despicable terrorist attack on innocent people in Manchester, United Kingdom yesterday, Monday, May 22, 2017. On behalf of the people and Government of Nigeria, Prof Osinbajo expresses heartfelt condolences and solidarity with the government and people of the United Kingdom in...

Acting President Yemi Osinbajo, SAN, has received the news of the death of Mr. Chukwuma Onuekwusi, Channels TV State House Correspondent with great sadness. Prof Osinbajo extends heartfelt condolences to his family, as well as the Channels TV family on the very sad passing of Mr Onuekwusi. He also commiserates...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the end of its two-day meeting on Tuesday left all policy rates unchanged as it maintained the Monetary Policy Rate (MPR) unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, who announced the decision of...

The Nigerian Stock Exchange recorded a modest appreciation on Tuesday trading as the All-Share Index ( ASI) and the Market Capitalization increased by 0.05 per cent, while the year-to-date return stood at 4.53 per cent. The All-Share Index closed at 28,093.30 against the previous close of 28,078.30 while Market Capitalization...

The Federal Road Safety Corps (FRSC) said on Tuesday that the call by Governor Akinwunmi Ambode of Lagos State for its personnel to restrict their activities to city suburbs and the highways had negative implications. Mr Shehu Zaki, an Asst. Corps Marshal and Zonal Commanding Officer (Zone 2), of the...

The Teachers Registration Council of Nigeria (TRCN) says the mandatory Professional Qualifying Examination (PQE) for qualified teachers who want to register with the council will commence in October. Prof. Josiah Ajiboye, the Registrar, TRCN made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on...

Nigeria's economy stayed in recession in the first quarter and shrank more sharply than thought at the end of last year, data showed on Tuesday, as signs of growth in the oil sector fuelled hopes of an upturn in coming months. The economy shrank by 1.5 percent in 2016 for...

The Nigerian Bureau of Statistics INBS) said on Tuesday that the nation's economy shrank by 0.52 per cent year-on-year in the first quarter, having contracted 0.67 percent in the same quarter of 2016. According to NBS at the end of the first quarter of 2017, the nation’s Gross Domestic Product...