archiveFebruary 20, 2019

  The Federal Government of Nigeria has expressed willingness to reduce oil output to help secure higher prices, the spokesman for President Muhammadu Buhari said in a statement on Wednesday. The pointer to this effect was given after an envoy from Saudi Arabia called on Nigeria to adhere to a...

Professional services firm, PricewaterhouseCoopers (PwC) has predicted a possible rise in Nigeria unemployment rate and slow economic growth in 2019. The predictions are contained in a report titled ‘Nigeria Economic Outlook Top 10 themes for 2019’ that examines Nigeria’s economic prospects in the  year. PwC predicted that Nigeria’s economic recovery...

  A total of transactions worth N39.15 trillion were carried out in the fourth quarter of 2018 in Nigeria, the National Bureau of Statistics (NBS) has said. This was disclosed in the ‘Selected Banking Sector Data’ posted on the bureau’s website on Wednesday. The N39.15 trillion transactions were derived from...

  The Independent National Electoral Commission (INEC) has now concluded that the All Progressives Congress, APC, in Rivers State, will not be fielding candidates in the 2019 general elections. INEC Chairman, Mahmood Yakubu, put an end to the matter when he addressed the press in Abuja on Wednesday ahead of...

  The Federal Government of Nigeria has directed the immediate payment of February salaries to enable workers wishing to travel for Saturday’s Presidential and National Assembly election to do so without any difficulties. The Minister of Information and Culture, Alhaji Lai Mohammed, made this known when he briefed State House...

  The presidential candidate of the National Interest Party (NIP), Eunice Atuejide, has withdrawn from the 2019 presidential race. Atuejide announced this in a statement she personally signed and made available to journalists on Wednesday in Abuja. According to the 39 year-old politician, she has learnt enough to realise that...

The Nigerian Investment Promotion Commission (NIPC) has granted approval for Pioneer Status Incentive (PSI) to nine companies with an investment of ₦277.4 billion in the fourth quarter of 2018. The commission made the disclosure in its “Report On Pioneer Status Incentive Application Q4 2018”, on its website on Wednesday. It...

The founder and general overseer of the Omega Fire Ministry International, Apostle Johnson Suleman, has warned his congregants against casting their votes for someone “who will cut their neck”. In a video making the rounds on social media, Suleman said God told him that it was better to vote for...

The Independent National Elector Commission (INEC) has said  that all electoral offenders will be punished according to the provisions of the electoral act. The chairman of the commission, Mahmood Yakubu made this known on Tuesday, reacting to the president’s comment on ballot box snatchers. “The position of the commission is...

  The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics on Tuesday....