The United Nations say Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for West Africa and the Sahel (UNOWAS)’ on Monday in New York. The report, which covered from […]
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Nigeria’s 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has projected. The report by the UN Secretary-General on the ‘Socioeconomic Trends’ West African sub-region, forecasted an economic rebound in the West Africa sub-region in 2019. “The region’s economic growth […]
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Thirteen African countries have been ranked higher than Nigeria in Forbes Magazine’s Best Country for Business ranking for 2019. Nigeria emerged as the 110th Best Country for Business, below South Africa, ranked 59, Morocco (62), Seychelles (66), Tunisia (82), Botswana (83), Rwanda (90), Kenya (93), Ghana (94), Egypt (95), Namibia (96), Senegal (100), Zambia (103) […]
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India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping ₦719.2 billion of crude and ₦37.7 billion of natural gas exports from the country. India also bought cashew nuts worth ₦4.7 billion. The News Agency of Nigeria stated that the latest figures from the National Bureau of Statistics, covering July, August and […]
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The Netherlands announced Wednesday it was prepared to welcome some of the 32 migrants waiting to disembark from a Dutch-flagged vessel in the Mediterranean, if other countries did the same. “The Netherlands has indicated a readiness to possibly take in a proportional number of migrants who are on board Sea-Watch 3, on condition that other […]
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The United States, U.S Ambassador to Nigeria, Amb. Stuart Symington has said that Nigerians represent the real and sustainable wealth of their country. He said true leadership must showcase in the people. Symington made the remarks at the African Business Conference Plus 2018 with the theme: “Human Capital: The key to Africa’s Transformation” The conference […]
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By Emeka Obasi President Emmanuel Macron is a home boy and cares less about protocol. The same Kalakuta Republic that was burnt down by our maximum dictators in 1977 came back as Fela’s Shrine and hosted the French President in June, 2018. Macron may not be weird but he has a lot of Kalakuta blood […]
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President Muhammadu Buhari, has vowed to make the country’s aviation industry a pride in Africa. He said the federal government owed Chinese government $69.3 million counterpart fund for the construction of four airports under the project. The four airports are Abuja, Lagos, Port Harcourt and Kano. The President, at the commissioning of the new terminal […]
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Vice President, Yemi Osinbajo, says Nigerians everywhere deserve to live healthy, educated and productive lives, regardless of where in Nigeria they reside, what God they worship or language they speak. Osinbajo said this on Friday in Abuja while addressing the extended National Economic Council (NEC) meeting with focus on Human Capital Development (HCD) held at […]
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One of the leading hypermarket chain stores in the country, Spar Nigeria, has announced the opening of its 14th store; the largest of its outlets in Opebi, Lagos. The opening of the store which coincided with its Black Friday Sales recently, saw the hypermarket offering its customers a discount of 70 per cent in every […]
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The wife of the president, Mrs. Aisha Buhari, yesterday alleged that two powerful personalities have constituted themselves as a cog in the wheel of speedy development of the country. The president’s wife who spoke at a conference organised by Project 4+4 in Abuja, however, did not mention the names of the powerful persons. She explained […]
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The World Bank has projected a slow growth in Nigeria’s economy in 2018 in its latest report. According to the report on Nigeria’s bi-annual Economic Update on Wednesday, the country’s Gross Domestic Product growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services. In the report, […]
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