Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said that there was no better time to diversify the Nigerian economy than now because the era of crude oil boom was over and that the commodity can never rise above $100 a barrel anymore as Was the case few years ago.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday insisted that neighbouring countries must engage with Nigeria before the Nigerian border is reopened.
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21 percent increase on the N43.22 billion contributed by the sector in 2016.
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report released in Abuja on Sunday reveals that the solid Minerals sector contributed N52.75 billion to the federation revenue in 2017.
Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows with its neighbours.
A Public Affairs Analyst, Mr. Carl Umegboro, has commended President Muhammadu Buhari on the recent 15 places rise rating of Nigeria in the latest index from the World Bank.
The International Monetary Fund (IMF) has said the sustained closure of the Nigerian land borders is hurting economies of Benin Republic and Niger Republic.
In the World Bank’s 2018 report, titled, “Nigerians Living abroad sent $22bn home in 2017”, the Bank noted that the top recipients of the Diaspora remittances in the world were India with $69bn, Chile ($64bn), Philippines $33bn, Mexico $31bn, Nigeria $22bn and Egypt $20bn
This is a sharp departure from the IGR generations from the previous administrations in the state as records revealed that the state’s IGR during the era of Senator Abiola Ajimobi was between N2billion and N2.5billion.
Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.
Lagos State Governor Babajide Sanwo-Olu has disclosed that the State Government is in the process of acquiring an estimated 32,000 hectares of farmland for rice cultivation in seven states.
The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index rose to 11.24 per cent in September, barely a month after the border closure.
The news of the day in the world of football is Tottenham Hotspur sacrificing long-term success for a quick fix and hiring José Mourinho.
Two additional advisers will testify Thursday as the U.S. House of Representatives holds a marathon week of public hearings on the impeachment inquiry into President Donald Trump.
A teenager who choked a man to death after meeting him on dating app Plenty of Fish had Googled ways to ‘kill and get away with it’, a court heard.
Teachers under the Kwara State Universal Basic Education Board (SUBEB) yesterday urged Governor AbdulRahman AbdulRazaq to pay their four months’ salary arrears.
“We are now in confusion because those abducted were four males and two women. Among the women was a nursing mother known in this community as Matar Ghali. They took her away while the husband Ghali escaped. Gambo and Bukar are among those abducted. These are all poor people and so far we have identified six people that were abducted,” he said.
The governorship election in Kogi State has commenced with Gov. Yahaya Bello who is seeking re-election casting his vote at his Upogoro-Odenku Ward in Okene Local Government at about 8:50 am.
The Governorship candidate of the People’s Democratic Party (PDP) in Ogun State during the 2019 general election, Senator Buruji Kashamu, has congratulated President Muhammadu Buhari and the All Progressives Congress (APC) for winning the November 16 governorship elections in Bayelsa and Kogi states.
Thugs in police uniform have invaded Ward A of Crowther Memorial/Sabongari polling unit in Lokoja, Kogi State and successfully carted away eight ballot boxes after sporadic shooting.
Manchester United legend Roy Keane has delivered a brutally honest assessment of Declan Rice following his performance for England on Sunday.
Diego Costa has been diagnosed with a cervical disc herniation in a fresh blow to goal-shy Atletico Madrid.