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Allocation Mechanism

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.

Recession: The worse may be possibly over – Lagos chamber

The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.

Recent Stories

Retired director escapes as gunmen kidnap four in Abuja

Gunmen suspected to be kidnappers have abducted four persons at Mararaban Kuchichanchan, along Pai road, Kwali Area council of Federal Capital Territory.
Sultan of Sokoto, Muhammadu Saad Abubakar, has expressed concern over the spate of insecurity currently ravaging most parts of northern Nigeria.

Sultan: Bandits now move from house to house with AK47 rifles in Northern Nigeria

In the same vein, president of the Christian Association of Nigeria (CAN), Rev. Samson Ayokunle, and the Catholic Archibishop of Abuja, His Grace Ignatius Kaigama, also expressed dismay at the level of religious intolerance in the country.

TETFund gives 12 universities N12 billion for research

The amount, which according to TETFund, would be shared equally among the universities, is to enable them carry out research and development programmes that would contribute to national growth.
Governor Hope Uzodinma announced on Saturday a N6 billion take-off fund for a youth empowerment programme in the State.

Imo: Why Senator Okorocha’s hospital was demolished

The Imo State government yesterday revealed why the Somtochukwu Hospital built by former governor of the State, Rochas Okorocha, to replace the Eke-Ukwu market was demolished.
The evil spirit -possessed, blood -thirsty Boko Haram insurgents are on the prowl against troops of the Nigerian Army even as this story is being gathered.

Nigeria ranked 3rd most terrorised country worldwide

Nigeria has been ranked third most terrorised country in the world by the Global Terrorism Index (GTI) report, which stated that death attributed to Boko Haram in Nigeria increased by 25 percent from 2018 to 2019.