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Downturn

The Federal Capital Territory Administration (FCTA) announced yesterday that it would be reintroducing the park and pay policy in the Federal Capital Territory (FCT), from May 1, 2021.

Official: FCTA has achieved 60% implementation of Abuja master plan

The Federal Capital Terriory Administration (FCTA) says it has recorded 60 per cent success in the implementation of the Abuja Master Plan in spite of some challenges.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

NECA: Political appointees causing heavy wage bill

The Director-General, Nigeria Employers’ Consultative Association, Dr Timothy Olawale, has said state governments should take a cue from the association, whose members had pledged to try to retain their workers as much as possible amid the economic downturn in the country.
Head of the Cherubim and Seraphim Elders Unification Movement in Ondo state, Dr. Ade Ademisokun-Turton said this while speaking with newsmen in Akure.

Cleric: Nigerian government not insincere in fight against insecurity

The Federal Government is not overwhelmed in its war against insecurity but insincere in fighting against insecurity in the nation. Head of the Cherubim and Seraphim Elders Unification Movement in Ondo state, Dr. Ade Ademisokun-Turton...
South Korean trade Minister, Yoo Myung-hee, on Friday (Feb 5) dropped her bid to become head of the World Trade Organisation (WTO), clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s director-general.

WTO: Coronavirus vaccines best stimulus for world economy

The Director General of the World Trade Organisation (WTO), Dr, Ngozi Okonjo-Iweala, has reiterated that a rapid global and equitable vaccine roll-out would be the best stimulus for a strong and sustained economic recovery for the global economy.
Nigeria Naira

UN projects Nigeria’s GDP to expand by 1.5 percent

Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest...
Gov. Kayode Fayemi of Ekiti State has called on Christian leaders not to relent in praying for Nigeria to overcome its challenges. Fayemi made the call when he received the Southwest Zonal Executives of the Christian Association of Nigeria (CAN) on a courtesy visit on Wednesday in Ado Ekiti.

Ekiti governor suspends ongoing recruitment of teachers

Gov. Kayode Fayemi of Ekiti State has suspended the ongoing teachers recruitment exercise over economic crisis posed by the Coronavirus (COVID-19) pandemic.
The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu, has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas industry caused by the Covid-19 pandemic.

Official: DPR generated N2 trillion for Nigeria in 2020

The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu, has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas industry caused by the Covid-19 pandemic.
The United Nations Office on Drugs and Crime (UNODC) jointly with the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) presented the key findings of UNODC Fifth Global Report on Trafficking in Persons to stakeholders from the federal government, civil society organisations and international partners.

Pandemic lockdowns leave $10 trillion hole in global economy

A strong rebound this year would still leave the world down with an estimated 10 trillion dollars due to the coronavirus pandemic and lockdowns, according to the United Nations Conference on Trade and Development (UNCTAD).
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank restates support for manufacturing firms in Nigeria

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has restated the Bank’s resolve to encourage firms willing to invest in the Nigerian manufacturing sector in order to grow the economy.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS: We found 6,722 companies with N1 billion banking turnover paying no taxes

The Federal Inland Revenue Service (FIRS) says it discovered that 6,722 companies, partnerships and enterprises with a banking turnover of N1 billion were not paying taxes as of May 2018.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Banking industry report shows mixed development

The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
Liverpool boss Jurgen Klopp says he feels for Pep Guardiola and his players after Manchester City were banned from UEFA competition for two seasons.

Manchester City boss expects Jurgen Klopp to bounce back

Manchester City manager Pep Guardiola offered his support to Liverpool counterpart Jurgen Klopp after the Reds' downturn in form led to rumours the German could walk away from the Premier League champions.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Analysts foresee faster economic recovery as oil price hits $60

Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
FILE PHOTO - Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS-Nick Oxford-File Photo

Saudi Arabia raises oil prices to U.S. and Europe

The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking: NSE market indices drop further by 0.10 percent

Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.

2023: Benue governor threatens to sack appointees

Governor Samuel Ortom of Benue state has threatened to sack any of his appointees found engaging in covert political activities and campaigns ahead of the 2023 general elections.
Ned Nwoko

Ned Nwoko: Polygamy saves women from prostitution

The former lawmaker disclosed this in a recent interview in which he highlighted the significance of marrying more than one wife, which according to him keeps the society running by stopping young women from engaging in a improper profession like prostitution.
In a press release by the Amir (president) of the Muslim Students’ of Nigeria, Lagos State Area Unit, Miftahudeen Thanni, the students urged President Muhammadu Buhari to be more proactive and re-strategise his approach in tackling insecurity in the country.

Muslim students: Nigeria’s unity important than ethnic bias

In a press release by the Amir (president) of the Muslim Students’ of Nigeria, Lagos State Area Unit, Miftahudeen Thanni, the students urged President Muhammadu Buhari to be more proactive and re-strategise his approach in tackling insecurity in the country.
A former member of the House of Representatives and chieftain of the All Progressives Congress (APC) in Lagos State, Moshood Adegoke Salvador, at the weekend came hard on the federal government for its plan to build oxygen plants.

APC chieftain slams Nigerian government’s plan to build 38 oxygen plants at N6.8 billion

A former member of the House of Representatives and chieftain of the All Progressives Congress (APC) in Lagos State, Moshood Adegoke Salvador, at the weekend came hard on the federal government for its plan to build oxygen plants in 38 locations in the country at cost of N6.8 billion.
President Muhammadu Buhari is currently presiding over the first Federal Executive Council, FEC, meeting for the year 2021 at the Council Chamber, Presidential Villa, Abuja.

President Buhari directs strict compliance with payment of taxes by foreign, local companies

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections.
Arsenal boss Mikel Arteta should build his team around Mesut Ozil, according to Jermaine Pennant, who thinks the midfielder has been given a new lease of life.

Shkodran Mustafi: How Arsenal failed Mesut Ozil

Arsenal defender Shkodran Mustafi has described the departure of Mesut Ozil from the team as a result of Arsenal’s failure to assist Ozil.
Joe Biden's top aide announced on Saturday the incoming US president would sign roughly a dozen executive orders on his first day in office.

Joe Biden reveals ‘Day One’ plans to roll back Donald Trump policies

Within hours of being sworn in, Biden is expected to use executive orders to fulfill many of his previous campaign promises — including: rejoining the Paris climate accord, and reversing Trump's ban on the entry of people from certain Muslim majority nations.

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EFCC hands over recovered N67.5 million to victim in Enugu

The Economic and Financial Crimes Commission (EFCC), has restituted the sum of N67,523,000 to one Mr. Emmanuel Onyekachukwu Onah, a trader based in Onitsha, Anambra State.
Youth members of the People’s Democratic Party (PDP) from the South-West have urged the leadership of the party to pick Rivers State’s Governor Nyesom Wike as Vice-Presidential Candidate in the 2023 elections.

Governor Wike: Nobody can undermine Rivers in quest for Nigeria’s presidency

Rivers State Governor, Nyesom Wike, has said that anybody jostling to be president of Nigeria would also need to secure votes in Rivers to combine with either Kano or Lagos to emerge victorious.
The All Progressives Congress has named the Governor of Kogi State, Yahaya Bello as chairman of its Ondo State Governorship Primary Election Committee.

Governor Bello: Many PDP governors will join APC soon

Kogi State Governor and Chairman of Contact and Mobilisation Committee of the ruling All Progressives Congress (APC), Yahaya Bello, has said more governors elected on the platform of the Peoples Democratic Party (PDP) and other political bigwigs would soon join the party.

RCCG apologises to minister over Osun road project

Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State.
Over 9000 candidates are jostling for 4000 admission slots in Yusuf Maitama Sule University Kano (YUMSUK) for the 2020-2021 academic session.

NUC approves Kano university’s postgraduate school

The National Universities Commission (NUC) has approved the establishment of a Postgraduate School and the commencement of 34 postgraduate programmes in Yusuf Maitama Sule University, Kano.

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Joe Aribo was on target as Rangers beat Hibernian 2-1 to maintain their 100 percent Scottish Premiership home record.

Joe Aribo scores in Rangers’ home win vs Hibernian

Joe Aribo was on target as Rangers beat Hibernian 2-1 to maintain their 100 percent Scottish Premiership home record.
Sports Writers Association of Nigeria (SWAN)

NSF: Media deserves better working conditions – SWAN

The Sports Writers Association of Nigeria (SWAN) has advised Nigeria’s sports authorities to always consider and treat the media as a key player in the development and promotion of sports.

200 homes destroyed in Taraba windstorm

A windstorm has destroyed more than 200 homes and properties worth millions of naira in the towns of Wukari and Donga in Taraba on Wednesday.

Kano resident doctors suspend strike

The president, Association of Resident Doctors, Dala Orthopedic Chapter, Buba Ibrahim Babangida on Tuesday confirmed that its members have suspended their strike action, trusting that the MoU signed with the Federal Government will be fulfilled.
Speaking at a press conference on the violence that trailed the EndSARS protests in Abuja, the Minister of Information and Communication, Alhaji Lai Mohammed said social media was used to spread fake news and disinformation that catalyzed the violence that was witnessed across the country.

Minister: Why Twitter picked Ghana for HQ over Nigeria

Minister of Information, Culture and Tourism, Alh Lai Mohammed, has said that the negative comments and reports Nigerians are making about the country led Twitter to make Ghana its headquarters in Africa rather than Nigeria.