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Why inflation may rise further – analysts

Economists at Financial Derivative Company (FDC) have said the country will experience a rise in the inflation rate and a further decline in its foreign exchange reserves as the government juggles various options to steady the economy on the path of growth in the year.

Report: Sub-Saharan Africa’s economic outlook uncertain as global growth teeters

Sub-Saharan Africa’s economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronized uptrend, a Reuters poll showed yesterday.

Naira to depreciate further in I&E as CBN intervenes with $540m

The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
election inec nigeria

Experts: How 2019 election outcome will impact economy

Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.

Analysts predict spike in December inflation rate

As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.

Lower oil prices may weaken naira to N380 per dollar – analysts

Should oil prices continue to decline and fall below Nigeria’s Medium Term Expenditure Framework (MTEF) benchmark of $60 per barrel, the impact on the country’s economy could include the naira depreciating to $380/$, analysts at Financial Derivatives Company (FDC) have predicted.
Aiteo Group

NFF crisis: AITEO threatens to withdraw sponsorship

The major sponsor of the Nigeria Football Federation, AITEO Group, has threatened to withdraw its support for the federation if the ongoing crisis plaguing the football administration in the country is not resolved.

Corruption: Amaju Pinnick, others deny any wrong doing

The leadership of the Nigeria Football Federation (NFF) led by Amaju Melvin Pinnick, has refuted claims of corruption leveled against it and insisted that it has no formal invitation to face any anti-corruption agency.

Uganda MPs reject ‘bribe’ linked to age-limit bill

Some Ugandan MPs have rejected the cash released by Parliament to facilitate consultations on a bill seeking to scrap presidential age limit.

Uganda opposition leader Kizza Besigye arrested again – party

Uganda's opposition leader Kizza Besigye was arrested again Wednesday just five hours after being charged with inciting violence and released on bail, a leader of his political party told AFP.

Uganda introduces bill to scrap presidential age limit

Uganda’s parliament on Wednesday took the first step towards scrapping the presidential age limit that would allow long-standing ruler Yoweri Museveni to stay in power.

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IPOB: Facebook shutdown Nnamdi Kanu’s account

According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.
Inter have confirmed that they've completed the signing of Victor Moses from Chelsea after his loan spell with Fenerbahce was brought to an abrupt end.

Inter Milan confirm Victor Moses shirt number

New Inter Milan signing Victor Moses will wear the No.11 shirt for his new club, I Nerazzurri have revealed.
University of Abuja - UniAbuja

University of Abuja suspends admission process

The University of Abuja has suspended the ongoing admission of students due to what it described as irregularities in the process.

Nigerian Navy arrests five suspects, impounds 181 drums of petrol

The Nigerian Navy fight against smuggling activities on the waterways has continued unabated as the command has arrested five suspects.and impounded 4 boats.
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.

Transparency: Corruption worse in Nigeria

Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.