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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Exiting recession not enough to guarantee economic recovery – analysts

While the slight improvement in Gross Domestic Product (GDP) recorded in Q4 is good news, analysts say it is not significant enough to mark economic recovery.
Rivers State Governor Nyesom Wike has said the construction of eight flyover bridges in Port Harcourt alongside other critical infrastructure is in a mark of appreciation to the people of Rivers whom he commended for, in his words, having resisted ‘the Army and other security agencies [when they] tried to rig [the 2019] election’ in the state.

Rivers governor: Good infrastructure reward for people’s resistance when army ‘tried to rig’ election

Rivers State Governor Nyesom Wike has said the construction of eight flyover bridges in Port Harcourt alongside other critical infrastructure is in a mark of appreciation to the people of Rivers whom he commended for, in his words, having resisted ‘the Army and other security agencies [when they] tried to rig [the 2019] election’ in the state.
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.
FILE PHOTO - Dunkin' Donuts coffee packs are pictured alongside other coffee brands on the shelves of a grocery store in Pasadena, California July 25, 2013. REUTERS-Mario Anzuoni

U.S. coffee roasters weigh price increases, cite shipping inflation

Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
The Pan-Yoruba socio-political organisation, Afenifere, its South-East counterpart, Ohanaeze Ndigbo, the Pan-Niger Delta Forum, PANDEF, among others, yesterday, condemned stoppage of the supply of foodstuffs and cattle to the south from the north by the Amalgamated Union of Foodstuffs and cattle Dealers of Nigeria.

Outrage greets blockade of food, cattle coming south

The Pan-Yoruba socio-political organisation, Afenifere, its South-East counterpart, Ohanaeze Ndigbo, the Pan-Niger Delta Forum, PANDEF, among others, yesterday, condemned stoppage of the supply of foodstuffs and cattle to the south from the north by the Amalgamated Union of Foodstuffs and cattle Dealers of Nigeria.
The Executive Vice Chairman of the now rested Presidential Task Team on Apapa Restoration of Law and Order, Mr. Kayode Opeifa, yesterday dismissed allegations of corruption against its officials.

Apapa gridlock: We’ll sustain call-up system enforcement – Lagos traffic team

Seventy-two hours into the commencement of the new Call-Up System introduced by Nigerian Ports Authority, NPA, the Lagos State Special Traffic Management Enforcement Team, yesterday, vowed to sustain the new order in Apapa and its environs, as gridlock eases off.
Chelsea’s new manager, Thomas Tuchel, has revealed why he fell out with the former club, Paris Saint-Germain over players’ transfers.

Thomas Tuchel makes Premier League history in Chelsea vs Manchester United draw

Chelsea and Manchester United settled for a goalless draw in an encounter at Stamford Bridge that saw goal opportunities come at a premium.
Onyema Nwachukwu, acting director for defence information, DHQ

DHQ warns against obstructing vehicles conveying food from north to south

The defence headquarters has warned individuals who obstruct the movement of goods from one part of the country to the other to desist from such acts or face the wrath of the law.
The move, according to the state’s Commissioner for Information, Muhammad Garba, is part of efforts to create an integrated transport system for Kano as emerging megacity.

Kano set to design metro transport master plan

The Kano state Executive Council has approved the constitution of a committee, to design a Strategic Metropolitan Transport Master Plan, in order to regulate the transport system in the metropolis.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Lagos pickpocket confesses to stealing over 240 phones from commuters

The Rapid Response Squad has arrested a pickpocket who disclosed that he has stolen over 240 mobile phones from Lagos commuters.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL: We facilitated N148 billion in agricultural investments in 2020

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says it made available over N30 billion to the country’s agricultural value chains in the last 13 months. NIRSAL’s Managing Director, Aliyu Abdulhameed, who said...
FRSC Accident

Auto crash kills one, injures four in Osun

The Federal Road Safety Corps (FRSC), Osun Sector Command, said on Monday that one person killed in an auto crash on the Gbogan-Ibadan expressway.
FILE PHOTO - A man, wearing a protective face mask, rides his scooter in a local market in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 18, 2021. REUTERS-Eric Gaillard

French city of Nice asks tourists to stay away amid coronavirus surge

The mayor of Nice in southern France called on Sunday for a weekend lockdown in the area to reduce the flow of tourists as it battles a sharp spike in coronavirus infections to triple the national rate.
Nigeria Naira

Economic expert: Key lessons learnt from exiting recession

Economic expert, Prof Uche Uwaleke has listed four major lessons to be learnt from National Bureau of Statistics (NBS) report which stated that Nigeria has exited the current economic recession.
FILE PHOTO - A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS-Dado Ruvic-Illustration-File Photo

Facebook blocks news content in Australia

Facebook has blocked Australian users from sharing or viewing news content on the platform, causing much alarm over public access to key information.
RB Leipzig manager Julian Nagelsmann believes Liverpool are favorites to progress into the Champions League quarter finals.

​RB Leipzig boss: Liverpool are slight favourites

RB Leipzig manager Julian Nagelsmann believes Liverpool are favorites to progress into the Champions League quarter finals.
The Lagos State Government has hinted of intensive efforts being made to abort the planned #OccupyLekkiTollGate protest as well as a competing #DefendLagos rally.

Lekki Estate residents list conditions for toll gate reopening

Residents of estates around Lekki, under the aegis of Lekki Estates Residents and Stakeholders Association (LERSA), have given the Lagos State Government and Lekki Concession Company (LCC), managers of the Lekki/Epe Expressway, conditions for the re-opening of the Lekki Toll Gate.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL facilitates N148 billion into agric sector

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.
Babajide Olusola Sanwo-Olu (born June 25, 1965) is a Nigerian politician and the current Governor of Lagos State.

Lagos governor orders probe into ‘brutalisation’ of Lekki tollgate protesters

Lagos State Governor, Mr. Babajide Sanwo-Olu has directed the state Commissioner of Police, Hakeem Odumosu to institute an investigation into the harassment of some protesters who were arrested during last Saturday’s botched protest at the Lekki Tollgate.

Train collides with truck in Lagos

The incident occurred at about 8.52 am at Mofolasayo Drive, Jonathan Coker Road Level Crossing, Iju/Ishaga, Lagos.

CBN: We’re rebuilding National Arts Theatre to provide 25,000 jobs

Central Bank Governor Godwin Emefiele said that no fewer than 25,000 people would be working at the National Arts Theatre upon completion.
Lagos State Government on Friday, sealed up the Daleko rice Market, in Mushin Local Governments Area for violating the state environmental laws.

Lagos seals Daleko rice market over violation of environmental law

The Managing Director, Lagos State Waste Management Authority, LAWMA, Ibrahim Odumboni, who confirmed the closure, said the operators of the market had been served several abatement notices over improper management of waste in the market.

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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

Fuel price hike looms as crude oil hits $71 per barrel

There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

US companies invest $3.8 billion in Nigeria in five years

Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations in the country in the last five years and plans to invest another $2.75 billion in the next three years, a survey by American Business Council (ABC) has shown.
Ekiti State Governor, Mr. Ayodele Fayose

Former Ekiti governor urges women to keep hope alive

Former Gov. Ayodele Fayose of Ekiti has urged women in the country to remain resilient and keep hope alive.

Segun Oni condemns killing of farmers in Ekiti

He said the recent killing of the farmers had not only created palpable fears among the farmers but lowered their morale and the attendant consequence of food shortages and socio-economic dislocation.
The Nigeria Centre for Disease Control (NCDC) has reported 1,244 new cases of the Coronavirus (COVID-19), bringing the total number of infections in the country to 101,331.

Nigeria records 371 new coronavirus cases

The Nigeria Centre for Disease Control (NCDC) has announced 371 new COVID-19 cases, bringing the total number of infections in the country to 158,906.

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The Federal High Court sitting in Uyo, Akwa Ibom State

Court convicts fake soldier for impersonation, fraud

A Federal High Court in Uyo, Akwa Ibom State, on Friday found Henry Asuquo guilty on a two-count charge of impersonation, cybercrime and fraud.
Zlatan Ibrahimovic has been recalled to the AC Milan squad after seven weeks out injured for Saturday’s Serie A match against Torino.

Stefano Pioli: AC Milan can get through decisive period without Zlatan Ibrahimovic

Stefano Pioli says AC Milan have reached a decisive moment in the Serie A season ahead of their league game against Udinese and has faith that his side can cope in the absence of injured striker Zlatan Ibrahimovic.
ActionAid Nigeria (AAN)

ActionAid trains media practitioners on curbing violent extremism in Nigeria

Owing to the escalating crises in parts of the country that are daily claiming thousands of lives and property a Non Governmental Organisations, ActionAid has trained media practitioners on the need to always present reports that will prevent or douse crises rather than escalating it.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Police nab ‘one chance robbers’ in Abuja, recover exhibits

The FCT Police Command has arrested four (4) suspects for one chance robbery along Kubwa Express and Jahi axis.
Gov. Aminu Tambuwal of Sokoto State has felicitated with Nigerians on the occasion of Christmas celebration and urged everyone to adhere strictly to COVID-19 protocols.

Northern states tighten security to curb abduction of schoolchildren

No fewer than 11 Northern states have beefed up security around schools to prevent the abduction of pupils by bandits in their states, investigations have revealed.