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A woman walks past portraits of former South African President Nelson Mandela at the end of a memorial service in the Nelson Mandela Museum in Qunu December 10, 2013. REUTERS-Siegfried Modola-File Photo

South Africa losing cultural landmarks like Apartheid Museum to coronavirus

A pair of boxing gloves worn by Nelson Mandela at the height of the anti-apartheid struggle in South Africa lie under a thick layer of dust in a darkened room, the silence broken only by the thud of moths nose-diving onto the glass display case.
Dangote Cement Industry

Dangote Cement major contributor to senegal’s economy – envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
Dangote Cement

Dangote Cement major contributor to Senegal’s economic development – envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
A woman walks past a closed restaurant in Munich, Germany. Fresh lockdowns to control the pandemic dragged on German economic output in the first quarter © AFP via Getty Images

German GDP slumps as pandemic takes toll on Europe’s biggest economy

The German economy contracted in the first quarter after the country launched a new round of tough lockdown measures aimed at containing a third wave of the pandemic.

World IP Day: NCC seeks banks’ collateralised IP assets to boost SMEs

Nigeria Copyright Commission (NCC) has called on Banks and financial institutions to embrace the collateralisation of IP assets to support Small and Medium-Sized Enterprises (SMEs) in the creative sector in order to boost their contribution to the country’s Gross Domestic Product (GDP).
President Muhammadu Buhari has approved the renewal of the tenure of Mr. Benjamin Akabueze as Director-General of the Budget Office of the Federation.

Akabueze: Nigeria Lags Behind African Peers in Public Expenditure-to-GDP Ratio

Nigeria presently lags behind its peers in Africa in terms of public expenditure-to-Gross Domestic Product (GDP) ratio, the Director-General, Budget Office of the Federation, Mr. Ben Akabueze, has said.
Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

NCC moves to enlighten state governments on economic benefits of telecoms infrastructure

The Nigerian Communications Commission (NCC) has been charged to enlighten state governments nationwide on the role of telecommunications as a catalyst for economic development.
The Minister of Communications and Digital Economy, Dr Isa Pantami, on Saturday advised the Nigerian youth to develop their skills and drive innovation and entrepreneurship in the space sector.

Minister: NITDA’s contribution to Nigeria’s GDP stellar

National Information Technology Development Agency’s (NITDA) dogged passion for ICT development in Nigeria over the years, has contributed to the increase in the Gross Domestic Product, (GDP) and ignited job and wealth creations in the country, Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami FNCS FBCS FIIM, has said.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Export revenue declined by 45.87% to $2.62 billion in 2020

The total revenue generated by the Nigerian National Petroleum Corporation (NNPC) from crude oil and gas exports fell from $4.84 billion in 2019 to $2.62 billion in 2020.
Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 trillion to reconstruct the wilful extensive damage of properties across the metropolis.

House speaker: Nollywood contributes 2.3 % to Nigeria’s GDP

The Speaker of House of Representatives, Femi Gbajabiamila, has said the film industry contributes 2.3 per cent to Nigeria’s Gross Domestic Product (GDP).
World Trade Organization - WTO

WTO: Nigeria is number one importer in Africa

The World Trade Organisation (WTO) says Nigeria is the number one importer of commercial services in Africa.
The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.

NIPC: Lagos is seventh fastest growing city globally

The Nigerian Investment Promotion Commission (NIPC) says Lagos state is the seventh fastest-growing city in the world, with the highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria.

Stakeholders engages local seed coy to multiply PBR cowpea

Due to the high demand of the newly developed Pod Borer Resistant (PBR) Cowpea, Agriculture stakeholders have engaged indigenous seed companies for the multiplication and sales of PBR cowpea.

Coalition clarifies misinformation on FADAMA project

A coalition of civil society organisations under the auspices of Civil Society Groups for Good Governance (CSGGG), has demystified FADAMA project to avert misinformation about the project which started in 1990 and now in its third phase.
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

IMF ups global GDP growth forecast, warns of poverty rise

The International Monetary Fund said on Tuesday the world economy could recover faster than expected in 2021, revising its January projection up by 0.5 per cent points to 6 per cent.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank: Nigeria moved out of recession earlier than expected

In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends in Digital Technology Adoption’, the bank said Nigeria’s oil sector weakened in the fourth quarter of 2020 despite an increase in oil prices.
As residents in the oil-rich city of Warri go about their last-minute shopping for the Yuletide, with barely a day to Christmas, business activities were not yet felt in the market due to high cost of goods and services.

Easter: Prices of perishables soar in Lagos markets

Two days to the Easter Celebration, prices of perishable food items have soared in major markets in Lagos, newsmen report.
All Progressives Congress (APC) national stalwart Asiwaju Bola Ahmed Tinubu, has described as premature, talks about 2023 elections and the successor to President Muhammadu Buhari. To him, those making such calls do not love Nigeria.

Senator Tinubu: We must admit that the economy remains weak despite exit from recession

National leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has said the country’s economy is still weak despite exiting recession.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank retains lending rate

The Central Bank of Nigeria has retained the policy rate at 11.5 per cent despite the country’s three-year high inflation, a decision it said sought to ensure a balance between the need for price stability and growth.
The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi, on Sunday in Abuja.

Minister: Nigeria’s livestock sector has economic potentials worth N33 trillion

The Federal Government says the country’s livestock sector has a huge economic potential worth over N33 trillion that should be explored and harnessed.

Nigeria drops in UN-backed world happiness ranking

Nigeria has been ranked the 116th happiest place in the world, a spot lower than its position last year, indicating the country’s declining perception on key indicators.
Yemi Osinbajo

NPHCDA: Coronavirus vaccines delivered to 35 states, FCT

A Federal Government agency has told the National Economic Council, NEC, that the COVID-19 vaccines have now been distributed across 35 states and the Federal Capital Territory, FCT, leaving just one state out.

Recent Stories

One of the most disconsolately heart-rending sports news from last year was the sudden passing away of Kobe Bryant, the American professional basketball player, the shooting guard, who spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA).

Kobe Bryant’s daughter wears hall-of-fame jacket for late dad’s induction

One of the most disconsolately heart-rending sports news from last year was the sudden passing away of Kobe Bryant, the American professional basketball player, the shooting guard, who spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA).

Enugu: 88-year-old woman, 24 others raped in three months

No fewer than 25 rape cases were recorded in Enugu State from January to March 2021, the Centre Manager, Tamar Sexual Assault Referral Centre (Tamar SARC), Mrs Evelyn Onah, said.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Ondo: Man arrested for ‘stealing’ human hair

A 70 year old man, Micheal Omolayo, suspected to be a ritualist has been arrested in Akure, the Ondo State capital for allegedly packing human hair in large quantity at a barber’s shop.
Antonio Guterres

UN calls for ceasefire in Gaza

The United Nations’ Secretary-General, António Guterres, has urged all parties involved in the escalating violence in Gaza to halt further hostilities.
Governor Abubakar Badaru Babura of Jigawa

Jigawa governor pardons 17 inmates

The Jigawa State Governor Alhaji Muhammadu Badaru Abubakar has given pardon to 17 convicted persons based on the recommendation of the State Committee on Prerogative of Mercy under the leadership of Dr Aisha Warshu Haruna (Mrs.)

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Femi Falana: Southern governors should legalise open grazing ban to prosecute offenders

Human rights lawyer, Femi Falana (SAN), has urged southern governors in the country to back their ban on open grazing with a legal instrument to enable the prosecution of offenders.
Aymeric Laporte was the unlikely hero as Manchester City saw off a resilient Tottenham to lift the Carabao Cup for the fourth consecutive season.

FIFA approves Aymeric Laporte’s switch from France to Spain

Manchester City defender Aymeric Laporte has had his switch in nationality from France to Spain approved by Fifa.
Kelechi Iheanacho scored his third Premier League goal of the season for Leicester City in their 2-1 victory against West Ham United on Saturday.

‘Kelechi Iheanacho, Wilfred Ndidi in FA Cup final a blessing to Nigeria’

Iheanacho has been in blistering form for the Foxes this season, scoring 18 goals in 36 appearances across all competitions, including his match-winning goal in the semi-finals of the FA Cup against Southampton.
Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

Lagos recovers N50 million over fraudulent real estate activities

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
Chairman of the Presidential Taskforce on Covid-19 and Secretary to the Government of the Federation, Mr Boss Mustapha, who stated this yesterday during the daily briefing of the Taskforce, added that the federal government would also put in place measures to control the movement of nomadic herdsmen who go across the border in search of greener pastures for their cattle.

PSC chief: Foreign passengers escaping from our facilities

The Chairman of the Presidential Steering Committee on COVID-19, Boss Mustapha, has lamented that some returning foreign passengers escaped from isolation facilities, violating the mandatory quarantine requirement under the advisory earlier issued.