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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.
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.
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.
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.
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.
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.
Director Naval Information, Commodore Suleiman Dahun, who made this known in a statement said 122 Lieutenant Commanders were promoted to the rank of Commander, 38 Commanders to Captain, 24 Captains to Commodore and 19 Commodores promoted Rear Admiral.
'The Athletic' and various other sources say that in the middle of an Arsenal training session, David Luiz and Dani Ceballos got into an argument that ended with the Spaniard's nose being injured after the Brazilian hit him. The Real Madrid player denied the news on his Twitter account.
A visit to some markets on Friday in Enugu, revealed that a 50kg bag of Dangote Cement formerly sold at N3,800, was being sold at between N2,800 and N3,000.
Worried by the high rate of unemployed youths in Nigeria, the Nigerian Stored Products Research Institute (NSPRI) has supported two members of Nigeria Youth Service Corps in kwara state with N2M each to start up their own Agribusiness, assuring that any corper with promising proposal will also be supported.
Ethiopia's military on Sunday threatened an all-out assault on Mekele, capital of the dissident Tigray region and seat of the local government it is seeking to dislodge, warning civilians to flee while they still can.
The Federal Road Safety Corps, FRSC, yesterday assured road users in Imo state of their safety during the yuletide celebration in the state.