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The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.

NEITI: Nigeria’s solid minerals revenue increases to N79.9 billion

Nigeria recorded an increase in revenue from its solid minerals sector in 2019 as it earned N79.96bn from the industry during the period, data released on Sunday by the Nigeria Extractive Industries Transparency Initiative showed.
Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.

Nigeria’s imports from China soar, exceed other major trading partners

Nigeria’s imports from China are rising exponentially, compared to other major trading partners, including Europe, Asia and America, data from the National Bureau of Statistics (NBS) has shown.
The National Publicity Secretary, Kola Ologbondiyan, “He is fully aware of the constitutional implication of his decision to defect to another party; which is that he cannot continue to occupy the seat of the PDP in the Senate.

PDP asks President Buhari, APC to seek help over World Bank poverty report

The Peoples Democratic Party (PDP) has said that the report by World Bank that seven million Nigerians have been pushed into poverty in the last one year, clinically belies the integrity posturing of President Muhammadu Buhari and the ruling All Progressives Congress (APC).
A new report by the World Bank has indicated that the execution of major infrastructural projects in Nigeria was being driven by foreign sponsors.

World Bank: Rising prices pushed seven million Nigerians below poverty line

The World Bank has stated that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone.
Nigeria Naira

Nigeria’s inflation drops to 17.93 percent

The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS).
L-R: Dr. Simon B. Harry, Director, Corporate Planning and Technical Coordination, National Bureau of Statistics; Dr Amarakoon Bandara, Senior Economic Advisor at UNDP; H.E. Adejoke Orelope-Adefulire. Senior Special Assistant to the President on Sustainable Development Goals; Mr. Edward Kallon, United Nations Resident and Humanitarian Coordinator in Nigeria; Engr. Ahmad Kawu, Secretary of Programme, Office of the Senior Special Assistant to the President on Sustainable Development Goals; and Hon. Mukadam Asiwaju Asiru Idris, Kogi State Commissioner of Finance, Budget and Economic Planning, at the Launch in Abuja

Nigeria launches SDGs Implementation Plan 2020-2030

The Office of the Senior Special Assistant to the President on Sustainable Development Goals (OSSAP-SDGs) has launched the Nigeria Sustainable Development Goals Implementation Plan 2020-2030, with support from the United Nations Development Programme (UNDP).
FILE PHOTO: Director-General of the World Trade Organisation Ngozi Okonjo-Iweala speaks during a press conference remotely on the annual global WTO trade forecast at the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland March 31, 2021. Salvatore Di Nolfi/Pool via Reuters/File Photo

Delta governor congratulates WTO chief at 67

Delta State Governor, Sen. (Dr) Ifeanyi Okowa, has congratulated the Director-General of World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, as she clocks 67 years.
National Bureau of Statistics NBS

NBS, UNICEF begin nationwide data collection training in Lagos

The National Bureau of Statistics (NBS) in collaboration with the United Nations Children’s Fund (UNICEF) has commenced the process of data collection on MICS 6/NICS 2021 starting with the Training of Trainers(TOT) workshop in Lagos on Wednesday.

Official: School feeding programme has not failed in Akwa-Ibom

Akwa Ibom State focal person for the federal government school feeding programme, Dr Godwin Akpan, has debunked the allegation that the programme has failed in the state, saying that the state has received 15 tranches of payment since the programme started in 2017.
National Bureau of Statistics NBS

Nigeria’s foreign trade rises to N9.76 trillion in Q1

Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS) stated on Monday.
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.

Nigeria’s GDP to grow by $3 billion on import reduction

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who, at the weekend, advocated for import substitution, noted that the importation of petroleum products alone makes up about 25 per cent of annual imports aside from other products that are high import.
National Bureau of Statistics NBS

Nigeria records N3.94tr trade deficit in Q1

The National Bureau of Statistics (NBS) on Saturday said Nigeria recorded a trade deficit of N3.94 trillion in the First Quarter (Q1) of 2021.
President of the institute, Dame Gladys Olajumoke Simplice, defended this during the in 29th Annual General Meeting, AGM, of the institute that held in Lagos.

CITN seeks more simplified tax law

The Charted Institute of Taxation of Nigeria, CITN, has canvassed for a more simplified tax administration to enhance voluntary compliance to tax laws.
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.

CBN: Nigeria’s economy challenged by stagflation

Despite the improved gross domestic product, GDP, report released by the National Bureau of Statistics, NBS, for the first quarter 2021, Q1’21, the governor, Central Bank of Nigeria, CBN, Godwin Emefiele, has said Nigeria’s economy is in stagflation, describing the GDP growth numbers as weak.

LCCI: Nigeria’s economic growth not reflective of manufacturing sector’s reality

The Lagos Chamber of Commerce and Industry (LCCI) has said that the 2021 first quarter 0.40 percentage point Gross Domestic Product (GDP) increase, though a pleasant surprise, is not reflective of the manufacturing sector’s current realities.
National Bureau of Statistics NBS

Nigeria’s economy grows 0.51% in Q1 2021

The nation’s gross domestic product (GDP) increased by 0.51 percent in the first quarter of 2021.The nation’s gross domestic product (GDP) increased by 0.51 percent in the first quarter of 2021.

Lagos chamber decries current inflation rates of 18.12 percent

The Lagos Chamber of Commerce and Industry (LCCI) has decried the current inflation rate of 18.12 per cent in Nigeria, saying it is still very high.
Nigeria Naira

Nigeria’s inflation rate slows to 18.12% in April 2021

The consumer price index, which measures the rate of change in the price of goods and services, dropped to 18.12 percent in April from 18.17 in March.
A new report by the World Bank has indicated that the execution of major infrastructural projects in Nigeria was being driven by foreign sponsors.

World Bank: Only 22% poorest Nigerian households have electricity access

Most poor households in Nigeria are not connected to the country’s electricity supply network as only 22 per cent of the poorest of them have access to grid power, the World Bank has said.
National Bureau of Statistics NBS

NBS: Nollywood produces 416 movies in Q1, 2021

The National Bureau of Statistics (NBS), says Nollywood produced 416 movies in Quarter One of 2021 (Q1, 2021) compared to 903 in Q4, 2020.
Woman ride bikes on a street, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China May 10, 2021. REUTERS-Aly Song

China demographic crisis looms as population growth slips to lowest ever

China’s population grew at its slowest since the 1950s as births declined, sowing doubt over Beijing’s ability to power its economy as it succumbs to the same ageing trends afflicting developed nations like Japan.
National Bureau of Statistics NBS

NBS: Nigerian government generates N496 billion VAT in Q1 2021

The National Bureau of Statistics (NBS) said the federal government generated N496.39 billion as Value Added Tax (VAT) in the first quarter of this year (Q1’21).

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The joint statement on China was read out by Canadian Ambassador Leslie Norton on behalf of countries including Australia, Britain, France, Germany, Japan and the United States to the U.N. Human Rights Council.

Canada leads call on China to allow Xinjiang access – statement

More than 40 countries urged China on Tuesday to allow the U.N. human rights chief immediate access to Xinjiang region to look into reports that more than a million people have been unlawfully detained there, some subjected to torture or forced labour.
Inter Miami owner Jorge Mas believes his side will be able to land Barcelona star Lionel Messi in the future.

Copa America: Lionel Messi equals record as Argentina progress

Lionel Messi earned a record-equalling 147th cap for Argentina as they progressed to the Copa America quarter-finals with victory over Paraguay.
A woman watches a video of Egyptian influencer Haneen Hossam, who was sentenced to two years in prison on charges of violation public morals. Khaled Desouki, AFP

Egyptian TikTok influencer to appeal 10-year trafficking sentence

Egyptian TikTok influencer Haneen Hossam will appeal a 10-year prison sentence handed down by a Cairo court that found her guilty of human trafficking, her lawyer said on Monday.
The chairperson of Eti Osa local government, Rafiu Olatunji, has died on Monday night at his Sangotedo residence. He died from a long-term illness.

Lagos council boss passes on

The chairperson of Eti Osa local government, Rafiu Olatunji, has died on Monday night at his Sangotedo residence. He died from a long-term illness.
The Boko Haram insurgency in Northern Nigeria is largely fuelled by youth unemployment and poverty, Nigeria’s President, Muhammadu Buhari, has said.

President Buhari: All my appointments, projects guided by equity, inclusiveness

He said: “There’s actually no part of the country that has not been impacted positively in the areas of infrastructure, agriculture and economic support initiative based on peculiarities of the regions.”

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NDLEA

Akwa Ibom: NDLEA arrests 244, secures 21 convictions in 1 year

No fewer than 244 suspects have been arrested and a total of 21 convicted for drug related offences between July 2020 and June 2021, the National Drug Law Enforcement Agency (NDLEA) in Akwa Ibom State has disclosed.
Wife of the President, Hajiya Aisha Buhari, through her foundation, ‘Future Assured’, has donated 16 trucks of assorted food items and for distribution to 500,000 households in Kano State.

Aisha Buhari: African child must be heard

The First Lady of Nigeria, Aisha Buhari, has stated that there is urgent need towards making the voices of African children heard.
Troops of the 72 Special Forces Brigade in Makurdi, Benue state, have stopped 73 men from going to Imo state from Nasarawa.

Troops launch major rescue operation for kidnapped Kebbi students

A major rescue operation is ongoing for the kidnapped students and teachers of the Federal Government College, Birnin Yauri, Kebbi State.
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: Nigeria’s economy recovering from coronavirus pandemic

The Nigerian economy has started gradual recovery from the negative effects of the COVID-19 global pandemic, the International Monetary Fund (IMF) has said.

Imo courts yet to resume sittings after suspension of judiciary workers’ strike

Members of the Judiciary Staff Union of Nigeria (JUSUN), Imo State chapter, resumed work on Wednesday after Friday’s suspension of the more than two-month-old nationwide strike.