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NDLEA: How drug traffickers operate during coronavirus lockdown

The National Drug Law Enforcement Agency (NDLEA) has revealed how traffickers of illicit drugs have been circulating cocaine, heroin, cannabis and other psychotropic substances in Borno amid the COVID-19 lockdown.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
Governor David Nweze Umahi

N2 billion loan: Ebonyi indigenes seek holistic probe of state’s finances

Ambassador Paschal Oluchukwu, Convener of the Association of Ebonyi State Indigenes in Diaspora (AESID), has urged the nation’s anti-graft agencies to immediately undertake an holistic probe of the finances of Ebonyi State in the last 16 years in the light plethora of its abandoned projects and huge debt overhang.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Minister excited as ICT contributes 14.07 percent to GDP

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight over the growth of ICT’s contribution to Nigeria’s GDP in the first quarter of 2020 (Q1 2020).
Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics (NBS).

Nigeria’s Q1 capital import hits $5,854.38 million

Nigeria’s total value of capital import stood at $5,854.38 million in the First Quarter of the year, according to the National Bureau of Statistics (NBS).
National Bureau of Statistics NBS

NBS: Capital importation into Nigeria stands at $5.8 billion in Q1

The National Bureau of Statistics (NBS) has said the total value of capital importation into the country stood at 5.8 billion dollars in the first quarter (Q1) of 2020.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Nigeria’s economy grow by nearly 2 percent in Q1 despite lockdown

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown.
National Bureau of Statistics NBS

NBS: Inflation rises to 12.34 percent in April

The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 per cent year-on-year in April 2020.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

NBS: Nigerian annual inflation at 12.34 percent in April

Annual inflation in Nigeria stood at 12.34% in April, compared with 12.26% in March, the National Bureau of Statistics said on Thursday.
Governor Adegboyega Oyetola of Osun State has warned the newly inaugurated cabinet members to shun frivolities and work as one indivisible team for the progress of the state.

Nigeria: Osun ranks third among states with lowest poverty rate

Osun State has been ranked, as one of the States with the lowest poverty and inequality index in the country, according to the latest report from the Nigerian Living Standard Survey.

Nigeria receives $3.4 billion IMF emergency fund

Nigeria has received a $3.4 billion emergency fund from the International Monetary Fund (IMF), less than 24 hours after receiving $311 million of stolen money stashed in the United States and Jersey island.
National Bureau of Statistics NBS

NBS: 82.9 million Nigerians live in poverty

The National Bureau of Statistics has said 40.1 per cent of the country’s population live in poverty.
National Publicity Secretary of the APC, Mallam Lanre Issa-Onilu stated this in a statement on Sunday night.

APC raps ex-VP Atiku Abubakar over comment on economic diversification

The All Progressives Congress (APC) has expressed surprise over the failure of former Vice President Atiku Abubakar, to acknowledge the bold efforts APC administration made towards diversifying Nigeria economy.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation loses N152 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.
Nigeria Naira

Nigeria records highest inflation rate in almost two years

Nigeria’s headline inflation rate for March 2020 rose marginally by 0.06 percent points higher than the 12.20 percent rate recorded in February.
Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.

Nigeria’s inflation rate hits 12.26 percent

Nigeria’s inflation rate has hit 12.26 percent in March 2020, the National Bureau of Statistics reports on Tuesday.

Former Rivers commissioner faults Governor Wike’s coronavirus response

A former commissioner for information in Rivers state, Austin Tam-George, has faulted Governor Nyesom Wike’s containment effort against coronavirus in the state.
The head of the agency, Ja’afaru Ahmed, 51,983 inmates are awaiting trial out of the prison’s total population of 73, 726 inmates. That is about 70 per cent of the total.

70% of Nigerian prisoners held without trial – Correctional chief

At least three-quarters of Nigeria’s total prison population are inmates serving time without being sentenced, the Nigerian Correctional Service said this on Thursday.

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Newly-promoted Italian Serie A club Benevento has expressed interest in signing former Super Eagles captain, John Mikel Obi this summer.

Newly promoted Serie A club interested in signing ex-Super Eagles skipper

Newly-promoted Italian Serie A club Benevento has expressed interest in signing former Super Eagles captain, John Mikel Obi, this summer.
Kaduna State Governor Nasir Ahmed El-Rufai

Kaduna social protection policy will rescue residents from poverty – report

Newsmen report that the draft policy document was made available by the State Steering Committee on Social Investment, headed by Mrs Saude Atoyebi, Focal Person on Social Investment.
Bayern Munich interim coach Hansi Flick is seen during a virtual press conference ahead of the final REUTERS-Annegret Hilse

Bayern wary of Leverkusen’s speed ahead of German Cup final – coach

Bayern Munich manager Hansi Flick says he is wary of how devastating Bayer Leverkusen can be on the counter-attack but that his team was well-prepared to handle their opponents in Saturday’s German Cup final.

Court orders Lagos public defender to take over ‘kidnap kingpin’ Evans’ case

Justice Hakeem Oshodi of an Ikeja High Court on Friday ordered the Lagos State Office of the Public Defender to take over the defence for alleged kidnap kingpin, Chukwudimeme Onwuamadike, alias Evans due to his inability to afford legal fees.
Nigeria has recorded 245 new coronavirus cases, bringing the total number of infections in the country to 2,802. The Nigeria Centre for Disease Control made this known on its website on Monday. 10

Kano conducts 12,918 coronavirus samples test

The Kano State Government has so far conducted 12,918 coronavirus (COVID-19) samples test, the state’s Ministry of Health disclosed on its official Twitter handle @KNSMO on Friday.