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Traders in Aroso Market in Mile 2 area of Lagos State have lamented the crazy bills that the Ikeja Electric has been giving the market, saying the setback experi­enced by the development since June 2019 was hav­ing adverse effect on their economy.

Nigeria exceeds GDP growth projection for 2019

The quarterly report released by the National Bureau Statistics, NBS, on Monday indicates that Nigeria exceeded its GDP projection for 2019 fiscal year.

NBS: Nigeria’s economy grows by 2.27 percent

The National Bureau of Statistics (NBS), on Monday, released its 2019 Gross Domestic Product report which showed that the economy recorded a 2.27 per cent growth in the year.
National Bureau of Statistics NBS

NBS: Nigeria’s economy grew by 2.27 percent in 2019

The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019.
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 grows by 2.27 percent, surpasses IMF’s projection

Nigeria’s gross domestic product grew by 2.27% in 2019, data released by the National Bureau of Statistics has shown.

Expert wants appropriate monetary policy tools to check rising inflation rate

Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.

Femi Falana: Nigerians free to sue government for refund of ransom paid to kidnappers

Lagos lawyer, Femi Falana, SAN, Wednesday, called on Nigerians paying ransom to secure freedom for their abducted loved ones to feel free to approach the courts to compel the federal government to refund same because in his words, the responsibility for protecting lives and properties lies squarely with government.
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.

IMF cuts Nigeria’s economic growth forecast

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to two per cent from the 2.5 per cent it predicted earlier.
Consultant to the World Bank, Prof. Abel Ogunwale

Unemployment rate set to rise – expert

Nigeria’s unemployment rate, which stood at 23.1 percent in 2018, will not continue drop, a consultant to the World Bank, Prof. Abel Ogunwale, has said.
Nigerian Stock Exchange NSE

NSE: Trading defies inflation figure, index up 0.90 per cent

The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019.
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 inflation rises to 11.98 per cent

Inflation in Nigeria rose to a 19-month high in December, as prices continued to rise many months after the country closed its borders with its neighbours.
China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday.

China GDP grew 6.1% in 2019, slowest in three decades

China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday.
The total population on the Chinese mainland surpassed 1.4 billion at the end of 2019, official data showed Friday.

China’s population hits 1.4 billion

The total population on the Chinese mainland surpassed 1.4 billion at the end of 2019, official data showed Friday.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Electricity consumer group says it will oppose hike in tariff

A group, the All Electricity Consumers Protection Forum, said on Tuesday that it would oppose the proposed hike in electricity tariffs because it would further impoverish Nigerians.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: 18 billion litres of petrol supplied in 2019

The Petroleum Products Pricing Regulatory Agency (PPPRA) has said over 18 billion litres of Premium Motor Spirit (PMS) were supplied in Nigeria last year.
Kola Ologbondiyan

PDP: APC is stretching limits of Nigerians

The Peoples Democratic Party (PDP) has described the All Progressives Congress (APC) as a party that has overstretched the limits of Nigerians by trivialising and politicising the frightening unemployment level under its watch.

Yuletide: Prices of yam, others increase by 7.8 percent

Prices of four food items including tomatoes, yam, rice, agric eggs and local eggs increased by 7.8 per in November data from the National Bureau of Statistics have shown.

Report: No Jollof rice in many Nigerian homes at Christmas

Jollof, a mixture of rice, tomatoes and spices, is practically a dish loved by Nigerians and is particularly coveted by the poor at Christmas and other festive periods, when increased demand for its ingredients contributes to seasonal price rises.

November inflation at 11.85 percent leaps to highest in 18 months

Nigeria’s consumer price index, which measures inflation, recorded the highest level in November since July 2018 when it rose to 11.85 percent from 11.61 percent in October 2019, the nation’s statistical agency, the National Bureau of Statistics (NBS), said on Tuesday.

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APC reports Zamfara Radio to NBC

The All Progressives Congress (APC) has called on the National Broadcasting Commission (NBC) to call the management of the State Radio and Television to order, over alleged provocative broadcasts against its members.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian soldier kills four colleagues, self in Borno

A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Mauricio Pochettino has calmed fears that Tottenham ace Dele Alli will not be fit enough for the Champions League final, after the midfielder was subbed at half-time during Sunday’s 2-2 draw against Everton.

Dele Alli charged by FA over coronavirus Snapchat video

Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Newly appointed Assistant coach and former Captain of the Super Eagles, Joseph Yobo, says he cannot wait to start in his new position.

Celestine Babayaro faults Joseph Yobo’s Super Eagles appointment

Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Senate president to lead delegation to burial of deceased Plateau lawmaker

President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.