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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.
The Nigerian Government on Thursday has formally received the 600-year-old Ife Terracotta which was smuggled from the country through Ghana to The Netherlands in 2019 with a forged document.
President Muhammadu Buhari has appealed to the Organisation of Petroleum Exporting Countries (OPEC) to consider Nigeria’s huge population size and physical development deficits when sharing oil production cuts.
A two-day conference aimed at repositioning Nigeria for increased global and regional trade engagements under the African Continental Free Trade Agreement (AfCFTA) opens on Friday.
The Nigerian Agip Oil Company (NAOC) on Thursday said the Nov. 20 explosion at its oil field in Bayelsa would adversely impact crude export to the tune of 30,000 barrels daily.
Vice President Yemi Osinbajo has stated that Nigeria has a key role to play in the successful negotiation process of the Africa Continental Free Trade Area, AfCFTA.
Ogun State Commissioner for Health, Dr Tomi Coker, on Thursday denied that deworming pills were responsible for the death of two pupils in the state.
The House of Representatives Adhoc Committee on Petroleum Industry Bill (PIB) has reiterated that, Nigeria should utilise the opportunities contained in the Bill before it is late.
Former Vice President Atiku Abubakar has advised the executive that the 2021 proposed budget is no longer tenable.
The National Institute for Legislative and Democratic Studies (NILDS) Abuja on Friday expressed her readiness to partner the Nasarawa State Government to organise quiz competitions for secondary schools across the state.
The nine French students of the French Department of Ahmadu Bello University (ABU) have been released by their kidnappers.