Nigeria may move out of recession in June – Lai Mohammed

Nigeria may move out of recession in June – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, said on Saturday that Nigeria was gradually moving out of recession. Mohammed, who was represented by the Managing Director of the News Agency of Nigeria, Mr Bayo Onanuga, made the assertion at the biennial convention of the Nigerian Guild of Editors in Lagos. He said that […]

Cashless policy: CBN suspends charges on large withdrawals

Cashless policy: CBN suspends charges on large withdrawals

The Central Bank of Nigeria has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s Director, Banking and Payments System Department, Mr. Dipo Fatokun, in a circular dated April 20, 2017, said all the charges introduced in February, and meant to […]

BREAKING: Inflation declines by 0.52 % in March

BREAKING: Inflation declines by 0.52 % in March

The National Bureau of Statistics on Thursday, said that inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year basis. The first decline was recorded in February when inflation dropped by 0.94 per cent. In its latest Consumer Price Index for March released in Abuja, the bureau stated that […]

Buhari launches economic recovery plan on Wednesday

Buhari launches economic recovery plan on Wednesday

President Muhammadu Buhari will on Wednesday launch the Economic Recovery and Growth Plan 2017-2020. According to a statement on Tuesday by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, the launching is in furtherance of the current administration’s drive to sustain and build on the successes so far recorded in […]

NNPC warns Nigerians to beware of quality of fuel they buy

The Nigerian National Petroleum Corporation (NNPC) has advised fuel consumers to be mindful of the quality of petroleum products they buy so as to avoid explosion, knockdown of their engines, equipment or any ugly incidents which could lead to death or injuries.

NNPC warns Nigerians to beware of quality of fuel they buy

The Nigerian National Petroleum Corporation (NNPC) has advised fuel consumers to be mindful of the quality of petroleum products they buy so as to avoid explosion, knockdown of their engines, equipment or any ugly incidents which could lead to death or injuries. NNPC in a statement by its spokesman Ndu Ughamadu on Thursday said the […]

Naira gains 12.36% in one week

Naira gains 12.36% in one week

The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, the News Agency of Nigeria reports. NAN reports that the Naira traded at N440 last Monday, while it closed at N390 to the dollar on Friday. In the week under review, experts commended the Central Bank of Nigeria […]

CBN Cashless Policy Sensitization excites North East towns

CBN Cashless Policy Sensitization excites North East towns

Traditional rulers and citizens of major towns in North Eastern states of Bauchi and Gombe are excited about the ongoing CBN cashless policy sensitization programme, which is being carried out by Bizi Mobile Cashless Consultant. The sensitization programme which is designed to cover the rural areas in each five local government areas in Bauchi, and […]

CBN new policy limits national economic growth, development – Okupe

CBN new policy limits national economic growth, development – Okupe

A former senior Special assistant to former President Jonathan Public affairs, Mr. Doyin Okupe has criticized the new Forex policy of the CBN as directed by the federal executive recently. Okupe described the policy as unsustainable and may actually “limit national economic growth and development”. The former assistant said the present salutary effect of shoring […]

Breaking! Nigerian scientists invent technology to end ‘tomato ebola’

Breaking! Nigerian scientists invent technology to end ‘tomato ebola’

…farmers in Kaduna State hail impact Worried by the ravaging effects of the tutsa pest popularly referred to as tomato ebola on production which led to loss of crops and scarcity of the product, which adversely affected Nigeria’s economy in 2015, a team of Nigerian scientists from the National Horticultural Research Institute (NIHORT), Ibadan Oyo […]

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