Nigeria’s economy grew 3.4% in 2021 — strongest since 2014
Nigeria’s gross domestic product (GDP) grew 3.4 percent in 2021, the strongest since 2014. The figure is the first annual growth above 3 percent since President Muhammadu Buhari won the 2015 election. In 2014, the economy grew 6.3 percent. The National Bureau of Statistics (NBS) said this in its fourth-quarter GDP […]
Jibrin risks dismissal as FHA panel summons him over ‘serious misconduct’
A disciplinary panel of the Federal Housing Authority (FHA) has summoned Abdulmumin Jibrin, an executive director of the agency, over alleged misconduct. In a letter dated February 15 and addressed to Jibrin, Zubairu Salihu, chairman of a disciplinary committee, said the former Kano lawmaker is being summoned because he failed to respond to […]
Panic as fire guts Nigerian Law School campus in Lagos
There was panic at the Lagos campus of the Nigerian Law School on Wednesday night after a fire broke out causing a stampede. Source: Top Stories
Police commission suspends DCP Kyari’s men named in cocaine deal
The Police Service Commission (PSC) says it suspended two police officers — Sunday Ubua and James Bawa — named in the cocaine deal involving Abba Kyari, suspended deputy commissioner of police. Ikechukwu Ani, spokesperson of the PSC, announced the suspension, in a statement on Thursday. “The Police Service Commission has suspended assistant […]
Geometric Power takes over Aba ring-fenced area after nine years legal tussle
The management of Geometric Power has formally acquired the Aba ring-fenced area from Integrated Electricity Limited, a core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle over the rightful owner of the project. The asset was handed over by the National Council on Privatisation (NCP) through the Bureau for […]
Borrowing for consumption is Nigeria’s major challenge, says Peter Obi
Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge. He said this in a tweet on Thursday. According to him, the country can borrow funds but they should be used wisely for investment. He said the mismanagement of borrowed funds has cost the country so much, […]
‘Mission accomplished’ — Macron announces withdrawal of French troops from Mali
Emmanuel Macron, the president of France, has announced the withdrawal of French troops in Mali, after a meeting with African leaders in Brussels, Belgium. Speaking in Brussels on Thursday, Macron said the EU and France no longer share the same priorities with the government in Mali. “We cannot remain militarily committed with […]
Bankers may declare assets as senate moves to amend 35-year-old BEDA act
The senate on Tuesday considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986. Ezrel Tabiowo, special assistant (Press) to the senate president, said this in a statement issued on Tuesday. “The bill for an Act to amend the Bank Employees (Declaration of Assets) Act CAP […]
NNPC: We have one billion litres of petrol to address supply gap
The Nigerian National Petroleum Company Ltd (NNPC) says it has over 1 billion litres of safe Premium Motor Spirit (PMS), also known as petrol, in its stock for nationwide distribution. It also said 2.3 billion litres of PMS would arrive in Nigeria between now and the end of the month to restore sufficiency. […]
Daily COVID Tracker: NCDC reports 33 infections – but no fatality
Nigeria on Tuesday recorded 33 cases of COVID-19. Here are five updates about the pandemic this Wednesday. Vaccination during pregnancy protects infants from being hospitalised for COVID, says study Infants whose mothers received two doses of an mRNA COVID-19 vaccine during pregnancy are less likely to be admitted to the hospital for […]