Partner with Buhari, don’t stampede him, Presidency urges TUC

Juliana Taiwo-Obalonye, Abuja The Presidency has urged the Trade Union Congress (TUC) to shelve its planned a nationwide protest over what the Union alleges to be President Muhammadu Buhari’s ‘inaction over the high-level of corruption uncovered at the Niger Delta Development Commission (NDDC), the Nigeria Social Insurance Trust Fund (NSITF) and the Economic and Financial […]

Panel finds Adesina innocent of all alleged ethical violations: All roads now clear for his reelection as AfDB President

All roads are now clear for the reelection of Dr. Akinwumi Adesina as President of African Development Bank(AfDB) for a second five-year term. Adesina is Africa’s consensus candidate. The election by the bank’s governors will take place during the annual meeting scheduled for August 25-27. This followed the decisive conclusions of the Independent Review Panel […]

Between Education and the Economy – By Arnold A. Alalibo

By Arnold A. Alalibo | NNP | July 26, 2020 – In those days, the singular thing that motivated students to make a choice of discipline was passion for the profession. Disappointingly, today students are no longer passionate about their chosen subjects any more. All they care about are job prospects. What reasons can be […]

CBN: Economy Recorded $42.7bn Forex Inflow in First Quarter

Obinna Chima The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71 billion, the Central Bank of Nigeria (CBN) has said. CBN, in its economic report for Q1 2020 obtained on its website yesterday, said the amount of forex inflow recorded in the period under review indicated […]

Harness youths for post-COVID-19 economic recovery

By Mustapha Sumaila The African Development Bank (AfDB) says harnessing the youth workforce can speed economic recovery in the post-COVID-19 era in the West African countries. The AfDB’s Communications and External Department made this known in a statement on Friday on in its regional economic outlook report. It stated that the virtual launch of the […]

Ireland’s ex-president, Mary Robinson, to lead probe into AfDB Chief

Akinwumi Adesina Ireland’s former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in 2015 — but […]

Nigeria Records 1.87% Growth in Q

By James Emejo Nigeria’s Gross Domestic Product (GDP) grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020 (Q1 2020), the National Bureau of Statistics (NBS) stated Monday. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per cent compared […]

We’ll prosecute Nigerians evading tax on foreign properties – Malami warns

By Nwafor Sunday The Attorney General of the Federation, Abubakar Malami, Friday warned Nigerians evading tax on foreign properties to stop, noting that Federal Government would henceforth prosecute anybody found guilty. Disclosing this in a statement signed by his Spokesman, Umar Gwandu, Malami also warned banks to desist from further shielding Nigerian citizens, noting that […]

COVID-19: The Economy will go into recession – FG

COVID-19: Economy’ll go into recession — FG ON May 21, 20209:59 PMIN NewsBY Urowayino Jeremiah Kindly Share This Story: Says Nigeria faces huge economic downturn; We haven’t seen the worst yet — Badaru GDP to contract by -8.94% in 2020; NEC sets up c’ttee to reopen economy By Johnbosco Agbakwuru ABUJA—THE Federal Government yesterday painted […]

Debtors Africa, Proshare unveil database on delinquent debtors

By Chinyere Joel Nwokeoma Debtors Africa, in partnership with Proshare, have launched an independent searchable database of recalcitrant and delinquent debtors in Africa. They also launched Debtors Report. Debtors Report is a comprehensive analysis of the debt/non-performing loans situation in Nigerian banking industry. Mr Bayo Awoyemi, Team Lead, Debtors Africa, said in a statement on […]

Fani-Kayode reacts to US’ claim that Al Qaeda, ISIS planning to infiltrate South

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