Contrary to insinuations in many quarters, the Independent National Electoral Commission (INEC) has said that voters can use any finger to cast their votes in the forthcoming general elections. The commission made the clarification on its official twitter page @inecnigeria on Wednesday. It said the ballot paper was not finger sensitive, but advised the electorate […]
Political Action Committee Omoluabi United has given five reasons why the South West is solidly behind President Muhammadu Buhari in his quest for re-election. Omolaubi United published an advocacy journal Building Blocks of a New Nigeria distributed at the Lagos APC Mega Rally on Sunday, February 9, 2019. Coordinator of Omoluabi United, AdejokeJones, said the […]
The European Union (EU) has added Nigeria to countries on its “dirty money blacklist”. According to Reuters, the EU said the nations in this category pose a threat because of tax controls on terrorism financing and money laundering. Also added to the list which was initially 16, are Saudi Arabia, Panama, Saudi Arabia, Panama, Libya, […]
The value of capital imported into Nigeria rose 37.5 percent to $16.8 billion in 2018, data showed on Wednesday, with much of that being spent on equities in Africa’s largest oil producer. Nigeria holds a presidential election on Saturday, and the performance of the economy has been a major campaign issue. In 2018, it grew […]
OPEC production fell to a four-year low in January as the cartel applied a new pact to boost global oil prices, the International Energy Agency said Wednesday, but Russia and other ex-Soviet states failed to cut back output as much as promised. The Paris-based organisation said that OPEC crude output dropped by 0.93 million barrels […]
The Chartered Institute of Bankers of Nigeria (CIBN), has called on the federal government to ensure the faithful, efficient, and speedy implemented of the Economic Recovery and Growth Plan (ERGP), staying the country’s future prospect depends on its implementation, as it is anchored on industrialisation. The Institute made this call at the 5th Annual Economic […]
THE Central Bank of Nigeria (CBN) has relaxed the time limit for commercial banks to absorb impairments from implementation of IFRS9 rules on bad loans. The apex bank disclosed this in an emailed response to questions, according to Bloomberg. According to the responses, the banks now have four years to absorb impairments arising from the […]
Nigerians are feeling economic pressure, and the elections on February 16 will give them a chance to make their concerns known. Nigeria is suffering its worst economic crisis in years. The country fell into recession in 2016 for the first time in more than a decade amid falling oil prices. Economic growth has since recovered, […]
Nigeria will battle Mali for a ticket to the final of the on-going African U-20 African Nations Cup in Niamey, Niger Republic. The Flying Eagles topped Group A of the competition, while Mali came second in Group B behind Senegal. All the four teams in the semi-finals have already qualified to represent Africa at the […]
The National Agency for Food and Drug Administration and Control (NAFDAC) says it will no longer approve new registration for alcohol packaged in sachets. Alcohol The Director-General, Prof Mojisola Adeyeye, made this known on Tuesday in Ibadan at an interactive session with stakeholders in food and drugs manufacturing. The NAFDAC boss said that alcohol packaged […]