The National Emergency Management Agency (NEMA) has received another batch of 153 stranded Nigerians from Libya. The Director-General of NEMA, Mr Mustapha Maihajja, represented by Mr Slaku Lugard, an official of the agency, received the returnees on Wednesday in Lagos. Maihajja said that the Nigerians arrived in the Cargo Wing of the Murtala Muhammed International […]
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Africa development bank says risks to growth ‘increasing by the day’
China trade war and uncertainty over Brexit pose risks to Africa’s economic prospects that are “increasing by the day,” the head of the African Development Bank (AfDB) told Reuters. The trade dispute between the world’s two largest economies has roiled global markets and unnerved investors as it stretches into its second year with no end […]
‘Nigeria signs Africa free trade agreement’
Nigerian President Muhammadu Buhari has signed up to the $3 trillion Africa free trade agreement, a spokesman confirmed on Sunday. As the largest economy on the continent, Nigeria’s decision to sign the deal was a boost to the pact. It was one of the last countries to commit to the deal. In signing the deal […]
WAEC to release May/June 2019 results in August
The West African Examinations Council (WAEC) will release the results of May/June 2019 West African Senior School Certificate Examination (WASSCE) in August. The school examination for Senior Secondary School (SS111) was taken by over 1.6 million candidates in the 36 states and the Federal Capital Territory (FCT). It was gathered that the marking of the […]
June 12 special: ‘Abuja national stadium now MKO Abiola stadium’
President Mohammadu Buhari today renamed the Abuja national stadium after late Moshood Abiola. Buhari made the declaration in his June 12 Democracy Day celebration speech on Wednesday. He said the decision was taken to honour and immortalise the acclaimed winner of June 12, 1993, general election. Pix: Abuja National Stadium
Forcados shutdown drags Nigeria’s oil production as OPEC’s May output shrinks
OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran, and Venezuela continue to see their output contract, latest S&P Global Platts survey has shown. Nigeria also saw production fall significantly in the month, hampered […]
Nigeria to continue to experience sluggish recovery – Fitch
A global ratings agency, Fitch Ratings, has said Nigeria will continue to experience a sluggish recovery, driven by the rebound in oil prices and the expansion of services. Fitch predicted that the country’s GDP growth would average 2.2 per cent in 2019-2020, below its previous 10-year average of 4.2 per cent and the current ‘B’ […]
Erastus Akingbola’s money laundering trial resumes June 13
A Federal High Court in Lagos on Tuesday adjourned until June 13, the money laundering trial of a Managing Director of the defunct Intercontinental Bank Plc., Erastus Akingbola. Mr Akingbola was charged by the Economic and Financial Crimes Commission (EFCC) on an amended 22 counts bordering on money laundering.He was re-arraigned in March and pleaded […]
NPA promotes Optimal Staff Performance, Wellness
By Foster Obi Management of the Nigerian Ports Authority (NPA) has reassured staff of the Organization of its unflinching and firm resolve at prioritizing health details concerning its employees in order that the best of all officers would be effectively tapped into as the Authority harnesses all variables towards greater dividends contributive to the Nation’s […]
AIB slams Air Peace, others for failure to report serious incidents/ accidents
The Accident Investigation Bureau (AIB), on Monday, slammed Air Peace and other airlines for their persistent failure to report accidents and serious incidents involving their aircraft, saying such actions amounted to serious safety infractions. Chief Executive Officer/Commissioner of AIB, Akin Olateru, who disclosed this, said concealing such safety information was contrary to the rules of […]