Receives briefing on crude oil production & security Council sub-committee to consider Governors’ concerns over ownership of new NNPC Ltd By Daniel Adaji The National Economic Council (NEC) has endorsed a report on the 2021 financial performance of the Nigeria Sovereign Investment Authority (NSIA), commending the board and management for a credible performance despite Continue Reading
By Theophilus Abbah On February 4, 2022, no fewer than 25 terrorists, fleeing airstrikes by the Nigerian military, drowned in a deep river located within the Marte axis of the Lake Chad basin in Borno State. On February 10, 2022, a military fighter jet and helicopter gunship eliminated some bandit leaders and terrorists in Niger State. On […]Continue Reading
…How South American country overcame kidnapping, armed banditry and terrorists Kidnapping and banditry have combined to form the shape of a national epidemic, as they have eaten into every fabric of about 20 states. A signature of Boko Haram insurgency, which has engulfed the country since 2009, kidnapping for ransom and the killing of innocent […]Continue Reading
On Friday, the Central Bank of Nigeria (CBN) ended all multiple foreign exchange (forex) rates in Nigeria and introduced a somewhat single exchange rate regime, apparently in a move to protect the naira from exchange rate depreciation as the COVID-19 continues to take huge toll on Nigeria’s crude oil earnings and foreign reserves. Some market […]Continue Reading
An analysis of trade statistics has shown that trade relations between China and Nigeria is heavily to the disadvantage of Nigeria. Data from the National Bureau of Statistics (NBS) revealed that Nigeria recorded N6.83 trillion worth of trade deficit with China in the last four years. Between 2015 and 2018, Nigeria imported goods worth N7.65 […]Continue Reading
“Strong people don’t put others down — they lift them up.” So says the discreet sign at the entrance to one of the most remarkable research facilities in Africa. Run by a Cameroon-raised, Harvard-trained molecular biologist, the African Centre of Excellence for Genomics of Infectious Diseases (ACEGID) has been at the forefront in the fight […]Continue Reading
Zenith Bank Plc has again emerged the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number one […]Continue Reading
The Federal Government has failed to complete the payment of its counterpart fund for Family Planning activities in the 2019 health budget, investigations have revealed. Family planning is a component of health strategies to encourage child spacing, promote the health of women of child-bearing age, and to reduce financial pressures on households in Nigeria. Since […]Continue Reading
The African Diaspora Congress (ADC) has condemned, in strong terms, the meddling of the United States of America in the leadership of the African Development Bank under President Akinwumi Adesina. In a statement signed by the Secretary General of ADC, Prof Apollos O Nwauwa, and the Public Relations Officer, Dr Isabelle Kemajou-Brown, the association said […]Continue Reading
By Adie Vanessa Offiong Nigeria had been waiting for it, expecting it, anticipating it. But no one knew exactly as it came in. Only in hindsight would the country piece together the story of an Italian man who arrived by air in Lagos on March 24, infected with SARS-CoV-2. By four weeks later, 1,337 people […]Continue Reading
By Adie Vanessa Offiong As the 2019 fiscal year drew to an end, Nigeria was writing up a budget for 2020—and it was unaware how that would change. A pandemic of coronavirus disease was waiting in the wings to change all that. The pandemic started in China, shutting down production factories that run on oil […]Continue Reading
By Ifah Ele Sunday President Muhammadu Buhari, on April 27, 2020 ordered the ease of lockdown in three major high-infection states in the country. The three states, Lagos, FCT, and Ogun, had been on lockdown since March 30. This decision was as a result of the impact the lockdown had on the economy. In his […]Continue Reading