Business

Telcom sector contributes 8.8% to GDP in Q4

According to the National Bureau of Statistics, NBS, the telecommunications sector alone, contributed N1,645,82 billion or 8.8% to Nigeria’s Gross Domestic Product  in  the last quarter of 2015.
The latest figure is slightly higher than the 8.76% contribution recorded in the same [...]

Sun, 01 May 2016


Diversification: FG promise more investment in industrial sector

As part of efforts at diversifying the Nigerian economy, the federal government said it will make available more funds for industrialists, while strengthening its relationship with industrial economies like China.
Speaking at the recent the China-Africa Trade, Investment Summit held in Abuja, th [...]

Sun, 01 May 2016


Govt. borrowing from banks increase by 4% in 4Q

Government borrowing from commercial banks in the country has been on the rise in recent times with an over 3.8 percent increase in lending in the 4th quarter of 2015.
Records from the Central Bank of Nigeria reveal that a total credit of N2.89trillion was received by the federal government from [...]

Sun, 01 May 2016


World Bank recants, forecasts improved oil price

Despite growing market sentiments and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from the $37 per barrel it had earlier projected.
The rebound comes after an initial dip of $25 per barrel in mid-January to $40 per barrel in April follow [...]

Sun, 01 May 2016


FG to get France’ €50million loan for power training in Nigeria

The Nigerian government will next month sign a €50million loan arrangement with the French government for the development and upgrading of power training facilities in the country.
Director-General, National Power Training Institute of Nigeria, NAPTIN, Mr. Reuben Okeke, who dropped the hint [...]

Tue, 26 April 2016


ECOWAS tasks ERERA on partnership to boost electricity supply

The newly elected chairman of the ECOWAS Regional Electricity Regulatory Authority, ERERA, Prof. Honoré Bogler, has been urged to partner other ECOWAS institutions to improve the energy need of the sub-region.
Speaking at the inauguration of the new chairman at the ERERA, the ECOWAS Commi [...]

Tue, 26 April 2016


Bank depositors’ fund hits N17trn in 2015

Depositors funds with all commercial banks in the country has hit N17.3 trillion as at December 2015, the Nigeria Deposit Insurance Corporation, NDIC, has said.
Managing Director/CEO of the NDIC, Umaru Ibrahim, said about 67 million depositors tied to this sum have been provided with over 90 per [...]

Tue, 26 April 2016


NERC rates DISCOs low on metering

All eleven distribution companies in the country have been rated poorly for their inability to meter over 2.9million customers since the privatization of the power sector close to three years ago.
The Nigerian Electricity Regulatory Commission, NERC, at a meeting with the power firms to evaluate [...]

Tue, 26 April 2016


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PhotoMan arrested for allegedly raping 15-year-old

The police in Bariga have arrested one Fatai Nafiu of No 9, Adetoke Street, Bariga for raping a 15-year-old girl (name withheld).

This was c [...]

02 September 2019

PhotoMan arrested for allegedly raping 15-year-old

The police in Bariga have arrested one Fatai Nafiu of No 9, Adetoke Street, Bariga for raping a 15-year-old girl (name withheld).

This was c [...]

02 September 2019