The Presidential Fertilizer Initiative, PFI, will deliver 4 million bags of 50kg Nitrogen, Phosphorous and Potassium (NPK) fertilizer to farmers, at an affordable price, before the end of the year. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this at the weekend on Hannu Ya Dawa, an audience participation […]
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Former directors of Arik Air, through their lawyers have filed a N20 billion suit against the federal government and Ethiopian Airlines over recent claims of negotiating the takeover of the airline. The suit was instituted at the federal high court, Lagos, against Ethiopian Airlines, the federal ministry of transportation and the attorney general of the […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said the oil firm does not “see a penny” from the sale of crude oil. Baru asserted the above in response to reports, especially from the Nigeria Extractive Industries Transparency Initiative (NEITI). In its March 2017 policy brief, NEITI said by […]
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The Peoples Democratic Party (PDP) has reacted to the news that Nigeria has exited recession, saying there is nothing to celebrate until the “harsh living conditions” have improved. On Tuesday, the National Bureau of Statistics (NBS) announced that the country’s economy grew by 0.55% after five negative outlooks. But in a statement on Wednesday, Dayo […]
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Former Vice-President of Nigeria, Atiku Abubakar says recession cannot be said to have ended until all Nigerians can eat three square meals. He made the claim above in reaction to the news that Nigeria had exited recession. Recall that the National Bureau of Statistics (NBS), on Tuesday announced that the country’s economy grew by 0.55% […]
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The Presidency on Tuesday has reacted to the news of Nigeria’s exit from recession. In a statement distributed by Laolu Akande, spokesperson to Vice President Yemi Osinbajo, the Buhari administration welcomes news of Nigeria’s exit from recession with “cautious optimism and will continue to drive Nigeria’s economic growth by vigorously implementing the Economic Recovery & […]
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The National Bureau of Statistics (NBS), on Tuesday declared that Africa’s largest economy has officially exited recession. The Bureau who declared Nigeria’s worst recession in 29 years, said the west African country grew by 0.55 percent in GDP terms for Q2 2017. According to the Nigerian Gross Domestic Product report released by NBS on Monday, […]
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Following a National Council on Privatisation (NCP) meeting chaired by Vice President Yemi Osinbajo, the Federal Government (FG) has annulled the concession of the Lagos International Trade Fair Complex to Aulic Nigeria Limited. The decision to annul the Trade Fair concession awarded in 2008 was announced on Monday by Laolu Akande, Senior Special Assistant on […]
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The federal government of Nigeria says the two illegal mining companies – Solid Unit Limited and Geotess Nigeria Limited – that were shut down in Zurak, Wase local government area of Plateau state, last month, had illegally taken out minerals worth over N100 billion in the past few years. Kayode Fayemi, minister of mines and […]
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Dr. Ibe Kachikwu, the Minister of State for Petroleum Resources has predicted that prices of Premium Motor Spirit (PMS), Popularly called petrol, will crash in the next four to six months as a result of the competition inherent in the price modulation. While presenting his scorecard on his two years in office in a podcast […]
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