Alhaji Aminu Goronyo, the National President, Rice Farmers Association (RIFAN), has assured Nigerians that the market prices of locally produced rice will soon crash. Goronyo told News Agency of Nigeria (NAN) in Abuja on Wednesday that the price a 50kg-bag of locally produced rice would plummet from N18,000 to between N6,500 and N7000 by April […]
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If you think the rate of unemployment in Nigeria is alarmingly high, then you have to brace up for the challenge ahead. The National Bureau of Statistics (NBS) has indicated that the number of unemployed people in Nigeria will increase in the fourth quarter of 2017. The bureau made this prediction in the third quarter unemployment […]
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President Donald Trump of the United States mocked countries with immigrants in the US, according to a New York Times report. In a meeting he reportedly attended in June at the Oval Office, Trump was quoted to have said Nigerians refuse to “return to their huts” after seeing America. He was also quoted to have […]
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The International Monetary Fund (IMF) has projected a 2.1 percent growth for Nigeria. This is after saying the economy of Nigeria is still vulnerable in spite of the country exiting recession. In a statement by Raphael Ranspach, the organisation’s media and press officer, IMF welcomed the federal government’s actions to improve the power sector and […]
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Nigeria’s unemployment rate worsened from 16.2 percent in the second quarter of 2017 to 18.8 percent in the third quarter of the year, the National Bureau of Statistics said on Friday. The NBS said the number of people within the labour force who were unemployed increased from 13.6 million in the second quarter of the […]
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The Nigerian Prison Service, NPS, has confirmed that majority (66 per cent) of inmates in Nigerian prisons are awaiting trial as at December 15, 2017. The Controller General of the Service, Jaafaru Ahmed, made the disclosure at the quarterly meeting of the Penal Reform Media Network (PERMNET) in Lagos. Represented by the spokesperson of NPS, […]
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Nigeria had the second largest HIV epidemic in 2016, with over 196,000 adolescents representing 10 per cent of the global burden said to be living with HIV/AIDS, according to a World Health Report. The report was given by Mrs Esther Samuel, The Chief Matron, Lagos State Ministry of Health, at a programme by a Non-governmental […]
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The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion were recorded in the third quarter as data on Electronic Payment Channels in the banking sector. The NBS said this in a report on “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels, Deposits and Domestic Credit Breakdown and Staff […]
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Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said Dangote Refinery, which is currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct and 145,000 indirect jobs. It will at the same time crash prices of petroleum products. He said that the refinery would lower the prices of petroleum […]
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President of the Nigeria Football Federation (NFF), Amaju Pinnick, has reacted to the disciplinary action taken against Nigeria by world football governing body, FIFA. In a statement by the NFF on Tuesday, Pinnick mistake on the part of NFF and accepted the sanction, but ordered that an internal inquiry be instituted immediately over the “error”. […]
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