Buhari flags off production at $150m feed mill in Kaduna
President Muhammadu Buhari on Tuesday, performed the first official function outside Abuja, since his return from medical vacation in London which took him about 104 days. He commissioned a new poultry feed mill worth $150 million in Kaduna State. Though…
Abia imposes curfew after Army clash with IPOB, Journalists in Aba
Following possibility of breakdown of law and order, due to observed confrontation between the Nigerian Army and members of IPOB and invasion of NUJ Press Centre in Aba on Tuesday, the Governor of Abia State, Dr. Okezie Ikpeazu has issued…
Nigerians spend N2.67tn on 40 million terabytes of data monthly
The executive vice chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta has revealed that “The monthly data usage in Nigeria is about 40 million terabytes.” He made the disclosure while playing host to the visiting chairperson of Liberia Telecommunications…
How telecoms sector’s N1.5tn to GDP in Q2 exited Nigeria from recession—NCC
Indications have emerged that but for the pumping in of well over N1.5 trillion to the economy within the second quarter by the telecoms sector, Nigeria may not have exited recession within the period. This was made public by the…
Many federal agencies’ currently frustrated by release of funds for projects—Survey
Whereas the federal government is still basking on the euphoria of achieving the Treasury Single Account (TSA), there is a growing confusion and frustrations in accessing fund for strategic projects within Ministries, Departments and Agencies (MDAs), Business Hilights can authoritatively…
Data from one quarter not enough to declare out of recession—Dev. Economist
Leading Abuja based Development Economist and economy analyst, Mr. Odilim Enwegbara, has reacted to the use of data from just one quarter by the National Bureau of Statistics (NBS) to declare Nigeria is out of recession. In an interview, he…
Recession exit squeezes currency in circulation to N1.77tn as against N22.54tn YOY
Monetary statistics accessed from the Central Bank of Nigeria (CBN) has shown within the period of the nation’s exit from recession, currency in circulation dropped to an all time low of N1.77 trillion from N22.54 trillion year-on-year (YOY) when compared…
In 10 air crashes in 48 years, pilot errors cost 1,312 lives in Nigeria—Aviation expert
Leading aviation expert and President, Sabre Network, Mr. Gbenga Olowo, has revealed that whereas about 80 per cent of all aviation accidents in Nigeria is linked to pilot errors, the recorded 10 crashes in the last 48 years has spilled…
Forget suit, settle your indebtedness, takeover your company—AMCON to Arik shareholders
In a sharp reaction to the suit filed by Arik Air shareholders over what they described as veiled plan to wrestle away their investment and sale to Ethiopian Airlines, the current manager, Asset Management Corporation of Nigeria (AMCON), has advised…
Onovo queries if it’s right to call 0.55 rise in GDP, a growth in economy?
Petroleum engineer, public affairs analysts and former presidential candidate of National Conscience Party (NCP) during the 2015 general elections, Chief Martins Onovo has taken a swipe on the claims by the National Bureau of Statistics (NBS) that Nigeria exited recession…
