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Flash News

IT’S THE ECONOMY STUPID

Ugandan’s Museveni re-elected 6th time as rival says vote rigged

Oin! Ohaneze’s doing well

Lecturer dismissed after confessing to sexually harassing female student

Prof Babagana Zulum

Power should return to south in 2023 -Borno gov

ASUU, Plateau university chapter begins indefinite strike

Ogun announces date for schools resumption

Gov. Umahi’s aide resigns to save marriage

School in Abuja to resume Jan 18

Tony Elumelu’s Oil firm acquires 45% of OML 17 from Shell, Total, ENI

ALGON disassociates self as FG pays Ned Nwoko, others from states, local govt allocations for next 10 years

Saturday, January 16, 2021

Category: Economy

Nigeria’s inflation now 15.75%, highest since 2017
Economy Nigeria

Nigeria’s inflation now 15.75%, highest since 2017

Staff Writer January 15, 2021

Data from the National Bureau of Statistics released Friday showed that the inflation rate in Nigeria jumped in December to its highest level in more than three years. Inflation stood … Read More

InflationNigeria economy
FG creates “Special instruments” as part of plans to formalize borrowing from CBN
Business Economy

FG creates “Special instruments” as part of plans to formalize borrowing from CBN

Staff Writer January 14, 2021

The ministry of finance and the Central bank of Nigeria have planned to convert loans from the financial regulator into tradeable securities, the Minister of Finance Zainab Ahmed has said. … Read More

BorrowingFinanceNigeria governmentZainab Ahmed
NBS: Active Data Subscription Hits 151.51m
Economy

NBS: Active Data Subscription Hits 151.51m

Staff Writer II January 13, 2021

The total number of active internet subscribers increased to 151.51 million in the third quarter of last year (Q3 2020) compared to 143.63 million subscribers in the preceding quarter and … Read More

FIRS: Nigeria Lost N5.4tn to Tax Evasion by Multinationals
Economy

FIRS: Nigeria Lost N5.4tn to Tax Evasion by Multinationals

Staff Writer II January 12, 2021

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday said the country lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in … Read More

FG signs Kano-Maradi 1.9bn railway line
Business Economy Nigeria

FG signs Kano-Maradi 1.9bn railway line

Staff Writer January 11, 2021

The Federal Government has signed the Memorandum of Understanding (MoU) with Mota- Engil Group on the construction of 1.959billion dollars Kano-Maradi Standard Gauge Railway lines. The Minister of Transportation, Rotimi … Read More

Memorandum of UnderstandingMinister of TransportationMota- Engil GroupMoUNigeria railwayRotimi Amaechi
Lawmaker proposes bill to legalize cultivation of marijuana in Nigeria
Business Economy Nigeria

Lawmaker proposes bill to legalize cultivation of marijuana in Nigeria

Staff Writer January 7, 2021

A bill to legalize the cultivation and trading of cannabis for medical use as well as for revenue generation in Nigeria has been proposed. The bill titled ‘A Bill for … Read More

CannabisMarijuanaNigeria lawmaker
Kano reverts to N18,000 minimum wage ‘over COVID-19-induced recession’
Economy Nigeria

Kano reverts to N18,000 minimum wage ‘over COVID-19-induced recession’

Staff Writer January 6, 2021

The Kano state government has stopped the payment of N30,000 minimum wage to its workers, reverting to N18,000 — the previous wage scale. Following pressure from organised labour, President Muhammadu … Read More

Kano stateMinimum wageTanko-Yakasai
FG to borrow dormant account balances, unclaimed dividends
Economy Nigeria

FG to borrow dormant account balances, unclaimed dividends

Staff Writer January 6, 2021

Unclaimed dividends and bank account balances unattended to for at least six years will available as special credit to the federal government through the Unclaimed Funds Trust Fund, according to … Read More

Crisis Intervention FundGodwin EmefieleMuhammadu Buhari
FG increases electricity tariff by 50% few days into 2021
Business Economy Nigeria

FG increases electricity tariff by 50% few days into 2021

Nne Bryte January 5, 2021

Barely three months after the last increment of Electricity Tariff by the discos, the Nigerian Electricity Regulatory Commission (NERC) has already enforced a new Multi-Year Tariff Order (MYTO), increasing electricity … Read More

electricityMYTONERCNigeria
Russia, OPEC plan talk on need to increase oil production in February
Business Economy World

Russia, OPEC plan talk on need to increase oil production in February

Staff Writer January 4, 2021

Ministers of the OPEC+ countries will hold two meetings on Monday, where they will decide whether to continue the recovery of oil production in February by another 0.5 mln bpd. … Read More

Ministers of the OPEC+OPEC

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  • Ugandan’s Museveni re-elected 6th time as rival says vote rigged
  • Oin! Ohaneze’s doing well
  • Lecturer dismissed after confessing to sexually harassing female student
  • Power should return to south in 2023 -Borno gov

Economy

Staff Writer January 15, 2021

Nigeria’s inflation now 15.75%, highest since 2017

Staff Writer January 14, 2021

FG creates “Special instruments” as part of plans to formalize borrowing from CBN

NBS
Staff Writer II January 13, 2021

NBS: Active Data Subscription Hits 151.51m

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IN THE NEWS

Staff Writer January 16, 2021

Ugandan’s Museveni re-elected 6th time as rival says vote rigged

Eugene Uzor January 16, 2021

Oin! Ohaneze’s doing well

Staff Writer January 16, 2021

Lecturer dismissed after confessing to sexually harassing female student

Prof Babagana Zulum
Staff Writer January 16, 2021

Power should return to south in 2023 -Borno gov

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