5 Million Nigerians Lifted Out of Extreme Poverty in Three Years – Buhari
President Muhammadu Buhari, says the federal government’s introduced National Social Investment Programme (NSIP) of the federal government, has in three years, lifted no fewer than five million Nigerians out of extreme poverty. Click here for more.
No Secret Graveyards in Northeast – Defence HQ
The Defence Headquarters (DHQ) has debunked a report of a secret cemetery for soldiers killed by Boko Haram in the North East zone. An online article by “Wall Street Journal” had claimed that the Nigerian military maintains secret graveyards in the North East theatre of operation. Click here for more.
$10bn Agro Export Loss Threatens Nigeria AfCFTA Share
As Nigeria laments its reported annual loss of $10bn in commodity exports, stakeholders say the country may face a bleak future and lack of competitive edge in the African free trade market unless something is done to improve the situation. Click here for more.
Lagos-Ibadan road closure shifted to Monday, soldiers deployed
The planned partial closure of a part of the Lagos-Ibadan Expressway for reconstruction has been shifted to Monday, August 5, our correspondent has gathered. Information gathered on Thursday from the construction firm handling the section one of the road from Lagos to Sagamu Interchange Click here for more.
FG Invests N14bn In Mineral Exploration
Dr Muazu spoke at a stakeholders’ workshop of the National Integrated Minerals Exploration Project (NIMEP) in Abuja, yesterday. “One of the constraints identified that seems to be scaring away investors is the issue of quality geoscience data. Click here for more.
Investors Gain N14.72bn As Market Sentiment Turns Positive; NSEASI Inches Up By 0.11%
Equities market closed today on a positive note, as NSEASI appreciated by 0.11% to close at 27,748.46 points as against 0.37% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -11.71%. Click here for more.
CBN’s Survey Shows Manufacturing Sector Expanding
The Purchasing Managers’ Index in the month of July stood at 57.6 index points, indicating expansion in the manufacturing sector for the 28th consecutive month. The Central Bank of Nigeria’s statistics department disclosed in its July survey report on Purchasing Managers’ Index on Wednesday. Click here for more.
Manufacturing Index shows 11 ‘performing’ businesses in Nigeria
The Central Bank of Nigeria (CBN) has released the latest Purchasing Managers’ Index (PMI). The report which is for July 2019 showed that Nigeria’s manufacturing sector has continued to expand. According to the CBN’s report, 11 businesses in the manufacturing sector recorded improved growth in July. Click here for more.
Oil Price Drops to $63 on Fed Outlook, Ample Supply
Crude oil price dropped to around $63 per barrel Thursday, declining for the first time in six days after the United States Federal Reserve dampened hopes for a string of interest rate cuts and rising US output helped keep the oil market well supplied. Click here for more.
Glo pays N2.6bn interconnect debt to MTN
MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue confirmed on Thursday. It was gathered that the industry regulator, Nigerian Communications Commission, had intervened in the debt issue, which led to partial disconnection of calls from Glo to MTN subscribers. Click here for more.
N330 billion Fine: MTN in fresh mess after FIRS queries tax deduction
Telecommunication giants MTN Nigeria appears to be in fresh trouble after the Federal Inland Revenue Service (FIRS) queried the firm for deducting tax from the N330 billion fine it paid the Nigerian Communications Commission (NCC) for SIM card infraction. Click here for more.
Trump Hits China With More Tariffs, Sharply Escalating Trade Dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. Click here for more.