Nigeria’s Gross Domestic Product (GDP) grew by 2.28% (year-on-year), in real terms, in the third quarter of 2019. Compared to the third quarter of 2018 which recorded a growth of 1.81%, the real GDP growth rate observed in the third quarter of 2019 indicates an increase of 0.47% points. Relative to the second quarter of…
The candidate of the All Progressives Congress (APC), David Lyon has won the November 16 governorship election in Bayelsa State. The Returning Officer of the Independent National Electoral Commission (INEC) and Vice-Chancellor of the University of Benin, Professor Faraday Orunmuwese, announced this on Monday morning. Professor Orunmuwese returned Lyon as the winner of the keenly contested election…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria lost about $42 billion to crude theft as well as domestic and refined petroleum products losses between 2009 and 2018. This is according to the latest edition NEITI’s Policy Brief titled “Stemming the Increasing Cost of Oil Theft to Nigeria” published Wednesday in Abuja….
Students from different secondary school across Lagos have been advised to shun cyber crime and its activities as it is a crime against humanity. This was said at a discussion with students in the police citizens partnership in preventing cybercrime to celebrate National cyber security awareness month (NCSAM). The Programme which was organized by international…
Recent Reports reveals that positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria (CBN) stress test released on Thursday, has shown. The financial stability report signed by CBN Director, Financial Policy and Regulation Department, Kelvin Amugo, showed that in the less than 30-day period analysis, seven banks were not adequately…
Amnesty International has launched a report chronicling attacks on the press in Nigeria since 2015. The report, launched in Abuja on Monday, said at least 19 journalists and media practitioners have been attacked in Nigeria between January and September 2019, the highest since 2015. Six journalists, including bloggers, were arrested in 2018, while four were…
An estimated $582 billion has been stolen from Nigeria since independence in 1960. The estimate, which was attributed to Chatham House, was quoted in an article published by The Economist titled, ‘Catch me if you can, African kleptocrats are finding it tougher to stash cash in the West,’ published in its online edition. Corruption is…
