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Home » 2016 » August

Monthly Archives: August 2016

Trump agrees to meet with Mexican president

Republican presidential nominee Donald Trump said Tuesday that he had accepted an invitation to visit Mexico from President Enrique Pena Nieto ahead of his immigration policy speech in Arizona. President Nieto confirmed that Trump accepted the invitation and that the two would meet in private Wednesday. The visit will come as Trump looks to clarify his stance on immigration, which ... Read More »

CBN re-admits banks banned from foreign exchange market

The Central Bank of Nigeria has re-instated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Mrs Tokunbo Martins, has said. She said this on Wednesday in Abuja at a media briefing, stating that the decision was reached after a series of meetings with the body of bank Chief Executive Officers and the Chartered ... Read More »

Nigerian economy now officially in recession – FG

The Nigerian economy is in recession, figures released by the National Bureau of Statistics officially confirmed Wednesday. Although various government officials, notably the Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of Finance, Kemi Adeosun, had over a month ago said the economy was in “technical” recession, the official confirmation came with the release of the new figures. ... Read More »

Aero suspends scheduled flight services

Aero Contractors Airlines, Nigeria’s second largest commercial carrier has announced the suspension of its scheduled services beginning from Thursday September 1, 2016. Confirming this in a statement signed by the carrier’s management on Wednesday, Aero stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability. It stated that this “business ... Read More »

Nigeria vs Tanzania: Akwa Ibom govt provides free tickets for fans

The Akwa Ibom State government has declared entry into this weekend’s Africa Cup of Nations qualifier between Nigeria and Tanzania free to encourage large turnout of fans to cheer the Super Eagles to victory. The Commissioner for Sport and Youth Development, Mr. Monday Ukoh, said this on Wednesday during an interview with a local radio station. According to him, the ... Read More »

Lagos SS3 students to resume for extra classes  

As part of efforts to improve on the performance of students in both internal and external examinations in the State public schools, the Lagos State Ministry of Education has directed all students promoted to SS3 to resume on Monday, September 5, 2016 for a week extra coaching classes slated for September 5 – 9, 2016. The Permanent Secretary in the ... Read More »

Nigeria’s economy growth rate may still beat IMF prediction

As emphasis on capital expenditure by the Federal Government begins to yield positive results with investment/GDP ratio increasing, the GDP growth rate of the Nigerian economy is likely to beat the IMF prediction of -1.8% for the full year 2016, the Ministry of Budget and National Planning has indicated. Although the recent data released from the National Bureau of Statistics ... Read More »

​RRS Nabs 18-yr-old, sells Soap Bars as Mobile Phones

The Operatives of Rapid Response Squad (RRS) of Lagos State Police Command, have apprehended an 18 -year-old boy, Segun Adeyefa, for allegedly selling bar ​s ​​of soap as mobile phones to unsuspecting members of ​the ​public in traffic. The suspect was arrested by the RRS men on routine patrol of Ikorodu Motor Park yesterday at about 19:50 hrs, while trying ... Read More »

FG Demands Immediate Reinstatement of Ninety-One Sacked CRIN Workers

The Federal Ministry of Agriculture and Rural Development has directed the Accountant General of the Federation to immediately reinstate Ninety-one (91) staff of the Cocoa Research Institute of Nigeria (CRIN) back to the Integrated Payroll and Personnel Information System (IPPIS) platform. This was conveyed in a letter signed on behalf of the Minister of Agriculture and Rural Development by the ... Read More »