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IMF Lowers Global Growth Forecast For 2019

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The International Monetary Fund (IMF) has lowered its global growth forecast for 2019 to 3 per cent in the newly-released World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in July, reported.

Nigeria's Debt Hit N25.7tn In June - DMO

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The Debt Management Office, DMO, on Wednesday said as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally. The disclosure was contained in its ‘Total Public Debt Portfolio’ obtained from its website.

Biafra: Zionists Reject Naira, Vow To Launch New Biafra Currency

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The Biafra Zionists Federation, BZF, a group seeking self-determination for the Igbos has disclosed plans to launch new currency as part of their push for secession from the Nigerian state.

Submit Travel Plans, Buhari Tells Ministers

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President Muhammadu Buhari has approved a new policy which requires all Ministries, Departments, and Agencies (MDAs) to submit their Yearly Travel Plans to the Office of the Secretary to the Government of the Federation (OSGF) and/or the Office of the Head of Civil Service of the Federation for clearance.

Crack In The Senate Over Back Door Recruitment

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There is a looming crisis in the Nigerian Senate over allocation of slots for secret recruitment being assigned to some principal officers by the Federal Inland Revenue Service (FIRS).

Why Strike By Organized Labour Will Be Futile – Gov. Fayemi

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Governor of Ekiti State and Chairman of the Nigeria Governors Forum, NGF, Dr. Kayode Fayemi has urged Organized Labour to shelve its planned industrial action in the interest of the country, adding that the move would not achieve the intended aim.

The South African Government has granted a request for Air Peace to begin commercial flights to Johannesburg, South Africa. According to Punch, the confirmation was granted last Friday as part of the implementation of the Bilateral Air Service Agreement between Nigeria and South Africa at the meeting of the 9th session of the Nigeria/South Africa Bi-National Commission Summit in Pretoria, South Africa.

The Nigerian Electricity Regulatory Commission (NERC), has said no tariff increase has been approved by the commission yet, putting to rest agitations from some quarters that the Commission would soon approve increase in electricity tariff.

N730bn Spelt On Sports Betting Annually

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According to a recent study, Nigerians spend over N730billion annually on sports betting and a whopping sum of two billion naira is generated on a daily basis. The data also revealed that over 60 million Nigerian punters spend over N3,000 daily placing bet stakes. 

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