Nigeria Out Of Recession

Nigeria is finally out of recession as data on the country’s Gross Domestic Product released on Monday by the National Bureau of Statistics (NBS) shows that the economy grew at 0.55 per cent in the second quarter of 2017. This is 2.04 per cent higher than the rate recorded in the corresponding quarter of 2016 and higher by 1.46 per cent points from rate recorded in the preceding quarter.

NNPC Boosts Gas Supply To Gas Power Plants

The Nigerian National Petroleum Corporation (NNPC), increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.

The sustained strategic intervention of the Nigerian National Petroleum Corporation, NNPC, in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide.

Irish Potato farmers in some parts of Plateau state have raised alarm over alleged attacks on their farms by suspected witches and wizards, resulting in low harvest. According to Dailytrust, the farmers claimed that the issue is seriously affecting them as the case has not been experienced before.

Address Economic Hardship, CAN Tells FG

The President, Christian Association of Nigeria, Rev. Samson Ayokunle, has called on the Federal Government to address the economic hardship and the high cost of living in the country which he said had reached an alarming level.

Chemicals In Yoga Mats May Disrupt Fertility - Study

If you are planning to undergo fertility treatment, avoiding products like yoga mats may help, as those with flame retardant chemicals can disrupt in-vitro fertilisation (IVF), a study has claimed.

State Of The Art Dangote Tomato Factory Lying Idle

At a state-of-the-art Dangote Tomatoes plant in northern Nigeria, shiny machines stand next to a conveyor belt ready to crush tomatoes to satisfy the country’s insatiable demand for tomato paste. But a lonely cleaner mopping the floor is the only sign of activity in Nigeria’s biggest tomato factory, equipped with the latest Italian and German technology. There aren’t enough tomatoes to run it.

CBN Injected $9.96bn Into FX Market In Six Months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its aggressive interventions in February this year.

The Acting Chairman of the Economic and Financial Crime Commission (EFCC), Ibrahim Magu said the ongoing war against corruption by the current administration was almost lost and that for it to succeed a lot needs to be done. Magu stated this on Wednesday during a parley with newsmen in Abuja. He disclosed that the reason why the Commission was having a hard time dealing with the issue was that corruption was fighting back.

FG TO Reposition Cocoa Industry

President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration will work to reposition it and other non-oil export commodities.