The United Nations on Monday recanted an earlier claim that 110 farmers were killed by suspected Boko Haram insurgents in Zabarmari community, Borno State. PREMIUM TIMES had published a report on Saturday quoting officials of the Borno State government saying at least 43 farmers lost their lives in an attack by insurgents on a rice field. On Sunday, the […]
The former vice president and the presidential candidate of the PDP in the last general election, Atiku Abubakar Sunday prescribed how Nigeria can exit its second recession The former vice president proposed a 15 percent tax on those he described as super rich and luxurious items. In a statement he signed Atiku said, “We cannot […]
•It will be shortlived —Professor Uwalek As expected, National Bureau of Statistics (NBS) on Saturday confirmed that Nigeria entered recession in the third quarter of 2020, after two consecutive quarters of negative growth. According to the NBS, economic performance during the quarter reflected residual effects of the restrictions to movement and economic activity implemented across […]
Delta State Governor, Ifeanyi Okowa, is asking why states in the Niger Delta have not been allowed to have control of their oil and gas resources just as Zamfara State has been left alone to enjoy its gold deposit. Okowa, who spoke at his quarterly media interaction in Asaba, the state capital, said that South-South […]
Nigerians are about to witness another fuel scarcity as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) have ordered their members to commence an indefinite nationwide strike with effect from yesterday. The decision of the unions to embark the industrial action followed the […]
There are indications that the confectionery industry is currently enjoying a boom as bulk wheat is topping the import chart in Lagos with a total of 316,470 metric tons of the commodity set to arrive the country this month compared to 204,751metric tons in the month of September. Import information from the Nigerian Ports Authority’s […]
Dr Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), on Tuesday said research was critical for growth and development of Nigeria’s capital market. Yuguda said this at a virtual symposium organised by the Nigerian Capital Market Institute (NCMI) and the Capital Market Academics of Nigeria (CMAN) in Abuja. He said research was […]
The International Monetary Fund (IMF) has predicted that Nigeria’s Gross Domestic Product (GDP) will contract by 4.3 per cent, which indicates an improvement compared with a negative GDP projection of 5.4 per cent it had predicted in its previous report in June. This is coming as the federal government has stated that it is not […]
Minister of State for Petroleum, Timipre Sylva, has dismissed media reports that the new draft Petroleum Industry Bill (PIB) sent to the National Assembly recommended scrapping of the NNPC. Sylva allayed the fears while fielding questions from journalists at the National Assembly on Monday after an interactive session with the leadership of the Assembly. The […]
The Central Bank of Nigeria (CBN) has approved a merchant banking licence for Greenwich Trust Limited, expanding the scope of operations of the investment banking group. The new entity will now be known as Greenwich Merchant Bank Limited. According to the company, the licence allows Greenwich Merchant Bank to upscale and offer such diverse services […]