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Nigeria: #BringBackOurGirls Group Arrives North-East for Sambisa Forest Tour

By Ebuka Onyeji Representatives of the BringBackOurGirls Group have arrived the north-east to observe efforts being made by soldiers to free the remaining abducted Chibok schoolgirls. The group will join a federal government delegation for the tour. The government delegation includes the Minister of Information, Lai Mohammed; his counterpart for defence, Mansur Dan-Ali, and the […]

Nigeria: IMF Predicts 0.8 Percent Growth for Nigeria in 2017

The International Monetary Fund (IMF) has predicted a slim rise in Nigeria’s Gross Domestic Product (GDP) to 0.8 per cent in 2017. The IMF stated this in its World Economic Outlook titled: “A Shifting Global Economic Landscape,” released Thursday. It also predicted a 2.3 per cent GDP growth for the country in 2018. More to […]

Nigeria: Naira Stabilises At N497/$ As Hope of Recovery Imminent

The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery. The Nigerian currency, however, strengthened against the Pounds Sterling, but weakened against the Euro at the open or parallel market as it closed at N595 and N517, respectively; from N597 and N515 […]

Nigeria: Suicide Attack Hits University of Maiduguri

At least four people were killed and 15 others injured in a suicide bomb attack on a university campus in northeast Nigeria, police said. The blast happened on Monday at a mosque in the staff quarters area of the University of Maiduguri, and is thought to have been carried out by a teenage girl, a […]

Gambia: Jammeh’s Ploy to Remain in Office Legally Truncated By Supreme Court

By Nicholas Ibekwe The move by outgoing Gambian President Yahya Jammeh to stop the inauguration of the President-elect Adama Barrow suffered a major setback on Monday as the country’s Supreme Court refused to hear the application. Last Thursday, the country’s ruling Alliance for Patriotic Reorientation and Construction, APRC, filed an application for an interlocutory injunction […]

Nigeria: Why We Will Not Shut Unimaid Despite Bomb Explosions – Vice Chancellor

The Vice Chancellor, University of Maiduguri, UNIMAID, Abubakar Njodi, says the university will not close in spite Monday’s bomb blasts by Boko Haram insurgents that killed a professor and at least three others. Mr. Njodi spoke on Monday in Maiduguri, when Lucky Irabor, the Theatre Commander of Operation Lafiya Dole of the Nigerian Army paid […]

Nigeria: Maiduguri University Explosions – ASUU Cancels Press Conference As Buhari Condemns Attack

Photo: Daily Trust Explosion at University of Maiduguri By Muhammad Ahmad The National President of the Academic Union of Universities, ASUU, Abiodun Ogunyemi, has cancelled a press conference scheduled for Kano. The conference was called off due to the death of Kabiru Umar, a professor of veterinary medicine at the University of Maiduguri. Mr. Umar […]

Naira stays low at N497/$1 in black market ▷ NAIJ.COM

The Nigerian Naira on Monday, January 16, has stayed low at the parallel market as dollar scarcity continues. The local currency may be seeing its worst times despite the Central Bank of Nigeria (CBN)’s plan to resume dollar sales to Bureau De Change (BDC) operators this week. According to report, the Naira still exchanges at […]

Nigeria: Maiduguri University Suspends Examinations After Suicide Attacks Kill Four

Photo: Daily Trust Explosion at University of Maiduguri By Abdulkareem Haruna The University of Maiduguri has suspended the ongoing first semester examinations for one day following the suicide bomb attacks that claimed the lives of four persons, including a professor. The Vice-Chancellor of the university, Abubakar Njodi, said exams scheduled for Monday were suspended as […]

Nigerian Govt Amends Charges in $245 Million Fraud Suit Against Total, Chevron

By Agency Report A Federal High Court on Monday in Lagos granted the Federal Government’s application to amend processes in its suit against Total Nigeria Plc over alleged under-declaration of crude oil exports. The plaintiff, FG, had sued Total Nigeria Plc, alleging that it under-declared the volume of crude oil it shipped out of the […]

Nigeria: Niger Delta – Nigeria’s Oil-Rich Powder Keg

By Bello Muhammad A lull in violence in the Niger Delta could soon come to an end, leaders and militants in the oil-rich region have warned. They say they no longer trust President Buhari’s administration to address their grievances Leaders of the oil-rich Niger Delta have warned that the government’s delay in holding talks to […]

In 2016 Iinvestors lost N10trillion to Dollar-Naira crisis |

Investors in the Nigerian stock market lost about N10 trillion in 2016 when adjustments were made for foreign exchange, according to new comparative trading and valuation data provided by the Nigerian Stock Exchange (NSE).The comparative Dollar-Naira data indicated that total market value of the Nigerian stock market dropped by about 37.8 per cent, equivalent to […]

Nigeria: 50 Companies Bid for NNPC’s Boat Supply Contract

At least 50 companies are scrambling to provide sea worthy tug boats on charter time basis for the maritime operational requirements of the Nigerian National Petroleum Corporation (NNPC) in Lagos, Warri and Port Harcourt. The public bid opening for the contract, which held at the NNPC Headquarters Abuja, had in attendance representatives of the bidding […]

Nigeria: Dangote Sets Up Truck Assembly Plant in Lagos

By Francis Iloani Arinze Billionaire Aliko Dangote has embarked on the establishment of a $100 million worth vehicle assembly plant project in Lagos The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group spends huge amount on importation to distribute it’s products both locally and cross African countries. Dangote […]