Oil still accounts for 40% GDP, 80% foreign exchange, FG
DESPITE calls for diversification of the nation’s economy, the federal government has revealed that the economy is still heavily dependent on oil as it currently accounts for about 40 percent of its Gross Domestic Product (GDP) and well over 80 percent of Nigeria’s foreign exchange earnings.
Mimiko, Fayose receive 5000 PDP members into LP in Akure
The rank of the Peoples Democratic Party (PDP) in Ondo State reduced further on Monday as over Five Thousand members of the Party it for the ruling Labour Party citing lack of internal cohesion and the leadership qualities of the State Governor, Dr Olusegun Mimiko as the reason for their action.
Panic as explosion rocks Yenagoa
A powerful explosion rocked Yenagoa, the Bayelsa State capital, Sunday night, causing fresh panic among residents.
Oshiomhole justifies IBB’s presence at Edo rally
Governor of Edo State, Mr. Adams Oshiomhole, came out strongly, weekend, to defend his invitation of former military president, General Ibrahim Babangida (rtd), to the “One Man One Vote†rally, stressing that it was high time Nigerians did away with politics of exclusion.
Oni, Mimiko mourn T.M. Aluko
The Governor of Ekiti State, Mr. Olusegun Oni, has described the demise of Nigeria’s oldest writer, Timothy Mofolorunso Aluko, 92, as the fall of the grand oak in the forest of Nigeria’s literary icons, saying his death was a great loss to the nation.
Warri businessman disowns kids
Chief Smooth through his counsel had in an amended petition for the customary law marriage, claimed for the dissolution of the customary law marriage the petitioner contracted with the respondent sometime in the year 1984 at Okerenkoko in Warri South-West Area of Delta State . A declaration that the petitioner is not the biological father of the twin babies given birth to by the respondent sometime in the month of January, 2010
