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Only diversification’ll rescue Nigeria’s economy from recession- Analyst

Only diversification’ll rescue Nigeria’s economy from recession- Analyst

Diversification. Nigeria must look to agriculture, tourism and manufacturing to get out of these shackles. You know where this country used to be. It can still get there. However, in the meantime, CBN should allow the Naira to free flow so it can finally find equilibrium. I am not talking devaluation, because that is a very delicate one. This administration could have done that when it just came in. Right now, President Muhammadu Buhari might not want to do it because the common man will suffer more, Nigeria being import-dependent.

Black box recovered from EgyptAir crash site

Black box recovered from EgyptAir crash site

A search team on Thursday recovered the cockpit voice recorder from the EgyptAir plane that crashed into the Mediterranean last month, in a major step towards establishing the cause of the tragedy.

Five states meet conditions to access FG’s N90bn loan

Five states meet conditions to access FG’s N90bn loan

At least, 5 states are now ready to access the Federal Government’s N90 billion budget support loan facility for States, the Federal government said yesterday.

The loan announced by the Minister of Finance, Mrs Kemi Adeosun on Tuesday was to assist the states to pay workers salaries and take care of statutory obligations of the states.

Kogi : Court stops 5-man House from conducting legislative duties

Kogi : Court stops 5-man House from conducting legislative duties

The Federal High Court in Abuja, on Thursday, restrained the warring factions in the Kogi State House of Assembly from conducting legislative duties, pending determination of an application challenging the judgment that voided the impeachment of the Speaker and other principal officers.

700 Boko Haram members surrender

700 Boko Haram members surrender

The Director of Defence Information, Brig.-Gen. Rabe Abubakar, has said that more 700 repentant Boko Haram insurgents in the North-East have surrendered to the military.

Ambode hails civil servants, as 555 get award

Ambode hails civil servants, as 555 get award

Governor Akinwunmi Ambode of Lagos State, Thursday, presented long service merit awards to 555 public servants who had distinguished themselves over the years, just as he restated his commitment to the welfare of workers in the State.

New militant group threatens to blow up Utorogun gas plant

New militant group threatens to blow up Utorogun gas plant

secessionist group, Utorogun Liberation Movement, ULM, surfaced, Thursday, in Delta State, vowing to destroy the Utorogun Gas Plant, Ughelli, which supplies gas to Egbin Power Station, Lagos, and other facilities under Oil Mining Lease, OML 34 in Ughelli South Local Government Area of the state.