How Nigeria lost top position in GDP to South Africa
South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions. Based on gross domestic product at the end of 2015 published by the International Monetary Fund, the size of South Africa’s economy is $301 billion at the rand’s current exchange rate, while Nigeria’s GDP is $296 billion. That’s after the rand gained more than 16 percent against the dollar since the start of 2016, and Nigeria’s naira lost more than a third of its value after the central bank removed a currency peg in June.
PDP CRISIS: Peace move hits brick wall
Abuja— Attempt by the Board of Trustees, BoT, of Peoples Democratic Party, PDP, to broker peace between Senator Ali Modu Sheriff, and the National Caretaker Committee of the party met a brick wall, yesterday, as Sheriff insisted that the proposed national convention scheduled for August 17 in Port Harcourt be put off for peace to reign.
CBN’s new policy pushes up investments in fixed income
LAGOS— Money and equity markets have recorded divergent policy outcome arising from upward review of Monetary Policy Rate, MPR, by Central Bank of Nigeria, CBN, as huge cash inflow is recorded in fixed income market, while bonds and equity markets suffer adverse outflows.
Police to mount police stations at Arepo, Ijegemo creeks
Lagos—The Nigeria Police, yesterday, said Police divisions as well as intensive surveillance would be mounted around the Arepo, Ikorodu and Ijegemo camps in Lagos and Ogun States, with a view to dislodging vandals and militants from the creeks.
‘Critics of Aregbesola over WAEC results ignorant of statistics’
Osogbo—The Bureau of Communication and Strategy, Office of the Governor of Osun State yesterday described those calling for the resignation of Governor Rauf Aregbesola over the latest ranking of the state in the West Africa Examination Council, WAEC, as naive and ignorant of statistics.
Agricultural promotion policy will focus on closing demand — Supply gaps
The Minister of of Agriculture & Rural Development, Audu Ogbeh, has said that inability to meet domestic food requirements and inability to export at quality levels required for market success are two major gaps in the country’s agriculture today.
Edo 2016: Militants’re plotting to disrupt poll — State govt
THE Edo State government has raised alarm over alleged plans by some members of the Niger Delta Volunteer Force, NDVF, to infiltrate the state through the waterways ahead of the September 10 governorship election.
OGF maths contest concludes
Our Generation Foundation( A Non Profit Oriented Christian Organization) has held the 5th edition of Mathematics is Simple Competition which involves solving maths problems without the use of calculator at Ambassador College, Ota, Ogun state .
Nnamdi Kanu’s unenviable dilemma
The leader of the Indigenous Peoples of Biafra, IPOB and Director of Radio Biafra, Mazi Nnamdi Kanu, has been languishing in detention since October 14, 2015 when the Directorate of State Services, DSS, arrested him. In spite of court orders for him to be released on bail, the Federal Government has stubbornly held on to him.
Akognon guns for victory against Spain
After losing two games at the Rio 2016 Olympic Games basketball contest, D’Tiger’s player Josh Akognon believes the Nigeria team can breath life into their campaign by beating Spain and hosts Brazil in their next two match.
3 policemen face trial over flogging of 15-year-old girl
ABAKALIKI—Three police officers indicted in the stripping and battering of a 15-year-old Uzoamaka Chukwu in Umunaga Uburu, Ohaozara Local Government Area of Ebonyi State, are currently undergoing orderly room trial.
