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Recession: CBN warns as FG records N2.51trn deficit in 6 mths

Recession: CBN warns as FG records N2.51trn deficit in 6 mths

The Central Bank of Nigeria, CBN, yesterday, warned that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the Federal Government in six months and other factors as major threats to a fragile economic recovery.

Oil price hits $50 per barrel

Oil price hits $50 per barrel

Barely a few hours after the Joint OPEC-Non-OPEC Ministerial Monitoring Committee, JMMC, met in St. Petersburg, Russia, for its fourth meeting on July 24, 2017, to review last month’s report as well as the first six months of the Declaration of Cooperation as submitted by the Joint OPEC-Non-OPEC Technical Committee, JTC, crude oil price has risen from $48 to $50 per barrel.

Come to Ahiara and give us justice, Laity pleads with Pope

Come to Ahiara and give us justice, Laity pleads with Pope

EXACTLY two weeks after the 30-day papal ultimatum to all Ahiara Catholic priests to apologise and accept Peter Okpalaeke as their bishop, the 529-member Ahiara Diocese Worldwide Laity Council has written another letter to Pope Francis, praying for justice and protection from a “rapacious predator.”

Delta’ll pass Anti-Grazing Bill —A-G

Delta’ll pass Anti-Grazing Bill —A-G

DELTA State Attorney General and Commissioner for Justice, Mr. Peter Mrakpor, has reaffirmed that the state government in partnership with the state House of Assembly, will pass the Anti-Grazing Bill currently before the state Assembly.

Ambode swears in 57 LG chairs, hails A’Court ruling on waterways

Ambode swears in 57 LG chairs, hails A’Court ruling on waterways

Governor Akinwunmi Ambode of Lagos State, yesterday, expressed excitement at the Appeal Court ruling in Lagos which set aside the judgment of the Federal High Court empowering the Nigerian Inland Waterways Authority, NIWA, to regulate transportation and sand dredging in the State, saying that the development would go a long way to aid the efforts of the State Government in abating flood in the State.

How protests stalled $1.2bn 700mw Zungeru power project — Director

How protests stalled $1.2bn 700mw Zungeru power project — Director

THE Senate was, yesterday, told that delay in payment of compensation and resettlement of host community, which led to blockage of access roads to the main dam site, quarries and borrow pit areas by the villagers around the $1.2 billion Zungeru Hydroelectric Power Project, has stalled the completion date by two years.