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Nigeria’s GDP decelerates in Q2 2019 to 1.94% y/y

GDP

Economic activity in Nigeria’s economy slowed down in the second quarter of the year. Data from the National Bureau of Statistics (NBS) revealed that the country’s GDP slowed to 1.94% y/y from a revised growth rate of 2.10% y/y in Q1 2019.  On a half-year basis, real growth in H1 2019 stood at 2.02% y/y, higher than 1.69% for H1 2018. ...

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Rochas Okorocha, wife, daughter, Obi forfeit properties to EFCC

EFCC

Nigeria’s leading anti-graft agency, the Economic and Financial Crimes Commission (EFCC) on Wednesday, revealed that it has obtained orders for the interim forfeiture of assets traced to a former Imo State Governor, Rochas Okorocha, and his wife. The Head, Enugu Zonal Office of the commission, Usman Imam, made this known in Enugu while briefing reporters on the activities of the ...

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Xenophobia: MTN billboards, others set ablaze as protests rock Abuja

Xenophobia

Xenophobia: Protests rocked Abuja on Wednesday, targeting South African business interests as protesters brought down banners bearing MTN wherever they were seen. Our correspondent who was at the scene at the Federal Housing Junction, Lugbe witnessed how protesters climbed Lona billboard with MTN advert banners and set the banner ablaze. The iron cast billboard was left untouched, but some Police ...

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Akwa Ibom State Government finally okays construction work on Idua road

Akwa Ibom

There was palpable sigh of relief for the contractor handling the 3.3km Idua Road project in Eket, Limbech Development Nigeria Limited, as the Akwa Ibom State Government finally endorsed the quality of work done there. Speaking during an inspection tour of some ongoing road projects in Akwa Ibom South (Eket) Senatorial District, the works Commissioner, Mr. Ephraim Inyangeyen, lauded the ...

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Satellite towns road projects progressing despite paucity of funds – Director

road projects

Mr. Felix Obiora Nwakwo is the director of Satellite Towns Development Agency (STDA) of the Federal Capital Territory Administration (FCTA). In this interview, he said the agency has achieved successes since 2017 when he assumed office by carrying out various road projects despite funding challenge. He also spoke on complaint of delay in completion of Gwagwalada-Dobi-Izom road, among other issues. ...

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ICRC moves to boost power generation

ICRC

Director-General, Infrastructure Concession Regulatory Commission (ICRC) Mr. Chidi Izuwah has said power generation in the country will soon witness a massive boost. A statement issued by the commission in Abuja said Izuwah gave the assurance during a consultative visit by the Managing Director, Mainstream Energy Solutions Limited, Mr. Lamu Audu. Izuwah said a multi-stakeholder collaborative platform would be put in ...

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Bible Society decries unending Apapa gridlock

It was a gathering of the crème de la crème of the Christian fold and notable personalities at the 14th Annual Luncheon and Awards Ceremony of the Bible Society of Nigeria, BSN. The event was held at the Muson Centre, Onikan, Lagos, recently. Nigeria’s former Head of State and patron of the organisation, General Yakubu Gowon (rtd), who spoke at the ...

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Reps to implement laws on housing deficit

Funds

Minority Whip House of Representatives, Gideon Luka has promised to formulate implementable laws to address housing deficit in the country. Luka, who spoke in Abuja at the Archibuild 2019 Exposition with theme: “Driving Nigerian Architecture through Technology’’, said the House would also ensure that the Nigerian Institute of Architects (NIA) was supported and protected. Luka advised the gathering to work ...

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Make Land Available For Federal Fire Service In Sokoto ― Tambuwal

federal fire service

The Sokoto State governor, Aminu Waziri Tambuwal has directed the state Ministry of Lands and Housing to allocate land for the construction of the federal fire service zonal office in Sokoto. The governor issued the directive while inspecting two fire-fighting Vehicles allocated to the office by the federal government. He commended the federal government and ministry of interior for establishing ...

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Onitsha Building collapse: Panel submits reports

Onitsha

The Panel of Inquiry on Collapsed Building in Onitsha has submitted its reports to Governor Willie Obiano, at the Governor’s Lodge, Amawbia. It would be recalled that the ten-man Panel of Inquiry was inaugurated by the Governor on the 3rd of June, 2019, at the Exco Chamber, Awka. The panel was charged to investigate the circumstances surrounding the collapse of ...

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