2021: Capital Investments In Nigeria Surges by 97.73%

The National Bureau of Statistics has confirmed that capital imported into Nigeria surged by 97.73% in the closing quarter of 2021. The value stood out at $1.73 billion, edging out the $875.62 million recorded in the preceding quarter. The body published a report that revealed the 97,73 percent increase. However, comparison with the last quarter…

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Ezekwesili, Utomi. Odinkalu, To Handle Soludo’s Transition Committee

Prof. Chukwuma Soludo, the Anambra State Governor-elect has released a list of his 80-member transition committee, placing former Nigerian minister, Oby Ezekwesili, as the Chairman.Soludo’s media aide, Joe Anatume, in a statement issued on Thursday, said the transition committee is comprised of highflying Nigerians who are coming on board to play different rolesAccording to him,…

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Twitter: Implications of the Lifted Twitter Ban in Nigeria

Effective today, President Buhari has lifted the 222-day-old ban on Twitter in Nigeria, maintaining that the lift was a result of Twitter’s willingness to run its activities in cooperation with the Federal Government. The President’s approval was given, following a memo written to him by the Honourable Minister of Communications and Digital Economy, Prof Isa…

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Ex-Oyo State Governor, Alao Akala, dies at 71

Otunba Christopher Adebayo Alao-Akala, a former governor of Oyo State, died this Wednesday 12th January, 2022 in Ogbomoso, Oyo State.He was 71 years old. He was a former police officer and between 2003 and 2006 he was the deputy governor under Gov. Rashidi Ladoja. who was impeached. There after, Alao-Akala became the acting governor for…

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World Bank Projects 2.5% Economic Growth For Nigeria

The World Bank in a report released on the 11th of January, 2022 estimated a 2.5 percent economic growth in Nigeria for the year 2022, 0.1 percent higher than the projection for 2021. The report was titled ‘Global Economic Prospects’; in the report, the World Bank stated that the elevated commodity prices are anticipated to…

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ECOWAS Shuts Land, Air Borders With Mali To Push For Speedy Return To Democracy

West African countries under ECOWAS last Sunday decided to close borders with Mali, besides imposing sweeping economic sanctions in response to what it calls ‘unacceptable delays’ in holding promised elections after a 2020 military coup. The decision followed a summit of leaders of the bloc called to discuss a proposal from Mali’s transitional authorities to hold elections in December 2025 instead…

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