Confederation of African Football (CAF) President Ahmad has been banned for five years by FIFA for breaching various codes of ethics. The FIFA vice-president, 60, has been found to have breached codes relating to duty of loyalty, offering and accepting gifts, abuse of position as well as misappropriation of funds, reports the BBC. […]
The Nigerian National Petroleum C o r p o r a t i o n (NNPC) has declared that 80 per cent of the petrol being sold in other West African countries originated from Nigeria. Group Managing Director of NNPC, Mele Kyari, who made this known during a media parley with newsmen at the […]
Economists have continued to speak on contraction of Nigeria’s Gross Domestic Product (GDP) by -3.62 % (yearon- year) in real terms in the third quarter of 2020. National Bureau of Statistics (NBS), in a GDP report for third quarter 2020 released over the weekend, confirmed Nigeria’s economy sliding into recession having experienced two consecutive […]
Despite the advent of Coronavirus (COVID- 19) pandemic and regulatory headwinds, which made the operating environment difficult, Deposit Money Banks (DMBs) in the county still recorded a generally improved performance across key financial metrics, according to the 9M 2020 results so far released by lenders. New Telegraph’s analysis of the 9M 2020 results of […]
As political actors continue with their permutations for the 2023 presidential election, former President Goodluck Jonathan appears to have become the beautiful bride as the two major political parties in the country, All Progressives Congress (APC) and Peoples Democratic Party (PDP), seem to be fighting over who fields him in the forthcoming election. There […]
Leaders of the world’s 20 biggest economies yesterday endorsed a plan to extend a freeze in official debt service payments by the poorest countries to mid-2021 and backed a common approach for dealing with their debt problems. According to Reuters, the Group of 20 leaders, in a joint statement, also strongly encouraged private creditors […]
Onyekachi Eze ABUJ A Former Vice-President Atiku Abubakar has proffered ways on how Nigeria could exit from her second economic recession in four years. Nigerian economy was, again, declared recessed over the weekend. It first contrasted in 2016 and it took nearly a year before it could recover. But Atiku, who was candidate […]
The Peoples Democratic Party (PDP) has blamed the nation’s second economic recession on four years of the All Progressives Congress (APC)-led Federal Government restrictive and antitrade policies. PDP, in a statement by the National Publicity Secretary, Kola Ologbondiyan, noted that foreign exchange controls and monetary policies of President Muhammadu Buhari had impeded growth […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange speculators to have a rethink and stop pushing the naira to forceful depreciation through their illegal activities. Speaking to journalists on market development, ABCON President, Alhaji Aminu Gwadabe, said forex speculators were taking huge risks with their funds, as […]
Commissioner in Ebonyi State, Chief Ukie Ezeali, yesterday said Nigerian president of Igbo extraction in 2023 would fulfill official policy of reconciliation, reconstruction and reintegration which received lip service by previous administrations in the country. That was even as a youth group in Ebonyi State chapter of the PDP, Concerned Ebonyi PDP youths, yesterday […]