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The event will bring key telecom, media and technology focused international institutions and investors to Lagos TMT Finance (www.TMTfinance.com), the global telecom investment news and events provider, and IHS Towers (www.IHStowers.com), the largest mobile...

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African Economies will Expand Beyond 4.5% Forecast In 2017, AfDB says

  Debt levels, while growing, remain relatively low, lender says Africa is a long way from facing a debt crisis even as commercial lending to the continent soars and Mozambique became the first regional country to miss a payment on a dollar loan this year, according to a senior official at the African Development Bank. Debt levels across the continent’s 54 countries average 17 percent...

Nigerians reacts to CBN’s disclosure on economy’s imminent recession

Mixed reactions have trailed last Tuesday’s open declaration by the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, that the Nigerian economy was on the brink of a recession. Mr. Emefiele said at the end of the monetary policy committee meeting in Abuja that despite the warning...

Full implementation of budget may be difficult says CBN

Abuja – Central Bank of Nigeria (CBN) yesterday said that it will be difficult to implement the budget fully with the delay in the passage of the Appropriation Bill, Naija247news reports This is as the Acting Chairman, Fiscal Responsibility Commission (FRC), Victor...

LCCI rate Nigeria’s economy after 365 days of Buhari’s administration

The Lagos Chamber of Commerce and Industry has commended the efforts made by the Muhammadu Buhari led administration to stabilize the Nigerian Economy despite the challenges it has encountered. In a statement issued, the LCCI rated the Nigerian economy after one year...

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5.7m of Nigeria’s 170m population infected with HIV/AIDS virus. – Ex-African Presidents

A doctor draws blood from a man to check for HIV/AIDS at a mobile testing unit in Ndeeba, a suburb in Uganda's capital Kampala, in this May 16, 2014 file photo.   REUTERS/Edward Echwalu/Files

ABUJA—FORMER African Presidents, under the aegis of Champions for an AIDS-Free Generation in Africa, yesterday said over 3.4 per cent of Nigerians were currently living with the dreaded HIV/AIDS. With...

by Halimatu Muhammadu

Minister calls for increase in Nigeria’s budgetary allocation to HIV and AIDs

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The Nigerian Government has urged African countries to work towards the production of HIV/AIDs drugs locally to reduce the amount of money spent on importation of the drugs. The Minister of Health Prof. Isaac Adewole, represented by the Director of Family Health, Dr. Wapada Balami, made the call while meeting with a delegation from Champion for AID-Free...

Prenatal fruit consumption increases babies’ cognitive development, Study says

Researchers caution the study did not consider the potential side effects of increased natural sugars, such as gestational diabetes and high birth weight. The children of mothers who ate more fruit during pregnancy had better cognitive...

Medical benefits of Tomatoes

A nutrient found in tomatoes could help ease bladder problems in older men, experts believe. They discovered that the chemical lycopene, which gives tomatoes their red colour, could reduce the expansion of the prostate. The gland is wrapped...

‘Tomato crisis’ hits Nigeria, as cost of cooking j ollof rice suddenly become very expensive

Story highlights A moth is destroying tomato plantations in Nigeria The price of a single tomato has gone up to $2 in some markets The disease has been called ‘Tomato Ebola’ by locals Tomato crops in Nigeria are being...

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Nigeria’s democracy is “morontocracy.” — Sowore

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Founder, Sahara Reporters, activist and ex-President, University of Lagos Students’ Union, Mr. Omoyele Sowore, talks about his role in the enthronement of democracy and political struggles with GBENGA...

Jonathan’s handover to President Buhari is Africa’s best Democratic moment – Carrington

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Former United States Ambassador to Nigeria, Walter Carrington, in this interview with BAYO AKINLOYE speaks about his struggle for the enthronement of democracy during Gen. Sani Abacha dictatorship and...

Alleged EFCC Petition To Interrogate Jonathan, A Hoax – Metuh’s Lawyer

Former national publicity secretary of Peoples Democratic Party (PDP), Olisa Metuh, yesterday described as a hoax, the petition asking the Economic and Financial Crimes Commission (EFCC) to invite and...

Obasanjo’s seizure of LG Funds Contributed to Slow Pace of Development in Lagos – Oba of Lagos

The Oba of Lagos, Oba Rilwan Akiolu, on Saturday said that the seizure of Local Government funds by former President Olusegun Obasanjo’s administration contributed to the slow pace of development in...

Fuel price hike: FG to release palliatives soon -Minister

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The Minister of State for Solid Minerals, Alhaji Abubakar Bawa Bwari, has said that the Federal Government would very soon release the palliatives to cushion the effect of the recent increase in the pump...

Oil climbs above $50 on signs of shrinking oversupply

A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. REUTERS/Lucy Nicholson

* U.S. crude stocks fell 4.2 mln barrels in week to May 20 – EIA * Slim hopes for OPEC intervention decision next week * U.S. crude hits 7-month high, heads towards $50 * Militant attack grounds...

FG appoints Muhammed Buba PPPRA chairma

The Federal Government on Wednesday announced the appointment of Alhaji Mohammed Buba as the Chairman of Petroleum Products ‎Pricing Regulatory Agency. Buba, a former Managing Director of Petroleum Products...

Reps urge FG to suspend sale of refineries

The House of Representatives Committee on Privatisation has asked the Federal government to stop the proposed privatisation of the nation’s three refineries with immediate effect. Slated for sale by...