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MTN has reported that MTN Nigeria’s organic revenue was down 6 per cent year-on-year (YoY) due to uncompetitive pricing arising from the suspension of regulatory services and regulatory restrictions that obliged operators to seek permission from customers...

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Nigeria’s govt distributable revenues down to $1.42 billion in April due to oil :Minister

Nigeria’s distributable revenues to the three tiers of government fell in April to 281.5 billion naira ($1.42 billion), down 18.25 billion naira from March due to low oil prices, the West African country’s finance minister said on Wednesday. The fall in revenue was caused by the “drop in the average price of crude oil,” Finance Minister Kemi Adeosun told journalists. “A...

Nigeria Needs Prices That Work

Nigeria took a step toward economic sanity Tuesday by announcing plans to let its currency weaken. Africa’s largest economy is facing recession, and exchange-rate flexibility will help it cope. For best effect, those plans should also include junking the foreign-exchange controls that have blighted...

Delay in 2016 Budget Signing caused Distortions in Nigeria’s Economy, Central Bank Governor Says

Policy makers left key lending rate unchanged at 12% Nigeria’s economy will probably slip into a recession after a four-month delay in the nation’s budget stalled economic stimulus programs, central bank Governor Godwin Emefiele said. A “recession, which...

Nigeria Heading to a Full Blown Economic Crisis. – American Magazine Report

An American Business magazine, Business Insider has reported that Nigeria’s current economic policies have hindered the economy from growing, noting that the country is heading to a full blown economic crisis. According to the report, the recession was due to lower...

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Medical benefits of Tomatoes

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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...

by Halimatu Muhammadu

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

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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 damaged by the insect Tuta absoluta, making prices skyrocket and severely limiting availability. Making jollof rice,...

It’s healthy to let your baby cry himself to sleep, study finds

Baby crying Many new parents long for a full night of glorious, uninterrupted sleep yet shudder at the thought of letting their baby “cry it out,” the sleep training method in which parents allow babies to cry themselves...

FCMB offsets medical bills of 400 Nigerians infected with eye diseases

First City Monument Bank (FCMB), has said it is set to offset the medical bills of over 400 Nigerians affected by cataract and other eye diseases, nationwide. According to a release by the bank, “By way of medical examinations, eye surgeries,...

Africa’s yellow fever outbreaks spurs need action, mass vaccination – WHO

Staff members of the Teaching Hospital receive the first vaccination treatment for yellow fever in El Geneina, West Darfur in this November 14, 2012 handout. REUTERS/Albert Gonzalez Farran/UNAMID/Handout Outbreaks of deadly yellow fever...

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We are ready for Edo, Ondo elections — INEC

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The Independent National Election Commission (INEC) has declared its readiness for the conduct of governorship elections in Edo and Ondo states. The INEC stated its readiness through a National Commissioner...

Electoral officers are our weakest link – INEC boss

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Chairman, Independent National Election (INEC), Mahmood Yakubu, has described electoral officers as the weakest link in the Commission’s preparations for elections. Yakubu, represented by Amina Zakari,...

Omisore demands N500m from EFCC damages for defamation

A former Deputy Governor of Osun State, Senator Iyiola Omisore, has written the Economic and Financial Crimes Commission demanding damages of N500m from the commission and the retraction of a publication...

EFCC’s decision to declare me wanted was born out of vendetta – Omisore

Iyiola Omisore, former Chairman of the Senate Committee on Appropriation, has hit back at the Economic and Financial Crimes Commission (EFCC), describing it as a tool being used against the opposition...

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...