Discovery: 240,000 illegal consumers in Power Disco Network

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In the last 3years, Nigeria loans more than in the last 30years

At current levels of over N25 trillion, it means that Nigeria has borrowed in three years more than it borrowed in 30 years previously, and the country to remain peaceful and get the economy working better, it must return to the basics of federalism, as the foundation of her national enterprise. A former Chief Executive[...]

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IMF warns against mistakes that would spell doom for fragile Nigerian Economy

The International Monetary Fund (IMF) says Nigeria cannot afford to make any errors in policy formulation because economic growth is fragile. The Bretton Wood institution made this known in its October 2019 World Economic Outlook report. “Growth in low-income developing countries remains robust, though growth performance is more heterogenous within this group. Robust growth is[...]

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First Female Airforce Pilot is Decorated

The Nigerian Air Force has decorated Kafayat Sanni and Tolulope Arotile as the first female fighter pilot and first female helicopter pilot, respectively. The two flying officers who just completed their training courses in the US and South Africa, were among the 13 officers decorated at a ceremony on Tuesday. Speaking at the event, Sadique[...]

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Food Price increases Inflation to 11.24%

The consumer price index, that measures the rate at which the prices of goods and services in increase, stood at 11.24% in September. This is a 0.22 percentage point increase from the 11.02% recorded in August. All the indices that measure inflation recorded an increase. “The urban inflation rate increased by 11.78 percent (year-on-year) in[...]

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“Impeach the Pres” the final words of a Trump Tweet, Here’s Why

On Tuesday morning, President Donald Trump tweeted a criticism of Hunter Biden's "Good Morning America" appearance, endorsed the reelection of Gov. Matt Bevin of Kentucky, and suggested we "Impeach the Pres." Could it be the impeachment inquiry is getting to him? "Just out: MEDIAN HOUSEHOLD INCOME IS AT THE HIGHEST POINT EVER, EVER, EVER! How[...]

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Scotland vows 2020 Independence Vote, tired of Brexit Drama

Scotland must hold another independence referendum in 2020 and will soon request the powers needed to hold it legally, Scottish National Party (SNP) leader Nicola Sturgeon said on Tuesday. Scots rejected independence in a referendum in 2014 but the SNP says that Britain’s vote to leave the European Union fundamentally changes its constitutional arrangements and[...]

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Access Banks reaches N1billion in daily lending online

Access Bank Plc. has hit one billion naira daily in loan value through its expanded digital lending portfolio. Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, stated this in Lagos on Tuesday. Etuokwu said its expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, had[...]

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Discovery: 240,000 illegal consumers in Power Disco Network

The Abuja electricity distribution company (Disco) which distributes electricity to the Federal Capital Territory (FCT), Kogi, Nasarawa and parts of Niger states has reported that up to 240,000 people are illegally connected to its network, and consuming electricity unlawfully. The Disco also disclosed that in nine of the 32 areas of its network, where it[...]

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Labour refires minimum wage talks to get Results in time for Christmas Chicken

Despite the delay in negotiation of consequential adjustment, the take-off date for the implementation of the new minimum wage is April 18, 2019 when President Muhammadu Buhari signed the bill into law, the Minister of Labour and Employment, Chris Ngige, has promised. Speaking ahead of resumption of discussion today in Abuja, the minister hinted that[...]

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Investment Inflow in Third Quarter is Over $9billion – FG

Over $9.29 billion worth investments came into the nation’s economy in quarter three (Q3) of 2019, according to the Nigerian Investment Promotion Commission (NIPC’s) July to September, 2019, Newsletter. Broken down, NIPC said a total of 13 projects across four states and offshore Nigeria were announced by investors from four countries. The investments however, fall[...]

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Will the Nigerian Economy Survive the Boarder Closure? Details

Stakeholders yesterday warned the Federal Government that the complete closure of the nation’s land borders portends danger to the economy. The caution came after yesterday’s announcement by Comptroller-General, Nigeria Customs Service (NCS) Hameed Ali that all categories of goods would no longer be allowed to pass through the borders. At a joint news conference with[...]

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Why iPhone 11 lacks innovation but makes Sales

iPhone 11 Pro and 11 Pro Max are Apple's newest phones, and both tout a triple-camera setup. But this is not new. In fact, it’s one of the last smartphone manufacturers to include a wide-angle lens on its phones. LG added a wide-angle lens to its G5 and V20 phones in 2016, and Samsung introduced[...]

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Analysts : “Trade truce or Trade deal”

U.S. President Donald Trump has called the phase one trade deal with China “very substantial” — but analysts say it appears to be more of a “temporary truce” than a real deal. They say it doesn’t sufficiently touch on the thorny issues plaguing both sides, and warn that negotiations could break down again before the[...]

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Investment Veteran Ken Fisher looses over $500mil for making Sexist Statement

The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit[...]

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Last Days of Talks for Brexit Deal, what next?

The U.K. and EU are gearing up for what could be the busiest week in British politics since the referendum in June 2016, as both sides try to thrash out a last-minute deal. It’s been over three years since a majority of the U.K. voted to leave the EU but a withdrawal agreement has proved[...]

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Tinubu Opens Presidential Campaign Office

A presidential campaign office bearing the names and photographs of Bola Ahmed Tinubu has been opened in Osun state, rekindling rumours of Tinubu’s intention to run in 2023. Tinubu, a National Leader of the All Progressives Congress (APC) had long denied any intentions to run for the 2023 presidency. However, the office opened to pursue[...]

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Lagos Assembly to arrest Ambode and his Commissioners, Here’s Why

The Lagos State House of Assembly on Thursday threatened to issue a warrant of arrest on the former Governor of the State, Akinwunmi Ambode and four others who served under the ex-governor as commissioners. The decision followed two preliminary reports presented by two different ad-hoc committees set up by the House to investigate the 820[...]

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Super Eagles draw friendly match with Brazil

The Super Eagles of Nigeria drewn 1-1 against Brazil in an international friendly in Singapore on Sunday afternoon. Joe Aribo scored in the 34th minute to put the Super Eagles in front. Brazil leveled shortly after the interval when Real Madrid midfielder Casemiro tapped home a rebound after Maquinhos had headed off the woodwork, following[...]

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