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Editors Pick

T-Bills: CBN to Borrow N952bn in Three Months

The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn worth of three-month bills, N204.88bn...

Nigeria Losing One Million Barrels of Oil Daily – Osinbajo

Vice-President Yemi Osinbajo says Nigeria has been losing one million barrels of crude oil daily in the last six months due to the activities of pipeline vandals. Osinbajo, who is the head of President Muhammadu Buhari’s economic team, disclosed this while receiving a delegation of...

3050MW Mambilla Hydro Power Project Set to Start

Forty Chinese engineers have visited the site of the 3050 WM Mambilla hydro-power project at Gembu in Taraba State. The high profile visit which took place weekend is preparatory to the take off of the project, official sources told Daily Trust. The visit was undertaken in...

FG: 53% of Under-five Children Die of Malnutrition Annually

...To launch revised national policy on food and Nutrition today ...WHO confirms third polio case The federal government monday painted a rather unflattering picture of the state of nutrition in the country, saying about 53 percent of Nigerian children under the age of five die of malnutrition...

CBN Calls for Calm as PDP Blames Buhari for Recession

...Labour demands wage increase, prompt payment of salary As the economic recession bites harder, spelling acute hardship for Nigerians, the Central Bank of Nigeria (CBN) sunday sought to downplay rising worries over their wellbeing and asked the people to be calm as the economy would...

30 Years After, Movement of Cattle by Rail Resumes

The Nigerian Railways Corporation (NRC) resumed transportation of cattle and rams from the Northern part of the country to south, 30 years after it discontinued haulage of livestock across the two regions. The last time cattle was moved from the North to the South was...