Britain’s economy rebounded in January, official data showed Friday, after it narrowly avoided recession in the fourth quarter despite soaring inflation. Gross domestic product grew 0.3 percent, the Office for National Statistics (ONS) said in a statement, as the services sector offset a poor performance by construction and manufacturing. GDP …
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The Nigerian Railway Corporation (NRC) has explained why train service along the Warri-Itakpe corridor has not resumed over six weeks after its suspension. The service was suspended on 22nd January by the Corporation after the train derailed at Km30 Ajaokuta-Itakpe section in Kogi State with 148 passengers and 30 crew …
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The fresh move by some Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback on Tuesday as motorists, fuel stations, retailers, traders, and other categories of bank customers rejected the old currencies. The development came about 48 hours after some commercial banks, particularly Guaranty Trust Bank …
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The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Thursday, said that President Muhammadu Buhari has not acted in breach on the case instituted at the Supreme Court by some state governors over the naira swap deadline. The Malami said as far as the rule of law …
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A total of N1,480,000 was on Wednesday disbursed to 74 petty traders in Delta State by the National Directorate of Employment. The Director-General of the NDE, Mallam Abubakar Fikpo, urged the beneficiaries to pay back the loans within the repayment period to enable others to benefit. Fikpo stated that the …
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Results from the National Bureau of Statistics NBs has reveled that Nigeria’s Gross Domestic Product growth fell to 3.10 per cent in 2022 from 3.40 per cent in 2021 The NBS stated that growth in the agriculture and industry sector of the economy reduced in 2022, while the performance of …
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Judgement on the new naira policy will take place after election as the Supreme Court on Wednesday adjourned ruling till March 3, 2023 With the apex court’s decision, consumers, business groups as well as professional and trade unions will have to wait for weeks hoping for a favorable judgment that …
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The Debt Management Office says the Federal Government Savings Bond has received a total subscription of N45.135 billion between 2017 and 2022. The Director General of the DMO, Patience Oniha disclosed this in Lagos on Tuesday. She said that the savings bond was specifically designed to encourage retail investors who …
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Three States, Kaduna, Kogi and Zamfara States have initiated a contempt proceeding against the Attorney General of the Federation (AGF), Abubakar Malami and Governor of Central Bank of Nigeria(CBN) Godwin Emefiele for their alleged failure to comply with the Supreme Court order extending the deadline for the use of old …
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The Central Bank of Nigeria has threatened to investigate, arrest and prosecute anyone spreading fake news about the naira redesign policy. This threat was contained in a statement on Tuesday jointly signed by the CBN’s Deputy Governor, Corporate Services, Edward Adamu, and Director, Corporate Communications, Osita Nwanisobi. The CBN in …
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OSBC Osun State Broadcasting Corporation