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IMF projects Nigeria’s economy to reach $1.85 trillion by 2029
By Innocent Raphael The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow to at least $1.85 trillion in purchasing power parity (PPP) terms by 2029. PPP is a metric used to compare the value of different currencies and their ability to buy the same goods and services, thereby assessing economic productivity and living standards across countries. According…
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PDP calls for investigation of former Kaduna Gov Nasir el-Rufai
By Innocent Raphael The Peoples Democratic Party (PDP) in Kaduna has urged Governor Uba Sani to involve anti-corruption agencies in investigating and prosecuting his predecessor, Nasir el-Rufai. This call follows the recommendations of an ad hoc committee of the Kaduna House of Assembly, which has accused el-Rufai of financial misconduct during his administration from 2015 to 2023. The committee’s report,…
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Utomi calls for reforms in Nigeria’s minimum wage negotiation
By Innocent Raphael Renowned political economist, Prof. Pat Utomi has urged Organised Labour and the Federal Government to seize the opportunity presented by the new minimum wage negotiation to steer Nigeria towards greater thrift and production by adopting a suitable reform to settle their difference. Speaking on the need for reform, Utomi called on Labour to demand a significant reduction…
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Gov Otti condoles Nigeria Army over recent killing, calls for thorough investigation
By Innocent Raphael Abia State Governor, Dr Alex Otti, while calling for proper investigations over the recent incident in the state, has continued his morale-boosting efforts with a visit to the men of the Nigeria Army’s 144 Battalion in Osisioma, Abayi, near Aba This visit follows a similar engagement last Saturday at the 144 Battalion Asa, where he expressed his…
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Tinubu inaugurates 5.4km Southern Parkway road in Abuja
Kunle Sanni President Bola Tinubu on Tuesday inaugurated the 5.4km Southern Parkway, in the Federal Capital Territory (FCT). The inauguration was attended by the Secretary to the Government for the Federation, George Akume, and the Chief of Staff to the President Femi Gbajabiamila. The southern parkway stretches from the Christian Centre to Ring Road One and is considered one of…
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Nigeria’s GDP declines to 2.98% in Q1 2024, says NBS
Nigeria’s Gross Domestic Product (GDP) growth declined to 2.98per cent, lower than the rate recorded in the fourth quarter of 2023 which was 3.46 per cent, according to the latest report from the National Bureau of Statistics (NBS) released on Friday. However, the GDP growth rate in the quarter is higher than the figure recorded in the corresponding quarter of…
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Peter Obi lacks the competence to govern Nigeria, says Soyinka
Nobel laureate, Prof. Wole Soyinka has outlined why Peter Obi, the presidential candidate of the Labour Party in the 2023 election, should not run in the next election. Soyinka attacked Obi and his group in a recent interview with Noble Nigeria, saying that their actions during the previous election showed that they could not lead Nigeria. Additionally, Soyinka charged Obi…
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Tinubu in support of local government autonomy, says SGF Akume
PresidentBola Ahmed Tinubu favours local governments’ autonomy, Secretary to the Government of the Federation (SGF), Senator George Akume said Thursday. He stated that the Federal Government will make every effort to implement this plan. Akume spoke at a press conference to announce the start of ministerial briefings ahead of the Tinubu Administration’s first anniversary on May 29. According to the…
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Helicopter carrying Iran’s President suffers ‘hard landing’
A helicopter carrying Iranian President Ebrahim Raisi has suffered a “hard landing”, state television reported, saying more details will follow soon as search operations are under way for the helicopter. Iranian state media said the incident occurred on Sunday near Jolfa in Iran’s East Azerbaijan province. A day earlier, Raisi was in neighbouring Azerbaijan to inaugurate a dam alongside President…
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IMF asks FG to eliminate fuel, electricity subsidies after tackling inflation
By Innocent Raphael The International Monetary Fund (IMF) has called on the Nigerian government to phase out fuel and electricity subsidies once the country’s surging inflation is under control. This recommendation came in the wake of Nigeria’s inflation rate hitting 33.20 percent in March 2024, up from 31.70 percent in February, exacerbating the economic challenges faced by its citizens. In…
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