Nigeria news today headlines : Wednesday 12th February 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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Nigerians Now Know PDP Is The Best Political Party – Baraje
Alhaji Abubakar Kawu Baraje, a former acting National Chairman of the Peoples Democratic Party (PDP), in this interview with journalists, speaks on latest development in the polity especially on the insecurity challenges, Amotekun and other sundry issues. TEMIDAYO AKINSUYI brings the excerpts: There is this call for rejigging of Nigeria’s security apparatus from the top,
APC Reconciliation Committee: Obaseki Triumphs Over Oshiomhole Again
LAGOS – With the review and reconstituting the Reconciliation committee of the ruling All Progressives Congress (APC) by President Muhammadu Buhari, Governor Godwin Obaseki of Edo state has once again, gained the upper hand in the supremacy battle between him and his predecessor, Comrade Adams Oshiomhole, who is the party’s national chairman. The party’s National
Furore Over INEC’s Deregistration Of 74 Political Parties
LAGOS – Thursday February 6, 2020 came like every other day. But, for 74 political parties in Nigeria, the day ended on a sad note. The Independent National Electoral Commission (INEC) deregistered these 74 parties. Prof. Mahmood Yakubu, the INEC chairman, while announcing the delisting of the political parties at a press conference, said the action
Unemployment May Trigger Next Economic Recession
LAGOS – The rising trend of joblessness with underemployment in the country which has become a threat to the economy is creating fears that it may trigger the next economic recession. The unemployment situation in Nigeria, according to analysts is quite scary enough that if urgent measures are not taken to stem the tide, there
10% Contribution Of Manufacturing To GDP Shows Nation’s Economy Is Primitive – Moghalu
LAGOS – Prof Kingsley Moghalu, former deputy governor of Central Bank of Nigeria (CBN) has stated that the manufacturing sector have not been given the boost it deserves which is why the sector accounts for only 10 percent contribution to Gross Domestic Product (GDP) Moghalu, who made the remark during a media programme in Lagos
Coronavirus: Oil Rebounds Amid Broad Market Recovery
Oil prices rose more than 1% yesterday in sympathy with a rally in equity markets, but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China. Brent crude rose 70 cents, or 1.3%, to $53.97 a barrel by 0428 GMT, retreating from an intraday high of $54.13. U.S. West Texas
Slow Internet, Foreign Hosting Bane Of PoS, ATM Services – Analysts
Over the past few weeks, the fluctuating nature of local internet services has left several subscribers and business owners at their wits end, due to the disruptions to their business operations or their e-commerce activities. Analysts posit that the challenges being experienced by Point of Sale (PoS) and Automated Teller Machine (ATM) users in Nigeria
Amendment Of Public Procurement Act 2007 Will Address Delays – Senator
ABUJA – The Chairman Senate Committee on Public Procurement, Senator Shuaibu Lau, has said the current amendment of the Public Procurement Act 2007 by the National Assembly would address the challenges of avoidable delays and unnecessary cumbersome procurement processes and procedures. Speaking at the opening ceremony of 2020 Annual Public Procurement Retreat for Federal Permanent Secretaries
Re-Capitalisation: African Alliance, Leadway, Universal Insurance Top Industry’s Chart
LAGOS – As insurance companies scramble to raise the required paid-up share capital that would enable them remain afloat beyond the December 31, 2020, recapitalisation deadline set by the National Insurance Commission (NAICOM), available data has revealed the top rated firms in terms of share capital. According to data obtained from the Nigerian Insurers Association (NIA),
CAC 40 Rises In Alert Trade
French stocks were moving higher on Tuesday after U.S. indexes hit record closing highs overnight on the back of robust earnings and signs of strength in the world’s largest economy. An apparent slowdown in the rate of coronavirus infection in mainland China also helped underpin investor sentiment. The benchmark CAC 40 was up 26 points, or
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