When the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) meets today, it will be faced with considering a reduction in interest rates. This is because inflation rate remained within the single digit bracket in F...
Latest news from Nigeria on Nigeriaa2z.com. catch up with A-Z news and information from Africa’s most populous country in West Africa via our teams in Kaduna, Warri, Lagos, Abuja and Kano.
The naira appreciated last Friday, halting a five-day decline, as the Central Bank of Nigeria (CBN) was said to have sold dollars directly to the market outside of its regular currency auctions. The currency of Africa’s biggest oil producer...
In its determination to ensure that its on-going $1.9 billion fertiliser plant in Edo State is of world class standard, the Dangote Group has appointed TATA Consulting Engineering as its management consultants for the project. ...
Nigeria’s inflation rate climbed to 9.5 per cent in February, as a result of a rise in the prices of farm produce, the National Bureau of Statistics (NBS) has said. According to the Consumer Price Index Report for February released by the statist...
The House Committee on Finance has insisted that the Nigerian National Petroleum Corporation, (NNPC) has to pay N142.7 billion into the Consolidated Revenue Fund (CRF) of the federal government, being calculation of surplus from its Internally Generate...
The World Bank has concluded arrangements to commit the sum of $300 million credit to Nigeria, to tackle poverty particularly among the vulnerable. To this end, the Board of the Bank is to give approval for the release of the credit tomorrow for ...
The federal government is carrying out a comprehensive review of tariffs charged on industrial raw materials across all sectors of the Nigerian economy. The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, made this known during the pres...
A female lecturer at the University of Uyo, Dr Ime Udotong, was on Friday night kidnapped by gunmen in front of her resident on Idoro Road in Uyo, an eyewitness said on Saturday.
Udotong, a lecturer in the Department of Biochemistry, was said to be returning home from work when she was blocked and whisked away by the gunmen to an unknown destination.
The eyewitness who preferred anonymity, told the News Agency of Nigeria (NAN) that Udotong works in the same department with her husband, Prof. Ime Udotong.
He said that Udotong, was driving a jeep while her abductors followed her with a salon car and blocked her way when she was close to her house.
``I suspect she was trailed from school to her house because there is no other way her place would have been known by people other than those close to her.
``I noticed that she had observed the car trailing her and she attempted to rush into her compound, when the kidnappers crossed her car and forced her into their own car.
``Immediately they got her into their own car, they zoomed off through a different direction,” the eyewitness said.
NAN gathers that following a distress call, the police arrived at the scene of the incident few minutes after the gunmen had made away with their victim.
The Commissioner of Police in Akwa Ibom, Mr Umar Gwadabe said, ``we have just received the report of the kidnap and we are working on it''. (NAN)
Mrs Sarah Jibrin, Senior Special Assistant to the President on Ethics and Values, on Saturday decried low turnout of voters during the FCT area councils’ elections.
Jibrin stated this in an interview with the News Agency of Nigeria (NAN) in Abuja while monitoring elections in Area 8 polling units.
She stressed the need for active participation of all Nigerians in the electoral process, noting that ``Nigerians should not give up, as things will get better with time''.
``There is low turnout of voters, but it is still midday, since the closing time is 4 p.m. But it is obvious that some Nigerians are not willing to give up.
``Those that endeavour to come out and cast their votes, believe that the system will get better in the course of time,’’ Jibrin said.
She called on all Nigerians, especially the youth, who are the most important segment of every nation to make useful contributions for the development of democracy
Jibrin attributed voters’ apathy in the FCT area councils to the security situation in the country.
She expressed the commitment of her office to embark on massive awareness campaign to educate Nigerians on the need to imbibe good values.
``I will continue to encourage youths to take active part in politics because youths are future stakeholders and agents of national security,'' she said.
Meanwhile, the PDP Chairmanship Candidate of Kuje Area Council, Mr Ishaku Shaban, said that the large turnout of voters during the FCT councils’ polls was as a result of adequate sensitisation of electorate.
Shaban made this known on Saturday in Yenche ward polling station, Kuje, while briefing newsmen on the turnout of people for the election.
According to him, although, the previously conducted elections are free and fair, but there is voter apathy.
He observed that there was rumour that PDP had planned to rig the polls, adding that the rumour was not true.
Shaban said, "we employed one-on-one approach in creating relevant awareness for people to participate in the election and vote for PDP in our community.
"It is my hope that people will turn out in their large numbers to vote in future elections to reduce voter apathy in the country.
He also commended INEC for early preparations for the FCT elections, adding that the INEC efforts contributed to the large turnout of voters in the elections. (NAN)
The management of NIGAZ company has said that River Kolmari, situated between Bauchi and Gombe States border, is capable of producing 10 Megawatts of electricity for the nation. A representative of the firm, Mr Andrey Maslov, said this on Friday ...
Sheikh Musa Ibrahim, the Chief Imam of Dakata Central Mosque, Kano, has enjoined all Muslims in the country to desist from violence as it is against the teaching of Holy Qur’an. Delivering a sermon at the Friday Jumat service in Kano, Ibrahim urg...
The Federal Government has solicited the support of the governors of Anambra and Delta states for the acutalisation of the Second Niger Bridge. The Minister of Works, Mr Mike Onolememen, made the appeal on Friday in Awka and Asaba during separate...