Category Archives: Nigeria Economy

AKSU’s ASUU suspends strike after two days

The Akwa Ibom State University (AKSU) chapter of the Academic Staff Union of Universities (ASUU) has conditionally suspended its strike. On Sunday, the varsity’s lecturers ceased academic activities over the institution’s percentage-based payment of salaries for 11 months. They also demanded better conditions of service. According to PUNCH, Ime Okop, a representative of the union, on Tuesday, said the union’s

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Banditry: unknown gunmen ‘kill PDP leader in Niger, abduct his three daughters’

Gunmen, suspected to be bandits, have killed a man identified as Ahmodu Mohammed, said to be a chairman of the Peoples Democratic Party (PDP) in Kampala ward, Bosso local government area of Niger state. Three daughters of the deceased were also reportedly kidnapped by the gunmen. Mohammed was said to have been killed on Thursday when the attackers, said to

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I did NOT call for a coup — Kukah

Matthew Kukah, bishop of Sokoto Catholic diocese, says he only expressed his personal view “based on evidence” and did not call for a coup in his criticism of President Muhammadu Buhari. While accusing Buhari of nepotism in his Christmas message on Friday, the priest said there could have been a coup if a non-northern Muslim commander-in-chief does a fraction of

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‘Nigeria not becoming a failed state’ — APC rejects the claim by the Financial Times

The All Progressives Congress (APC) has rejected the position of Financial Times that Nigeria is becoming a failed country under President Muhammadu Buhari. In a statement on Sunday, the party said contrary to the claim, the Buhari administration is “visibly and frontally” addressing Nigeria’s current challenges. In an editorial on Tuesday, Financial Times had said “Nigeria will become a problem

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We are tired and frustrated – Fayemi on rising insecurity

Kayode Fayemi, governor of Ekiti state, says Nigerian Governors are tired and frustrated of the issues of banditry and kidnapping currently facing the country. Chairman of the Nigerian Governors Forum (NGF), Governor Fayemi, spoke on Tuesday when he led three governors on a solidarity visit to Aminu Masari, governor of Katsina, over the abduction students of Government Science Secondary School,

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Makinde is not PDP leader in South-West –Fayose

A former governor of Ekiti State, Mr Ayodele Fayose, has said Oyo State Governor, Seyi Makinde, is not the leader of the Peoples Democratic Party in the South-west. He noted that leadership should be earned and not for anyone as a title. Fayose added that an ex-Ondo State Information Commissioner, Dr Eddy Olafeso, should be the next PDP National Vice

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FG can’t sack workers even when refineries aren’t working —Sylva

Minister of State for Petroleum Resources, Timipre Sylva, has announced that the Federal Government is preserving the workforce at the nation’s four refineries for use when the refineries are finally fixed. Though the refineries have not been in operational conditions for a few years, the Minister says that laying off staff is not an option because it is no fault

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BREAKING NEWS: Nigerian economy enters recession

The Nigerian economy has slipped into its second recession in five years as the gross domestic product contracted for the second consecutive quarter in 2020. The National Bureau of Statistics (NBS) on Saturday disclosed that Nigeria’s GDP growth was negative by 3.62 per cent in the third quarter of 2020. Recall that the country recorded a 6.10 per cent contraction

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ASUU: We have met all the demands – Minister

The Minister of State for Education, Emeka Nwajiuba, says the Federal Government has fulfiled all its promises to the Union and that there is ‘absolutely nothing’ stopping lecturers from returning to the classrooms ‘tomorrow’. The Minister says the Federal Government has done all that needed to be done do for the striking lecturers to return to the classrooms. the minister

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[VIDEO] We don’t have money to pay for road construction – Fashola

The Minister for Works & Housing and former Governor of Lagos State, Babatunde Raji Fashola (SAN) has told the senate committee on works that the Federal Government does not have the funds to pay ongoing roads construction projects all over the country. Senators Orji Kalu and Gabriel Suswan had asked questions regarding key road projects across the country. Fashola made

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