NewsReports

• Algeria to push Nigeria to fifth position on nominal output• GDP returns to 2007 level, closer to $1tr mark about 15 years ago than now• Country faces potential reclassification as low-income economy• CBN at crossroads over inflation, FX speculation, interest rate adjustment• Cardoso holds his first MPC meeting Nigeria would need to achieve accelerated growth and a firmer currency to …

• Falana seeks protection for protesters, says NLC’s action not contempt of court• Shun protest, Nigeria going through ‘surgical’ solution, Afenifere begs Nigerians Ahead of the planned nationwide protest by the Nigeria Labour Congress (NLC) tomorrow, 65 Civil Society Organisations (CSOs) have joined the Trade Union Congress of Nigeria (TUC) to pull out from the two-day demonstration, saying the protest might stir …

By Eben Enasco ECOSMART Consortium, says a major portion of Nigeria’s energy demand, food security, and environmental enhancement is likely to be fulfilled sooner through an extensive supply of renewable power to remote areas across the country. This follows the advancement of an Anaerobic Digestion (AD), based low-cost solar power mini-grid plant in Jos, the capital of Plateau State. The …

The Lagos State Commissioner of Police, CP Adegoke Fayoade, has warned the Nigeria Labour Congress (NLC) that no form of breakdown of law and order during its planned protest on Tuesday and Wednesday will be tolerated in the state. Fayoade gave the warning on Sunday in a statement issued by the Lagos State Police Public Relations Officer, SP Benjamin Hundeyin. …

Former President Olusegun Obasanjo said over 80 per cent of Nigeria’s crude oil were stolen. Obasanjo stated this in Abuja at the launching of a book titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar. According to the former president, one of the reasons why Nigeria’s economy is in ruins is …

WASHINGTON — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply …

The withdrawal of the three-member states could result in the halt or the suspension of all ECOWAS projects and programmes worth more than $500 million,” a communique issued at the end of Saturday’s extraordinary summit said. West Africa’s regional bloc, ECOWAS, on Saturday, said that the exit of three of its members would cost the region a lot including projects …

Mexico City – CNN — Alejandro Gomez has been without proper running water for more than three months. Sometimes it comes on for an hour or two, but only a small trickle, barely enough to fill a couple of buckets. Then nothing for many days. Gomez, who lives in Mexico City’s Tlalpan district, doesn’t have a big storage tank so can’t get water truck …

A pan-Yoruba socio-political organisation, Afenifere has begged the Yoruba people not to participate in the protests breaking out from some parts of the country over the current economic hardship. Reuben Fasoranti The Yoruba people are indigenes of the six southwestern states of the country which include Osun, Ogun, Ondo, Lagos, Ekiti and Oyo. Although, residents of the Yoruba-identified states and …

Donald Trump is one step closer to the Republican presidential nomination after a massive win over Nikki Haley in South Carolina. The former president won his primary opponent’s home state by a 20-point margin, his fourth consecutive victory. As he celebrated, Mr Trump made no mention of Ms Haley, who vowed to stay in the race. Instead he set his …