Business

ERA/FoEN kicks against Lagos, IFC new infrastructural deal

By Valentine Amanze

World Bank forecasts 2.2% GDP growth for Nigeria in 2019

Nigeria’s real Gross Domestic Product (GDP) growth will expand by 2.2 per cent in 2019, the World Bank said in its annual Global Economic Prospects published yesterday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018.
The bank also said growth in Sub-Saharan Africa would increase to 3.4 per cent in 2019, due to improved investment in large economies together with continued robust growth in non-resource intensive countries.

Nigerians angry with Buhari over ownership of Etisalat, Keystone Bank

Nigerians are angry with President Muhammadu Buhari for ‘deceiving them with an austere lifestyle while he is a man of immense wealth.’

Their anger is linked to allegations by the opposition’s People’s Democratic Party (PDP) that family members of the president were used to acquire shares in Etisalat and Keystone Bank.

2019 budget is built on a very shaky foundation – Atiku

Former Vice President Atiku Abubakar says the proposed budget of the Muhammadu Buhari administration for 2019 is built on a ‘shaky foundation’.
He said this in a critique titled, ‘My Takeaways from Budget 2019’ obtained by Channels Television on Sunday.
“The proposed budget as presented is fundamentally flawed,” said the presidential candidate of the Peoples Democratic Party (PDP).
“It deliberately ignores and fails to address current realities and pretends, as Mr President asserts, ‘we are on the right direction.”

Excess Crude Account drops from $2.319b to $631m in three weeks

Nigeria’s Ministry of Finance on Wednesday disclosed that the amount in the Excess Crude Account (ECA) has declined from $2.319 billion to $631 million within three weeks.

Permanent Secretary, Ministry of Finance, Mahmoud Dutse while explaining the decline told journalists in Abuja that withdrawals were made by the Federal Government from the ECA to settle the last tranche of the Paris Club Refund.

Edo govt relaunches monthly farmers’ market

… as shoppers get 20% discount on prices of commodities

In a renewed effort to ensure market linkage for farmers in rural communities, the Edo State Government has reopened the monthly market with a charge to women to add value to their farm produce so they can command higher prices.

Commissioner for Women Affairs and Social Development, Hon. Magdalene Ohenhen, made the call at the relaunch of the Edo Monthly Market at Urhokpota Hall, in Oredo Local Government Area of Edo State.

Breaking: Petrol tanker explodes at filling station near Lagos Airport

A petrol tanker has exploded at Forte Oil filling station located very close to the local airport in Lagos State.

Sources from the airport confirmed this to Channels Television on Friday shortly after the incident occurred.

The explosion which occurred when the tanker was discharging its contents has resulted in a massive blaze at the facility.

Channels Television aviation correspondent said officials of the fire services have moved in to contain the inferno.

However, it is yet to be ascertained if there are casualties as a result of the incident.

Dickson warns against shortchanging of Bayelsa in oil and gas deals

...insists on oil firms’ relocation

Governor Seriake Dickson of Bayelsa State has frowned against actions and practices that deprive the state of its interests and benefits in oil and gas deals.

The governor spoke while declaring open the 8th Practical Nigerian Content Forum with the theme: "Driving Economic Development and Sustainability" at the Chief Diepreye Alamieyeseigha Memorial Banquet Hall, Government House in Yenagoa.

Climate Change Conference: Govts under pressure over people’s demand

A global coalition of more than 220 organizations has issued a series of demands to world governments as the United Nations Climate Change Conference (COP24) begins in Katowice, Poland.

Crude oil theft: NSCDC arrests 21 suspects in Bayelsa

The Bayelsa State Command of the Nigeria Security and Civil Defense Corps (NSCDC) has arrested no fewer than 21 suspects in the state in the last three months for their alleged involvement in illegal bunkering, oil theft and pipeline vandalism.

  Mrs. Christiana Abiakam-Omanu, the commandant of the Bayelsa Command of the NSCDC, disclosed this when members of the Executive Committee of the Federated Correspondents’ Chapel of the Nigerian Union of Journalists (NUJ) Bayelsa chapter led by the Chairman, Kola Oredipe, visited her in her office.

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