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The development of Nigeria’s housing market is key to growing the economy and the Gross Domestic Product (GDP), Mr. Godwin Emefiele, the governor of Central Bank of Nigeria (CBN), has declared. Emefiele stated this at the 32nd Annual Conference and General Meeting of the African Union for Housing Finance (AUHF) in Abuja.

A former presidential candidate, Prof Pat Utomi, has said that the current economic crisis would have been avoided by the Federal Government if proper policy choices were made.

He pointed out that the crash in oil prices was not enough to have resulted in recession.

The kidnappers, who abducted four landlords around Lekki Gardens Estate, in the Isheri North area of Lagos State, have demanded N300m each to release their victims.

The assailants called family members of their victims on Sunday to make the demand, threatening to harm the landlords if the demand was not met.

Nigeria’s Central Bank (CBN), Mr. Godwin Emefiele, has assured that the nation’s economy would likely come out of recession by the fourth quarter of this year when the result of the various measures put in place by the Federal Government and the monetary authorities becomes manifest.

A graduate of Political Science, Jehu Kwasu, has narrated how he impersonated the Catholic Bishop of Sokoto Diocese, Bishop Matthew Kukah and defrauded prominent Nigerians of millions of naira.

With oil markets hemorrhaging for more than two-and-a-half years amid the worst oil market in arguably a generation, two weeks ago it appeared that Russia and OPEC de facto leader Saudi Arabia, the world’s top two oil producers, could possibly and finally agree on an oil production cap at a planned informal meeting of oil producers to be held on the sidelines of an energy forum in Algiers in a

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Why EFCC Postponed Case Against Tompolo

Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC), has postponed charging an ex-Niger Delta militant kingpin, Government Ekpemupolo, known as Tompolo, with fraud as he remains on the run almost three months after an arrest warrant was issued.

DSS Invasion Of Ekiti Assembly: Lawmakers Demand Apology, Threaten Lawsuit

Members of Ekiti State House of Assembly have demanded an apology from the Department of State Services (DSS) over the March 4, 2016, invasion of the House of Assembly and unlawful detention of a member of the House, representing Efon Constituency, Afolabi Akanni for 18 days.

APC To Fulfil Campaign Promises – Oyegun

The All Progressive Congress (APC) National Chairman, Chief John Oyegun, has said that the party was determined to deliver on its promises to Nigerians.

Brussels Attacks: Buhari Advocates Global Cooperation Against Terrorism

 

Nigerian President, Muhammadu Buhari, has warned that Tuesday’s attacks in Brussels “reinforce the need for greater international cooperation” in fighting militant groups.

Finance: Doubts Over Nigeria's Rate Hike

 

   The Central Bank of Nigeria (CBN) surprised everyone by hiking rates 100 basis points up to 12 percent from 11 percent, on Tuesday, March 22, 2016.

All 14 analysts surveyed by Bloomberg expected the rate to remain unchanged.

DESOPADEC Budget Not In The House – DTHA

By Harris-Okon Emmanuel, Delta

 

CBN Raises Monetary Policy Rate To 12%

 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 12% from 11%.

This is an outcome of its two-day meeting which started on Monday, March 21, 2016, in Abuja, the nation’s capital; the second for the year 2016.

FG Files Charges Against Kuku

 

Bemba, DR Congo Ex-Warlord, Guilty Of War Crimes

Former Congolese rebel leader, Jean-Pierre Bemba, has been found guilty of war crimes in a landmark trial at the International Criminal Court (ICC).

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