Wednesday, 31 August 2016

NigerianEye: “Nigerian economy officially in recession as inflation hits 17.1%” plus 29 more

NigerianEye: “Nigerian economy officially in recession as inflation hits 17.1%” plus 29 more


Nigerian economy officially in recession as inflation hits 17.1%

Posted: 31 Aug 2016 05:09 PM PDT

President Buhari According to latest report released yesterday by the National Bureau of Statistics (NBS), the Nigerian economy is in a recession. Over a month ago, Finance Minister Mrs. Kemi...

PDP calls for Buhari’s immediate resignation

Posted: 31 Aug 2016 05:09 PM PDT

The Peoples Democratic Party on Wednesday railed against President Muhammadu Buhari, accusing his administration of incompetence, and saying he should step down after the nation slipped into economic...

Nigerian pastor challenges witches, wizards all over the world to a contest

Posted: 31 Aug 2016 05:10 PM PDT

Aneighty-three years old Founder of New Covenant Christian Fellowship, NCCF, Nnobi, Anambra State, Apostle Chukwusom Okoli, has thrown a challenge to witches, wizards, occults and spiritualists all...

FG approves more external borrowing in a bid to turn ailing economy around

Posted: 31 Aug 2016 05:10 PM PDT

The Federal Executive Council, FEC yesterday, approved external three-year rolling borrowing plan. According to Minister of Finance, Kemi Adeosun, the borrowing plan, which will be transmitted to...

A monumental tragedy will befall Nigeria if our leader dies in government custody - Shi’ites

Posted: 31 Aug 2016 05:11 PM PDT

The Islamic Movement in Nigeria (IMN), otherwise known as Shi'ites, on Wednesday warned that there will be monumental tragedy if its leader, Sheik Ibrahim Zakzaky, who has since December 2015 been in...

Facebook CEO, Mark Zuckerberg meets Nigerian youths in Lagos

Posted: 31 Aug 2016 04:59 PM PDT

The Founder of Facebook, Mark Zuckerberg, has pledged to use Nigerian languages in offering services on Facebook. Mark Zuckerberg exercising with Nigerian youths on the Lekki/Ikoyi bridge Zuckerberg,...

APGA raises alarm over fake logo

Posted: 31 Aug 2016 04:55 PM PDT

The All Progressives Grand Alliance (APGA) has raised an alarm over what it described as a deliberate plot by the All Progressives Congress (APC) to truncate and discredit the electoral process. In...

Flood kills 21, render 5,300 homeless in Kano

Posted: 31 Aug 2016 04:54 PM PDT

TWENTY-one persons have died and 5,300 rendered homeless in 22 local government areas of Kano State from flood. About 2,017 houses were also destroyed. But authorities of the Kano State Emergency...

Naira exchanges at N420 to dollar

Posted: 31 Aug 2016 05:09 PM PDT

The foreign exchange reserves fell to $25.45 billion on August 29, down to 2.86 per cent from the previous month, Central Bank of Nigeria (CBN) latest data showed yesterday. Dollar reserves stood at...

Calabar-Port Harcourt Coastal rail ready in 2018 - Amaechi

Posted: 31 Aug 2016 04:50 PM PDT

The Minister of Transportation, Mr Rotimi Amaechi, has promised that the Calabar-Port Harcourt Coastal rail line and the Lagos-Kano rail project would be completed before end of 2018. Amaechi spoke...

For any PDP convention to take place, i must co-chair it – Sheriff

Posted: 31 Aug 2016 04:43 PM PDT

Senator Ali Modu Sheriff has insisted that for him to participate in any convention organised by Peoples Democratic Party, he must be a co-chair of the event.  Makarfi made the demand on a day...

There is hunger in the land, listen to our cries - Fayose tells Buhari

Posted: 31 Aug 2016 05:15 PM PDT

Governor Ayodele Fayose of Ekiti State has called on President Muhammadu Buhari to listen to the cries of Nigerians and stop seeing those with different opinion from his as threats to his...

NNPC - ' Niger Delta militants are confused'

Posted: 31 Aug 2016 03:27 PM PDT

Fresh reports suggest that the Federal Government has yet to commence any negotiation with the Niger Delta militants as the Nigerian National Petroleum Corporation has declared that the militants are...

West Ham sign Arbeloa on one-year deal

Posted: 31 Aug 2016 02:02 PM PDT

West Ham have signed Alvaro Arbeloa on a one-year deal after he completed a medical on Wednesday afternoon. The 33-year-old left-back left Real Madrid at the end of his contract in June. Sky...

OFFICIAL: Bournemouth sign Jack Wilshere on loan

Posted: 31 Aug 2016 01:58 PM PDT

England midfielder Jack Wilshere has agreed a season-long loan move to Bournemouth from Arsenal. Gunners boss Arsene Wenger has allowed Wilshere to go in search of first-team football elsewhere as...

Naira appreciates against dollar at interbank market

Posted: 31 Aug 2016 01:26 PM PDT

The naira on Wednesday appreciated against the dollar at the interbank, the News Agency of Nigeria (NAN) reports. The local currency closed at N316.24 to the dollar at the segment from N338.96...

Nigerian economy, not in confusion – Finance Minister declares

Posted: 31 Aug 2016 01:23 PM PDT

The Minister of Finance, Kemi Adeosun, on Wednesday declared that the Nigerian economy is not in confusion. Noting that the Nigeria economy has been heading to recession in the past six years, she...

Governor Wike suspends four commissioners

Posted: 31 Aug 2016 01:20 PM PDT

Governor Nyesom Wike of Rivers on Wednesday suspended four commissioners, Head of Service and Special Adviser on Lands for three months. Special Assistant to the Governor on Electronic Media Simeon...

Stella Oduah’s ex-husband demands late-son's corpse

Posted: 31 Aug 2016 01:17 PM PDT

Lt. Col. Satchie Emmanuel Etoromi (Rtd.), the bereaved father of late Maxwell Etoromi, has pleaded with his ex-wife, Senator Stella Oduah, to give his son's corpse to him for him to be properly...

OFFICIAL: Balotelli completes move from Liverpool to Nice

Posted: 31 Aug 2016 01:15 PM PDT

Mario Balotelli has signed for Ligue 1 side Nice on a free contract. The misfit Italian, who was deemed by Jürgen Klopp to be surplus to requirements, joins on a one-year deal. With the addition...

GDP figures better than IMF estimates - Presidency

Posted: 31 Aug 2016 01:12 PM PDT

The Presidency on Wednesday said that the just released Gross Domestic Products (GDP) figures for the 2016 second quarter by the National Bureau of Statistics (NBS) despite showing temporary decline...

OFFICIAL: Chelsea complete David Luiz signing from PSG

Posted: 31 Aug 2016 01:08 PM PDT

Chelsea have completed the signing of Brazil international David Luiz from Paris Saint-Germain for £38 million (€45m). The 29-year-old returns to Stamford Bridge just two years after leaving...

Borno uncovers 10,000 ghost workers

Posted: 31 Aug 2016 12:54 PM PDT

Governor Kashim Shettima of Borno said the state government had uncovered more than 10, 000 ghost workers out of the 25,000 civil servants in the state's work force. The governor said in a radio...

ASUU threatens nationwide strike

Posted: 31 Aug 2016 12:50 PM PDT

The Academic Staff Union of Nigerian Universities (ASUU) Wednesday threatened to shut down the nation's universities through a nationwide strike if the Federal Government fails to implement the 2009...

Brazil’s Senate impeaches President Dilma Rousseff

Posted: 31 Aug 2016 12:39 PM PDT

Brazil's Senate overwhelmingly in the final phase of her impeachment trial voted on Wednesday to remove President Dilma Rousseff from office on charges of breaking budget laws. President Rousseff A...

President Buhari confirms appointment of Niger Delta Power Holding’s CEO

Posted: 31 Aug 2016 11:35 AM PDT

' President Muhammadu Buhari has approved the appointment of a substantive Managing Director/Chief Executive Officer and two Executive Directors for the Niger Delta Power Holding Company Limited...

Juventus re-sign Cuadrado

Posted: 31 Aug 2016 10:09 AM PDT

Juventus have agreed a deal to re-sign Chelsea winger Juan Cuadrado on loan for the next three seasons. The Italian champions have the option to make the move permanent once the deal comes to an...

OFFICIAL: Elderson Echiejile joins Standard Liege on loan

Posted: 31 Aug 2016 10:04 AM PDT

Nigeria international Elderson Echiejile has agreed a season-long loan move to Belgian topflight outfit Standard Liege. The 28-year-old was moved on to Stade Maurice Dufrasne  to gain more...

Jack Wilshere heads for Bournemouth medical

Posted: 31 Aug 2016 10:02 AM PDT

Jack Wilshere is on his way to Bournemouth for a medical ahead of a season-long move from Arsenal. The England midfielder had been made available for loan after suffering heavily with injury over...

Eliaquim Mangala joins Valencia

Posted: 31 Aug 2016 09:47 AM PDT

Valencia have signed France international Eliaquim Mangala on a season-long loan deal from Manchester City. The 25-year-old arrives as a timely defensive reinforcement for the Liga club following...

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