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Good Morning! Welcome to Nigeria Bulletin Morning Newsbrief, a short wrap-up of the news to help you start your day.
Nigerian Economy Hits Worst Recession in Almost 3 Decades
The National Bureau of Statistics (NBS) has released the second quarter of 2016 report with Nigerian economy hitting worst recession in almost three decades.
In the Second Quarter of 2016, the nation’s Gross Domestic Product (GDP) declined by-2.06%(year-on year) in real terms. This was lower by 1.70% points from the growth rate of –0.36% recorded in the preceding quarter, and also lower by 4.41% points from the growth rate of 2.35% recorded in the corresponding quarter of 2015.
PDP Demands President Buhari’s Resignation
The Peoples Democratic Party on Wednesday demanded the resignation of President Muhammadu Buhari, accusing his administration of incompetence over slipping nation's economy into recession.
Brazil: President Dilma Rouseff Impeached
Dilma Rouseff, suspended President of Brazil has been impeached. It puts an end to 13 years in power of her left-wing Workers' Party. Rouseff was impeached for manipulating the budget.
Nigeria: $32m Recovered Halliburton Fund Goes Missing
About $32m, which was recovered by the federal government during an out of court settlement of the Halliburton scandal, has been declared missing, Leadership reports. The Economic and Financial Crimes Commission (EFCC), reportedly raised the alarm
Police Take Control of Ondo APC Secretariat
The Ondo state secretariat of the All Progressives Congress (APC) has been taken over by the Police, Daily Sun reports. The secretariat was on Monday literally turned to a shrine as fetish items were mounted on doors and gates
Kuje Riot: Prison Authorities Plan Forensic Tests on Seized Phones
Authorities at the Kuje Prisons in Abuja will carry out forensic tests on phones seized from inmates during a recent riot, an official has stated. According to reports, 25 mobile phones were seized during the riot. The test will allow the author..
Why There Is N600 Increment in Cement Price – Dangote
Dangote Cement Plc, Africa’s largest cement producer, has announced an update on trading activities and its plans to convert some of its power plants to coal powered plants.
According to the firm on Wednesday, sales growth remained strong in Nigeria with volumes up 15% in July and August.
Annular Eclipse: Photos As Experienced Across Nigeria
Here are first photos from the eclipse of the sun as experienced across the country on Thursday, September 1, 2016
Click here for Latest Nigerian News Updates
Nigerian Economy Hits Worst Recession in Almost 3 Decades
The National Bureau of Statistics (NBS) has released the second quarter of 2016 report with Nigerian economy hitting worst recession in almost three decades.
In the Second Quarter of 2016, the nation’s Gross Domestic Product (GDP) declined by-2.06%(year-on year) in real terms. This was lower by 1.70% points from the growth rate of –0.36% recorded in the preceding quarter, and also lower by 4.41% points from the growth rate of 2.35% recorded in the corresponding quarter of 2015.
PDP Demands President Buhari’s Resignation
The Peoples Democratic Party on Wednesday demanded the resignation of President Muhammadu Buhari, accusing his administration of incompetence over slipping nation's economy into recession.
Brazil: President Dilma Rouseff Impeached
Dilma Rouseff, suspended President of Brazil has been impeached. It puts an end to 13 years in power of her left-wing Workers' Party. Rouseff was impeached for manipulating the budget.
Nigeria: $32m Recovered Halliburton Fund Goes Missing
About $32m, which was recovered by the federal government during an out of court settlement of the Halliburton scandal, has been declared missing, Leadership reports. The Economic and Financial Crimes Commission (EFCC), reportedly raised the alarm
Police Take Control of Ondo APC Secretariat
The Ondo state secretariat of the All Progressives Congress (APC) has been taken over by the Police, Daily Sun reports. The secretariat was on Monday literally turned to a shrine as fetish items were mounted on doors and gates
Kuje Riot: Prison Authorities Plan Forensic Tests on Seized Phones
Authorities at the Kuje Prisons in Abuja will carry out forensic tests on phones seized from inmates during a recent riot, an official has stated. According to reports, 25 mobile phones were seized during the riot. The test will allow the author..
Why There Is N600 Increment in Cement Price – Dangote
Dangote Cement Plc, Africa’s largest cement producer, has announced an update on trading activities and its plans to convert some of its power plants to coal powered plants.
According to the firm on Wednesday, sales growth remained strong in Nigeria with volumes up 15% in July and August.
Annular Eclipse: Photos As Experienced Across Nigeria
Here are first photos from the eclipse of the sun as experienced across the country on Thursday, September 1, 2016
Click here for Latest Nigerian News Updates
