The nation’s Gross Domestic Product growth fell to 2.74 per cent in 2023 from 3.10 per cent in 2022, according to new GDP report released by the National Bureau of Statistics on Thursday. This represents the slowest growth since 2020 when the economy contracted and entered into a recession by –1.92 per cent due to the COVID-19 pandemic. “On an annual basis, the oil sector growth stood at -2.22 per cent in 2023 compared to -19.22 per cent in 2022. It stated, “This growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent. He warned that there is likely danger ahead if the country failed to boost oil production.

February 23, 2024 02:11 UTC

The communiqué said the N1.45tn total distributable revenue comprised distributable statutory revenue of N463.1bn, distributable Value Added Tax revenue of N391.8bn, Electronic Money Transfer Levy revenue of N15.9bn and exchange difference revenue of N279.03bn. It added that a total revenue of N2.07trn was available in the month of January 2024 while N200bn was kept as savings. The communiqué further stated that from the N1.15tn total distributable revenue, the Federal Government received a total of N407.267bn, state governments received N379.407bn while LGs received N278.041bn. “From the N1,149tntotal distributable revenue, the Federal Government received a total of N407.267bn, the state governments received N379.407bn and the LGs received N278.041bn. “A total sum of N85.101bn (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

February 23, 2024 02:09 UTC

When you reach the first block, you are sweaty and famished and, the aroma from the various food trucks is a sure shot invitation to indulge. We pass the falooda truck, the tender coconut water seller and then a few more steps and we land right in front of Mom’s Paddu Stall. Before starting the paddu stall, Valliamma says, “I was selling bondas and bajjis in Thindlu circle. “That is when I decided to start a food stall again. Apart from paddu, Valliamma also sells mushroom biryani.

February 23, 2024 02:09 UTC

The Kano state government, in its ongoing efforts to provide food assistance to the less privileged during the month of Ramadan, has inaugurated a high-powered committee for the upcoming 2024 Ramadan Feeding Programme (RFP). Deputy Governor, Comrade Aminu Gwarzo, according to a press statement issued by the his spokesperson, Ibrahim Shuaibu, led the inauguration at his office. He emphasized that the program aims to support all residents of the state regardless of political affiliations. Earlier, the Commissioner of Religious Affairs, Ahmad Tijjani Auwal, speaking on behalf of the committee, thanked the state government for entrusting them with this crucial Ramadan feeding task. Auwal also called on philanthropists in the state to support the program, ensuring its success and widespread benefits during the Holy Ramadan month.

February 22, 2024 20:48 UTC

South-east leaders have alleged that there is a conspiracy to alienate Igbos from the affairs of Nigeria. The South-east leaders made the allegation at the end of their emergency meeting in Enugu on Thursday. The leaders hailed Mr Iwuanyanwu on his recent call that Igbos should not join protest against economic hardship, saying his reasons for the call were justifiable. They expressed frustration with the refusal of the federal government to release Nnamdi Kanu, the detained leader of the Indigenous People of Biafra, despite repeated appeals from various Igbo leaders and groups for Mr Kanu’s release. “It is common knowledge that the sit-at-home in the South-east is because of the incarceration of Mazi Nnamdi Kanu.

February 22, 2024 20:25 UTC





Speaking to journalists after a meeting with President Tinubu at the State House, Abuja, Gowon expressed the need for understanding and perseverance amid criticism of the government's performance. General Gowon urged President Tinubu not to be deterred by public scrutiny, citing his own experience of facing criticism during his leadership, notably during the Nigerian Civil War era. Reflecting on his tenure, Gowon noted that effective governance often requires time and perseverance to yield tangible results. ADVERTISEMENTAcknowledging the inevitability of criticism for leaders, Gowon underscored the importance of allowing room for progress and recognising the complexities inherent in governance. He encouraged Nigerians to remain patient and supportive, emphasising that significant challenges cannot be resolved overnight.

February 22, 2024 16:09 UTC

In fact, the use of policy rate increases is leading to an increase in deposit and lending rates without the compensating desired reduction in the inflation rate. The current inflation in Nigeria is more of ‘supply driven’ inflation than a ‘demand driven’ one. The current low level of consumer credit in Nigeria weakens the relationship between aggregate consumption expenditure level and interest rate. To combat rising inflation in such a situation, increasing the interest rate is not the right choice. To satisfy domestic consumption demand owing to low domestic production capacity, imports of foreign goods will fill the gap.

February 22, 2024 15:34 UTC

VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, significantly added to its business footprint in 2023. Among the most significant wins of 2023 was being awarded a global contract for UK visas and citizenship services. Earlier in the year, Latvia, Iceland, and Austria also renewed the global visa services mandates with VFS Global. As an exclusive service provider to the Government of France for select locations in Sub-Saharan Africa, VFS Global expanded France visa services network in Sub-Saharan Africa in September 2023. In 2024, VFS Global will continue to focus on enhancing customer service and business excellence through investments in human capital development and technology.

February 22, 2024 15:23 UTC

Alexei Navalny's reported bruises on head and chest are consistent with the single punch method, Vladimir Osechkin, founder of the human rights group Gulagu.net said. “It is an old method of the KGB’s special forces divisions," Vladimir Osechkin told the Times of London. “They trained their operatives to kill a man with one punch in the heart, in the center of the body. “And then it becomes very easy to kill someone, within seconds, if the operative has some experience in this," Vladimir Osechkin added. Russian authorities not handing over Alexei Navalny's bodyThe fresh claim comes amid continuous delay in handing over Alexei Navalny's body by the authorities in Russia.

February 22, 2024 13:40 UTC

Kodak Black allegedly attacked a Florida news crew with rocks and threatened a reporter moments after he was released from jail for the first time in two months on Wednesday. 5 Kodak Black was seen on video throwing rocks at a team of reporters following his release from jail on Wednesday. YouTube/WPLG Local 105 The rapper told WPLG Local 10 reporter Rosh Lowe that he would punch him. 5 At one point, the rapper stood up on a table and told the reporter he would punch him. 5 Kodak Black performs onstage during Day 1 of One MusicFest at Piedmont Park on Oct. 28, 2023, in Atlanta, Georgia.

February 22, 2024 12:32 UTC

Modified On Feb 22, 2024 05:08 PM By Shreyash for Tata Punch EVThe Tata Women's Premier League 2024 will be held from February 23, 2024 to March 17, 2024The Women's Premier League 2024 is the female cricketers’ equivalent to the Indian Premier League (IPL). The Tata Punch EV, is the latest addition to Tata's all-electric lineup. As Tata is also the title sponsor of the Women's Premier League 2024, the recently launched Punch EV has become the official car of the league, which will be held in India from February 23, 2024, to March 17, 2024. More About Tata Punch EVThe Tata Punch EV is the first all-electric car from Tata to be based on the Acti.EV platform. Price & RivalsThe Tata Punch EV is priced between Rs 10.99 lakh and Rs 15.49 lakh (ex-showroom Delhi).

February 22, 2024 11:41 UTC

Nigeria’s men and women’s senior cricket teams face tough draws in the group stages of the upcoming 13th African Games in Ghana from March 8 to 24, PUNCH Sports Extra reports. In the men’s event, Nigeria are in Group B with Namibia, Zimbabwe and Tanzania. Their last group game is against Zimbabwe, ranked 13th, two days later. In the women’s event, Nigeria are in Group A alongside South Africa, Namibia and Tanzania. Their first game will be against Tanzania, ranked 19th, March 7, after both sides must have weighed each other at the Nigeria Cricket Federation T20i invitational tournament in Lagos next week.

February 22, 2024 02:09 UTC

Sewakanu took office as the new state Chairman following the retirement of his predecessor, Abiodun Akinola. Speaking at his inauguration in Imeko, Ogun, Sewakanu pledged an open-door administration, stating that he would be an impartial leader of the union. The new chairman said that the agencies include the Ministry of Education, State Universal Basic Education Board, Teaching Service Commission, Principals and Headmasters general office. The immediate past chairman said that he would continue to ensure that Sewakanu had a successful tenure. Also, the NUT President, Titus Amba, advised the new chairman to follow the good path of his predecessor, who had a meritorious service.

February 22, 2024 02:09 UTC

Following the price reduction, the Tiago EV's XZ Plus Lux long-range (LR) trim is now closely priced to the Tata Punch EV Smart Plus medium-range (MR) variant. PricesTata Punch EV Smart Plus (Medium Range) Tata Tiago EV XZ Plus Tech Lux (Long Range) Rs 11.49 lakh Rs 11.39 lakhAll prices are ex-showroom DelhiFollowing a recent price reduction of Rs 15,000, the Tata Tiago EV XZ Plus Lux long-range variant now costs Rs 10,000 less than the Punch EV's one-step-above base Smart Plus variant. DimensionsTata Punch EV Tata Tiago EV Length 3857 mm 3769 mm Width 1742 mm 1677 mm Height 1633 mm 1536 mm Wheelbase 2445 mm 2400 mm Ground Clearance 190 mm 165 mm Boot Space 366 litres 240 litresAs a micro SUV, the Tata Punch is longer, wider, and taller than the Tata Tiago EV. Also Check Out: Tata Nexon EV Creative Plus vs Tata Punch EV Empowered Plus: Which EV To Buy? Also Check Out: Tata Nexon Facelift Dark Edition To Return Soon, Variants LeakedAlthough the Tata Punch EV Smart Plus misses out on a few convenience features offered on the Tiago EV XZ Plus Lux variant.

February 21, 2024 20:47 UTC

Russian opposition leader Alexei Navalny may have been killed with a single punch to the heart, a “hallmark of the KGB,” according to a human rights activist claiming to have insider intel. “It is an old method of the KGB’s special forces divisions,” Osechkin said, referring to the much-feared Soviet-era internal security service. “They trained their operatives to kill a man with one punch in the heart, in the center of the body. via REUTERS3 A human rights campaign said it was likely that Alexei Navalny was killed with a single punch to the heart. “It’s possible, of course, but when someone is under the control of the prison system, there are many options as to how to kill them,” the activist explained.

February 21, 2024 16:09 UTC