N69.4bn debt case between AMCON and Jimoh Ibrahim heads to appeal court
ABUJA (Sundiata Post) – In a bid to recover the huge debt of nearly N70billion owed it by businessman Jimoh Ibrahim, the Asset Management Corporation […]
recovery
Imo takes over Okorocha’s Royal Palm Estate
The Imo State Government on Friday recovered the Royal Palm Estate along Akachi road belonging to immediate past former Governor Rochas Okorocha’s wife, Nkechi Okorocha. […]
Nigeria exits recession as GDP grows by 0.11% in Q4
The National Bureau of Statistics (NBS), says Nigeria’s GDP grew by 0.11 per cent in Quarter Four (Q4) 2020, from the 6.11 per cent contraction […]
Nollywood Actress Dakore Opens Up On Her Battle With Postnatal Depression
Nollywood actress, Dakore Egbuson-Akande has shared her experience after she battled with postnatal depression. She also spoke about her battle for her mental health and […]
Mitch McConnell slams ‘wrong direction’ of Biden’s executive actions
Abuja (Sundiata Post) – Senate Republican Leader Mitch McConnell blasted President Biden for taking the “wrong direction” on his first day in office — including […]
‘Nigeria, Others Reduced Oil Supply By 1.9bn Barrels’
Nigeria and other member and non-member nations of the Organisation of Petroleum Exporting Countries reduced global crude oil supply by 1.9 billion barrels between May […]
In 3 Months, Forex Inflow Through CBN Hits $6.97bn
Foreign exchange inflow through the Central Bank of Nigeria in the third quarter of 2020 stood at $6.97bn. The CBN disclosed this in the third […]
Rescind hike in electricity tariff – PDP to Buhari
By Chibuike Nwabuko Abuja (Sundiata Post) – The opposition Peoples Democratic Party has reacted to the announced hike in electricity tariff by the ruling All […]
Foreign Investments To Decline By 50% In 2021, Worst In 20 Years — NIPC
Global Foreign Direct Investments (FDI) has been projected to drop by 40 per cent this year and 50 per cent in 2021, being the worst […]
Again Naira Depreciates Against Dollar After Recovery
The naira recorded a loss against the dollar on Monday, December 7 2020 closing at N482/$1 at the parallel market. This represents a N7 drop […]
Buhari seeks Senate approval for Finance Bill 2020
By Chibuike Nwabuko Abuja (Sundiata Post) – The Senate on Tuesday received a transmission of the Finance bill 2020 from President Muhammadu Buhari, for consideration […]
Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a […]
Fed Govt, CBN Point To Results In Economy Recovery Plan
At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all fronts […]
Kwara Receives FG’s N1.9bn Grant for COVID-19 Responsive Budget
Kwara State on Monday received $5m (N1.9bn) from the Federal Government for fulfilling the State Transparency, Accountability and Sustainability (SFTAS)‘s new disbursement-linked indicator related to […]
COVID-19: UN Offers Nigeria $250m Support
Nigeria is to get about $250 million, following the launch of the United Nations (UN) Plus Offer for Socio-Economic Recovery. The UN Plus Offer, which […]
Shell shuts down leaking pipeline in Rivers
The Shell Petroleum Development Company (SPDC) has shut down its leaking pipeline located between Agbada FS and Nkpoku Manifold in Rivers State. Shell’s Media Relations […]
Nigeria Loses N343bn As Oil Firms Burn 265bcf Of Gas In 9 Months
Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic […]
Budget Defence: Senate Committee on Marine Transport meets NIWA, Maritime Academy over 2021 appropriations
By Chibuike Nwabuko Abuja (Sundiata Post) – The Senate Committee on Marine Transport on Tuesday met National Inland Waterways Authority (NIWA) and Maritime Academy of […]
NCDC confirms 150 new cases of COVID-19 in Nigeria
By Chibuike Nwabuko Abuja (Sundiata Post) – The latest update from the Nigeria Centre for Disease Control has revealed that 150 new cases of #COVID19 […]
IMF attributes Nigeria’s social protest to economic difficulties
The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four […]