NNPC Cabal Push to Increase Fuel Price and 33 Other Breaking Headlines

  Hello Nigeria. This is Breaking Radio. How was your weekend? I hope the new working week is great so far. From the headlines and news of major local and international news sources, Breaking presents the Breaking Radio from Lagos; Nigeria’s mega city. I have got news from Thisday, Daily Post, Daily Independent, The Punch,…

FG Creates N550bn Non-Oil Export Stimulation Grant – Maikanti

In its bid to encourage export and discourage importation amongst Nigerian business men, the federal government has created a N550 billion takeoff grant for old, new and intending exporters, Ibrahim Maikanti has disclosed. Maikanti who is a member of the presidential technical committee on stimulation of non-oil export and the business development manager said that…

Buhari’s Presidency: Five Calamities To Hit Nigerians in The Coming Week

If the figures released by the National Bureau of Statistics, NBS, recently indicating that Nigeria is in recession is anything to go by,  then Nigerians should be ready to embrace the worst in the coming week, Post-Nigeria gathered. According to various experts, Nigerians should expect the following scenario to play out; 1. Upsurge in Bank…

Nigeria In Recession: Moody’s Predicts Further Plunge

Moody’s, one of the big-three credit rating agencies in the world, yesterday, warned of a further contraction of the Nigerian economy. It disclosed that the declining value of the naira would engender a marginal increase in Nigeria’s external debt to 5.2 per cent of Gross Domestic Product, GDP, by end of 2016 from 3.3 per…

2016 budget may not meet expectations, Fashola confesses

Babatunde Raji Fashola (SAN), Minister of Power, Works and Housing, has said that Federal Government’s expectation to ensure there is inclusion and employment with the N6.6 trillion 2016 budget may not be realistic. He explained that the inclusive governance, which the present administration targets to achieve, will be illusive and the people targeted may not…

Nigerian Economy: Moody’s predicts further rise in inflation

Moody’s, the global rating agency, has predicted a further rise in the already historic high in the nation’s inflationary rate to 18 per cent. According to a Global Credit Research report released by the rating agency in Dubai, Moody’s said the depreciation implies a material loss in purchasing power given import-price inflation, adding that it…

Buhari clueless on how to overcome recession –PDP

From NDUBUISI ORJI, Abuja THE Peoples Democratic Party (PDP) has said that the President Muhammadu Buhari administration lacks the fiscal discipline, knowhow and resolve to move the country out of recession. The PDP said statements by the Minister of Finance, Mrs. Kemi Adeosun, that the present administration of Buhari will focus on fiscal discipline and…

Hike in cement price will compound housing deficit — dealers

Two cement dealers in Umuahia have expressed concern over Monday’s sharp increase in the retail price of cement, saying that it would compound the housing deficit in the country, if not checked. Speaking on the development in separate interviews with the News Agency of Nigeria (NAN) in Umuahia on Friday, they said that they were…