IN THE NEWS

Daily Watch – CBN investigates companies for forex infractions, Obaseki rides high in Edo

President Buhari has congratulated Edo Governor Godwin Obaseki, on securing a second term in office. Buhari's spokesman, Garba Shehu, said that the President said he is committed to free and fair elections “because it is the bedrock of true democracy.” Obaseki, on his part, described his re-election as a “triumph over godfatherism”. In a victory speech delivered in Benin City, he thanked his supporters who in his words, “displayed immense courage in the face of threats, intimidation, and brutalisation. The collective will of Edo people made it possible for us this triumph over godfatherism.” The Independent National Electoral Commission had declared Obaseki the winner of the governorship election. Obaseki of the Peoples Democratic Party polled 307,955 votes and won in 13 local government areas (LGAs) to defeat his closest rival, Osagie Ize-Iyamu of the All Progressives Congress, who got 223,619 votes and won in five. Obaseki was elected on the APC’s platform in 2016 but defected to the PDP a few months before Sunday’s vote after being denied the party’s ticket owing to intra-party squabbles. The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Buhari, urging him to “urgently” instruct the Minister of Justice and ...
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NEWS

Daily Watch – Lagos and Kebbi open up state relationships, Forex issues threaten jobs

The Senate has passed the 2016 budget, with an unprecedented ...
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Daily Watch – CBN reverses some actions, Nigeria to ban imports of ‘unhealthy foods’

In a reversal of actions from just four months ago, ...
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Daily Watch – Boko Haram hit Borno for N1.2 trillion, Buhari promises 10GW

A report seen by Daily Trust shows that Borno State ...
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Daily Watch – Employment declines for 12th consecutive month, MAN to float power company

The CBN's Monetary Policy Committee begins its two-day meeting today ...
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Daily Watch – Senate defers 2016 budget, More people port their mobile numbers

The Senate has reneged on its promise to pass the ...
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Daily Watch – Kano pure water businesses claim 2 million job losses, Fuel scarcity may linger over forex

The downturn in the economy is hitting small businesses hardest ...
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Daily Watch – Inflation enters double digits, Ghana moves against Nigerian cement

The Consumer Price Index, which measures inflation, hit 11.4 percent ...
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Daily Watch – NASS settles on $36 budget benchmark, Ogun workers strike on

BusinessDay is reporting that the National Assembly has adopted a ...
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Daily Watch – Nigeria promises to punish economic saboteurs, Poultry supply gap means more smuggling

Nigeria has warned that it will deal ruthlessly with people ...
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Daily Watch – Naira “stabilises” at 320 per USD, MTN winks at NCC

The NNPC staff union has suspended its industrial action, which ...
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Daily Watch – Lagos seals Lekki Gardens over building collapse, NNPC restructuring causes labour dispute

Minister of State for Petroleum Resources, Emmanuel Kachikwu has explained ...
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Daily Watch – GDP growth rate hits 16-year low, NNPC broken up

Nigeria's GDP growth rate has fallen to a 16-year low ...
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Daily Watch – Oil rises to $40, Kwara looks at housing

The global benchmark for crude oil, Brent crude, has risen ...
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Daily Watch – Nigerian banks facing tough times over letters of credit, Telephone user-base increases

Nigerian banks are facing one of the most serious threats ...
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Daily Watch – NNPC goes next week, Air fares shoot through the roof

Nigeria will carry out a major overhaul of the NNPC ...
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Daily Watch – Nigeria spends 80% of revenue on debt, Power hits lowest level since new government came in

The total trade volume of Nigeria and Turkey currently stands ...
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Daily Watch – Major miners avoid Nigeria, Dangote Cement grows stronger

The ongoing petrol scarcity in Nigeria took a tragic turn ...
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Daily Watch – Electricity generation drops further, Used car dealers feel the pain

Inadequate supply of gas to the power station and explosions ...
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Daily Watch – Fears over banks’ year end reports, 2.55GW to be added to grid

There are indications that as the global macro shocks continue ...
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Daily watch – Power generation falls further, Housing construction hits 5- year high

Power generation has fallen to 3,697MW. The current power generation ...
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Daily Watch – MTN bends its knee, IMF warns Nigeria on economic trends

MTN has paid about $250 million out of the $3.9 ...
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Daily Watch – CBN to start enforcing collective agreements, Labour, NESG disagree over electricity tariff

The CBN has said it has received series of complaints ...
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Daily Watch – Naira firms on Buhari’s defiance, Number of dormant accounts rises

BusinessDay is reporting that the FG's anti-corruption war is scoring ...
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Daily Watch – Buhari ‘won’t devalue Naira’, Unions insist new electricity bill is blackmail

President Muhammadu Buhari has again rejected any suggestion that the ...
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