VOAN Pays courtesy visit to National Automotive Design and Development Council (NADDC); promises better and improved transport system in Nigeria

The National executives of the Vehicle Owners Association of Nigeria (VAON) led by its National President Hon (AMB) Odo Vincent Okoko yesterday paid a courtesy visit to the Director General of the National Automotive Design and Development Council, Engr. Aminu Jalal and his team.

The visit which was meant principally to introduce the VOAN and its activities to the Director General, had in attendance principal members of both bodies as well as journalists and other key stakeholders in the transport and automotive industry.

BLUSH Cosmetics presents Make-Up/Gele Tying 2 Weeks Abuja Masterclass

Reward your passion by attending the BLUSH Professional Make-Up/Gele Tying Workshop with the best professionals in the industry.

Date: 27th Sept - 11th Oct 2016

Time: Two classes 9-12noon, 3-6pm

Fee: N20,000

Venue: No 1B Ola Vincent Close, Beside Pathfield Mall, 4th Avenue, Gwarimpa, Abuja

For reservations call 09022834883. Limited Seats Available!

Learn|Earn|Invest ...face the future!

Vacancy! Professional Make-Up Artist urgently needed for immediate employment

A reputable Make-Up studio in Abuja URGENTLY needs a professional female Make-Up/Gele Tying expert for immediate employment. Qualified persons should call 09022834883 or visit No 1B OLA Vincent Close, Opposite Pathfield Mall, 4th Avenue, Gwarimpa, Abuja for more details.

MUST READ: 10 ways to survive Nigeria’s worst recession in 29 years

The tides are rapidly changing and in this unstable economy, everyone — regardless of social standing and class — must adapt to survive.

Adapting can be extremely challenging especially when the situation is an economic recession in a country with more problems than just the economy.

Naira crumbles to 423/$1 as NBS confirms historic recession

The Nigerian naira fell to 423 against the dollar at the parallel market on Wednesday, after the National Bureau of Statistics announced an official recession in the economy.

The naira opened at 418/$1 on the day, but slipped to 423 after the NBS announced the worst economic recession in 29 years.

Just In: CBN reinstates 9 banks suspended from forex market

The Central Bank of Nigeria ( CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market. They were suspended last week for failing to remit about$ 2.3 billion funds of the Nigerian National Petroleum Corporation (NNPC) to the Treasury Single Account (TSA) of the federal government.

4.58million Nigerians became jobless under Buhari, reveals NBS report

The Nigerian Bureau of Statistics (NBS) says the total number of Nigerians who became unemployed within the first and second quarter of 2016 now stands at 2.6 million.

According to the bureau, about 1.46 million Nigerians became unemployed in the third quarter of 2015, while another 518,102 became unemployed in the fourth quarter of 2015.

Sad News: Nigeria Officially in Recession as Real GDP hits negative 2.06% in second quarter of 2016

The Nigerian Economy is officially in recession, as its Real GDP recorded a negative value of -2,06% in the second quarter of 2016. The real GDP had recorded a negative value of -0.36% in the first quarter of 2016. This value according to the latest NBS figures means that Nigeria is in its worst economic recession in 29 years.

Buhari’s economic policy against workers – NLC

The Nigeria Labour Congress criticised the Federal Government for adopting measures inimical to workers’ welfare to address the current economic recession in the country.

Spain Imports N1.38trillion Products From Nigeria - NAN

Mr Pablo Segrelles, Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, on Tuesday announced that Spain had in 2015 imported products worth N1.38trillion (4

billion Euros) from Nigeria. 

China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail.

China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail.In a special announcement in Monday, the company said its directors had received a provisional letter of award from Nigeria.

Econmic Woes: CBN reserves fall to $19bn as non-oil exports drop by 43%

The Central Bank of Nigeria’s portion of the foreign reserves fell to $19.44 billion as non-oil exports fell by over 43 percent in the second quarter of 2016.

“Provisional data showed that total non-oil export earnings, at US$576.97 million, fell by 43.2 per cent, below the level in the preceding quarter,” CBN said in its second quarter economic report.

Naira hits all time low; trades at N414 against the Dollar

The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting further pressure in the forex market this week.

Good News: $309 million flows into Nigeria’s forex market in one trading day

The Nigerian foreign exchange market recorded an inflow of $309 million on Monday — a considerable surge from Friday’s transactions.

Bola Onadele, head of market regulator, FMDQ OTC securities exchange, told Reuters that the trade included one $270 million transaction at 345 naira per dollar, by foreign investors buying local currency bonds.

FG To Commence Probe Of Sanusi, Solodu Tenures As CBN Governors

A probe of the Central Bank of Nigeria, CBN, from 2007 to 2014 may be underway if the push by some forces within the government sails through, sources close to the administration have said.

The probe, if the authorities finally put a seal on it, would investigate the printing of naira notes under the watch of Professor Chukwumah Soludo and the management of CBN’s “surplus” finances under the watch of the incumbent Emir of Kano, Alhaji Muhammadu Sanusi.

Economy: Indonesia, Nigeria trade volume falls to $1.75bn from $4bn

The Indonesian Ambassador to Nigeria, Amb. Harry Purwanto, said the volume of trade between Nigeria and his country reduced to 1.75 billion dollars in 2015 from four billion dollars in 2014.

Purwanto made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.

Nigeria’s Business Environment Not Healthy For Investors – Buhari Tells The Japanese

While making his presentation at the plenary session on “Dialogue with the private sector” at the 6th Tokyo International Conference on African Development (TICAD VI) in Nairobi Kenya  on Sunday, August 28, 2016, Nigeria’s President Muhammadu Buhari told Japanese business community that Nigeria’s business environment was not healthy for investors.

Bombshell!!! Dogara shared $25,000 to each lawmaker to pass vote of confidence on him - Jibrin

A former Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, on Wednesday alleged that the Speaker, Mr. Yakubu Dogara, handed out $25,000 to lawmakers so that they could pass a vote of confidence on the speaker.

Photos from Dr Jonathan's Visit to President Buhari

Former President, Dr Goodluck Ebele Jonathan Yesterday, paid a courtesy visit to President Muhammadu Buhari at the Aso Rock Villa to among other things, brief the incumbent on his recent activities as relates to international assignments. Here are some photos from the visit after the cut.. 

Economic Crisis may worsen as Naira hits N390 to the Dollar

The Naira continued its slide yesterday, August 3rd 2016 dropping to N390 against the US dollar at the parallel market as foreign exchange scarcity persisted.