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News
Despite N12trn post-harvest losses, crop production boosts GDP by N163.1trn
35+ min ago (779+ words) Data obtained from the National Bureau of Statistics and analysed by THE POINT showed that agriculture contributed N53.3trn to the economy in 2023 and N56.5trn in 2024. The sector’s contribution surged to N101.5trn in 2025, bringing its combined contribution over the three-year period to N211.2trn. Further analysis…...
PTAD settles N3.8bn outstanding claims owed to over 30,000 pensioners
3+ week, 2+ day ago (490+ words) The Pension Transitional Arrangement Directorate has settled N3.817bn in pension arrears owed to 30,356 retirees under the Federal Government’s Defined Benefit Scheme. The payment followed a review of pension computations carried out by the Directorate to resolve outstanding complaints and establish the…...
FG moves to compensate Nigerians affected by South Africa attacks
1+ mon, 1+ week ago (734+ words) The Federal Government on Tuesday said it is in the process of issuing forms to Nigerians who lost property during the recent wave of attacks in South Africa to formally document their losses. It said this is part of preparations…...
Xenophobia, Tinubu and Ramaphosa
1+ mon, 1+ week ago (1535+ words) In the midst of the brazen, extra-judicial killings of Nigerians in South Africa, along with other Africans, on the grounds that these are illegal immigrants, the South African President Cyril Ramaphosa has now sent South Africa’s Minister of International Relations…...
Xenophobia: Reps demand tough sanctions against South Africa
1+ mon, 4+ week ago (1128+ words) The House of Representatives on Thursday called on the Federal Government to impose strong diplomatic measures against South Africa over renewed xenophobic attacks, extrajudicial killings and the alleged systematic persecution of Nigerians and other African nationals residing in the country....
Senate rejects proposal to seize S'African businesses to pay victims of xenophobia
1+ mon, 4+ week ago (1429+ words) The senate has rejected a proposal by some senators for the federal government to nationalise South African businesses operating in Nigeria and use the proceeds to compensate xenophobia victims. Wasiu Eshilokun, senator representing Lagos central, was one of the lawmakers…...
Nigeria, AfDB renew push for mineral value addition
2+ mon, 1+ week ago (850+ words) Nigeria and the African Development Bank have stepped up calls for increased local mineral processing and stronger value addition as African regulators intensify environmental, social and governance requirements for mining operators. The renewed push was a key focus of discussions…...
Manufacturers, farmers struggle to stay afloat as lending rate rises above 30%
2+ mon, 3+ week ago (954+ words) Nigerian farmers and manufacturers are facing an intensifying credit squeeze as lending rates charged by commercial banks soar to as high as 60 per cent, raising concerns over the ability of key productive sectors to access affordable financing needed to drive…...
Manufacturing growth stalls after 26 years — CPPE
2+ mon, 3+ week ago (591+ words) Despite 26 years of uninterrupted democratic governance, Nigeria’s manufacturing sector remains trapped in a cycle of weak growth, with its contribution to the economy largely stagnant and far below expectations, according to the Centre for the Promotion of Private Enterprise. In…...
Civic responsibility: Bishop Badejo leads by example, completes PVC registration
2+ mon, 3+ week ago (167+ words) In a simple yet significant demonstration of civic responsibility, the Bishop of the Catholic Diocese of Oyo, Most Rev. Emmanuel Adetoyese Badejo, recently visited a registration centre to complete his Permanent Voter’s Card registration process. The visit serves as a…...