NATIONAL Bureau of Statistics (NBS) yesterday dis- closed that Nigeria’s Gross Domestic Product (GDP) grew by 2.84 per cent (year- on-year) in real terms in the third quarter of 2015.The disclosure was contained in a report by the bureau in Abuja, where it said that GDP growth was higher by 0.49 per cent points from the growth recorded in the preceding quarter, yet lower by 3.38 per cent points from growth recorded in the corresponding quarter of 2014.
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For designing a Fyodor Urine Malaria Test kit, a Nigerian scientist, Eddy Agbo, has won the Health Innovation Challenge Award. Agbo, who received $100,000 for the feat, beat 11 other scientists at the maiden edition of the award organised by the Private Sector Health Alliance of Nigeria and the Nigeria Health Innovation Marketplace in Lagos. The kit, he said, would prevent patients from experiencing the cumbersome process of taking blood samples during malaria tests.
Due to harsh realities of living in the country, some Nigerians are taking the fatal route to end their lives, writes ARUKAINO UMUKORO “This story buttresses the need for increased human resources and capacity development in human resources. At Josephine consulting Ltd, we are committed to developing youth empowerment initiatives and human resources development plans at local government and national levels.” - Oludare Akinbo, for Josephine Consulting Ltd.
It was a Sunday. A day many Christians in Nigeria and around the world deem as a ‘holy day,’ with most of them spend hours in various churches and worship centres. However, on that day,
The Central Bank of Nigeria has ordered commercial banks to double provisions on performing loans to two per cent to build adequate buffers against unexpected losses, according to a Reutersreport quoting a CBN circular.
General provisions on performing loans had been fixed at one per cent before the new regulation, said the circular which came into effect on Wednesday. Economic challenges have been mounting after a plunge in oil prices cost the Federal Government vital revenues from crude sales, weakening the naira and slashing economic growth.