10th february 2018 news headlines vanguard

Here are the top news headlines from Vanguard on February 10th, 2018:

  1. Nigeria's economy grows by 1.95% in Q4 2017: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 1.95% in the fourth quarter of 2017, driven by growth in the agriculture and industry sectors.
  2. FG to review fuel price, says Kachikwu: The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has announced that the Federal Government is reviewing the fuel price to ensure that it is in line with the current economic realities.
  3. Nigerian stocks gain N143bn as investors take advantage of low prices: The Nigerian stock market gained N143 billion on Friday as investors took advantage of low prices to buy into undervalued stocks.
  4. Buhari to meet with APC governors today: President Muhammadu Buhari is expected to meet with governors of the All Progressives Congress (APC) today to discuss the party's plans for the 2019 general elections.
  5. EFCC arrests 10 suspected internet fraudsters in Lagos: The Economic and Financial Crimes Commission (EFCC) has arrested 10 suspected internet fraudsters in Lagos for allegedly defrauding unsuspecting victims of millions of naira.
  6. Nigeria's inflation rate drops to 15.13% in January: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate dropped to 15.13% in January, from 15.37% in December 2017.
  7. FG to establish new universities in six states: The Federal Government has announced plans to establish new universities in six states, including Lagos, Ogun, Oyo, Edo, Delta, and Imo.
  8. Nigeria's foreign reserves drop to $34.3bn: The Central Bank of Nigeria (CBN) has announced that Nigeria's foreign reserves dropped to $34.3 billion in January, from $35.4 billion in December 2017.
  9. FG to review tax laws to boost revenue: The Federal Government has announced plans to review tax laws to boost revenue and reduce the country's reliance on oil exports.
  10. Nigeria's power sector records 4,000MW generation: The Transmission Company of Nigeria (TCN) has announced that the country's power sector recorded a generation of 4,000 megawatts (MW) on Friday, the highest in recent times.