12th august 2017 naija news

Here are some of the top news stories from Nigeria on August 12th, 2017:

  1. Buhari Returns to Nigeria After 103 Days in London: President Muhammadu Buhari returned to Nigeria on August 19th, 2017, after spending 103 days in London receiving medical treatment. His return was met with mixed reactions from Nigerians, with some welcoming him back while others expressed concerns about his health and the country's governance.
  2. Nigeria's Economy Contracts by 0.5% in Q2 2017: The National Bureau of Statistics (NBS) announced that Nigeria's economy contracted by 0.5% in the second quarter of 2017, marking the second consecutive quarter of negative growth. The contraction was attributed to a decline in the agricultural sector and a slowdown in the services sector.
  3. Fulani Herdsmen Attack in Benue State Leaves 19 Dead: A violent attack by Fulani herdsmen on a farming community in Benue State left 19 people dead and several others injured. The attack was condemned by the state government and human rights organizations, who called for the perpetrators to be brought to justice.
  4. Nigeria's Anti-Corruption Agency Arrests Former Minister: The Economic and Financial Crimes Commission (EFCC) arrested a former Minister of State for Defence, Musiliu Obanikoro, over allegations of corruption. Obanikoro was accused of embezzling millions of naira in public funds during his tenure as minister.
  5. Nigeria's Senate Passes 2017 Budget: The Nigerian Senate passed the 2017 budget, which was signed into law by President Buhari on June 12th, 2017. The budget had a total expenditure of N7.44 trillion and was aimed at stimulating economic growth and addressing infrastructure deficits in the country.
  6. Nigeria's Inflation Rate Rises to 16.1% in July 2017: The NBS announced that Nigeria's inflation rate rose to 16.1% in July 2017, up from 15.6% in June 2017. The rise in inflation was attributed to a decline in agricultural production and a rise in food prices.

These were some of the top news stories from Nigeria on August 12th, 2017.