7th february 2018 news headlines vanguard
Here are the top news headlines from Vanguard on February 7th, 2018:
- 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.
- 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.
- Nigerian stocks gain N130bn as investors take advantage of low prices: The Nigerian stock market gained N130 billion on Tuesday as investors took advantage of low prices to buy into undervalued stocks.
- 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.
- 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.
- 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, down from 15.37% in December 2017.
- FG to establish new universities in 2018: The Federal Government has announced plans to establish new universities in 2018 to address the shortage of tertiary institutions in the country.
- Nigeria's foreign reserves drop to $40.4bn: The Central Bank of Nigeria (CBN) has announced that Nigeria's foreign reserves dropped to $40.4 billion in January, down from $41.3 billion in December 2017.
These are just some of the top news headlines from Vanguard on February 7th, 2018.