9ja news headline 23 5 2018
Here are some of the top news headlines in Nigeria on May 23, 2018:
- Buhari Returns to Nigeria After 51-Day Medical Vacation: President Muhammadu Buhari arrived in Abuja on Tuesday evening, ending his 51-day medical vacation in London.
- Nigeria's Inflation Rate Drops to 13.34% in April: The National Bureau of Statistics (NBS) announced that Nigeria's inflation rate dropped to 13.34% in April, the lowest in 12 months.
- EFCC Arrests 15 Suspects Over Alleged N1.5bn Fraud: The Economic and Financial Crimes Commission (EFCC) arrested 15 suspects over alleged fraud involving N1.5 billion in Lagos.
- Nigeria's Economy Grows by 1.95% in Q1 2018: The National Bureau of Statistics (NBS) announced that Nigeria's economy grew by 1.95% in the first quarter of 2018, driven by growth in the agriculture and industry sectors.
- APC Wins Ekiti State Governorship Election: The All Progressives Congress (APC) won the Ekiti State governorship election, with Kayode Fayemi emerging as the winner.
- Nigeria's Power Generation Reaches 3,944MW: The Transmission Company of Nigeria (TCN) announced that Nigeria's power generation reached 3,944 megawatts, the highest in over two years.
- FG to Launch National Carrier, Nigeria Air: The Federal Government announced plans to launch a new national carrier, Nigeria Air, to boost the country's aviation sector.
- Nigeria's Debt Profile Reaches N22.4 Trillion: The Debt Management Office (DMO) announced that Nigeria's debt profile had reached N22.4 trillion, with the country's debt service-to-revenue ratio standing at 64.7%.
- Police Arrest 10 Suspects Over Alleged Kidnapping of APC Chieftain: The police arrested 10 suspects over the alleged kidnapping of a chieftain of the All Progressives Congress (APC) in Ogun State.
- Nigeria's Stock Market Index Rises by 1.14%: The Nigerian Stock Exchange (NSE) announced that the All-Share Index rose by 1.14% to close at 34,311.44 points on Tuesday.