News
BREAKING: Nigeria’s GDP Grew By 3.46% In Q4 2023 — NBS

Nigeria’s Gross Domestic Product grew by 3.46 per cent year-on-year in real terms in the fourth quarter of 2023, the National Bureau of Statistics has disclosed.
In its ‘Nigerian Gross Domestic Product Report (Q4, 2023),’ released on Thursday, the NBS said the growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent
It added that the service industry was responsible for the growth in the quarter.
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Both the IMF and World Bank expected Nigeria’s economy to grow by 2.9 per cent in 2023.
The report read, “Nigeria’s Gross Domestic Product (GDP) grew by 3.46 per cent (year-on-year) in real terms in the fourth quarter of 2023.
“This growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent.
“The performance of the GDP in the fourth quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 3.98 per cent and contributed 56.55 per cent to the aggregate GDP”
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In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022.
“The agriculture sector grew by 2.10 per cent, from the growth of 2.05 per cent recorded in the fourth quarter of 2022. The growth of the industry sector was 3.86 per cent, an improvement from -0.94 per cent recorded in the fourth quarter of 2022. In terms of share of the GDP, industry, and the services sectors contributed more to the aggregate GDP in the fourth quarter of 2023 compared to the fourth quarter of 2022. On an annual basis, GDP grew by 2.74 per cent in 2023 relative to 3.10 per cent in 2022,” the report added.
More details soon…
News
BREAKING: Court Sentences Nnamdi Kanu To Life Imprisonment For Terrorism

Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has been sentenced to life imprisonment by a Federal High Court in Abuja after being convicted on all seven counts of terrorism filed against him.
Justice James Omotosho, delivering judgment in Kanu’s trial, described him as a terrorist whose actions have led to bloodshed and destabilization in the South-East.
He said Kanu, who portrayed himself as a defender of his people, has instead endangered lives and national security.
READ ALSO:JUST IN: Nigerian Govt Demands Death Sentence On Nnamdi Kanu
“The court finds that the defendant, Nnamdi Kanu, is an international terrorist and must be treated accordingly,” Justice Omotosho declared.
The judge emphasized that the prosecution presented credible and sufficient evidence to prove the case against Kanu. He also noted that Kanu failed to enter a defense, choosing instead to rest his case on the prosecution’s evidence.
Justice Omotosho is still delivering the remaining part of the judgment.
News
JUST IN: Nigerian Govt Demands Death Sentence On Nnamdi Kanu

The Nigerian government has demanded the imposition of death sentence on Nnamdi Kanu following his conviction on terrorism charges.
Counsel to the Federal Government, Adegboyega Awomolo, SAN, informed the court that the sections of the law under which Kanu was charged and convicted carried death sentence without any option.
Addressing the court after the pronouncement, the senior lawyer said the court has no discretion to exercise than to impose maximum punishment on him in line with the dictates of the law.
READ ALSO:BREAKING: Judge Orders Kanu Out Of Court Over ‘Unruly’ Conduct
Awomolo held that Kanu throughout the trial did not show remorse for the offences he committed against the Federal Republic of Nigeria but chose to be militant, arrogant and unruly in his attitude.
He also demanded that all properties seized from Kanu be forfeited to the Federal Government.
The prosecution counsel equally demanded that Kanu be taken to prison where his security will be guaranteed till when the judgment against him would be executed.
News
JUST IN: Nigerian Separatist Leader Convicted On Terrorism Charges

A court in Nigeria has found separatist leader Nnamdi Kanu guilty of terrorism 10 years after he was first arrested.
The court said it was satisfied that Kanu had made a series of broadcasts to incite violence and killings, as part of his campaign for a separate state in south-east Nigeria, known as Biafra.
Kanu has so far been convicted on six of the seven charges he faced, with the judge continuing to deliver his ruling.
A relatively obscure figure, Kanu’s popularity surged in 2009 when he started Radio Biafra, a station that called for an independent state for the Igbo people broadcast to Nigeria from London.
READ ALSO:JUST IN: Court Rules Judgment In Kanu’s Terrorism Trial
Though he grew up in south-eastern Nigeria, where he attended the University of Nsukka, Kanu moved to the UK before graduating and acquired British nationality.
In 2014, he set up the Indigenous People Of Biafra (Ipob), a movement demanding independence.
Ipob was banned as a terrorist organisation in 2017. Its armed wing – the Eastern Security Network – has been accused of killings and other acts of violence in recent years.
Delivering his judgement, Judge James Omotosho said: “Mr Kanu knew what he was doing, he was bent on carrying out these threats without consideration to his own people.
READ ALSO:BREAKING: Judge Orders Kanu Out Of Court Over ‘Unruly’ Conduct
“From the incontroverted evidence, it is clear that the defendant carried out preparatory act of terrorism.
“He had the duty to explain himself but failed to do so.”
Ahead of the verdict, Kanu insisted that proceedings could not continue because he had not yet filed his final written address, accusing the judge of bias and not understanding the law.
READ ALSO:Court Threatens To Foreclose Kanu If He Fails To Open Defence
The verdict was delivered after Kanu had been forcibly removed from the courtroom for unruly behaviour.
He was first arrested in October 2015 but he jumped bail in 2017 and left the country after a military raid on his home. The court later revoked his bail in March 2019 and he was re-arrested in 2021 in Kenya.
The calls for Biafran independence date back many years.
In 1967 Igbo leaders declared a Biafran state, but after a brutal civil war, which led to the deaths of up to a million people, the secessionist rebellion was defeated.
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