March 06, 2023
Nigeria: $176bn Revenue At Risk As Huawei Moves to Sue Govt in London Over $304m e-Customs Project
Huawei Technologies, one of the Special Purpose Vehicle (SPV) partners in the disputed $304 million e-Customs project, would next month sue the Nigerian government in London, over… Read more »
March 03, 2023
Nigeria: Abia Lawmaker Writes Ikpeazu, Seeks Explanation On N27.4 Billion World Bank Funds for Aba Roads
After months of haranguing over the alleged misappropriation of the N27.4 billion World Bank funds, a member of the Abia State House of Assembly, Hon. Obinna Ichita, has formally… Read more »
Nigeria: Trade Balance Declines From U.S. $50 Million to U.S.$$20 Million
The modest gains in oil production was unable to lift Nigeria's trade balance as the country's balance of trade position has reversed from surplus to deficit. Read more »
Nigeria: Buhari Directs Power Ministry, Relevant Agencies to Make Affordable Electricity Available to Nigerians
President Muhammadu Buhari yesterday gave a presidential order to the Ministry of Power and other relevant agencies to ensure that Nigerians have access to affordable electricity. Read more »
Nigeria: NLC Condemns Planned Concession of Airports, Supports National Carrier
President of the Nigeria Labour Congress (NLC), Comrade Joseph Ajaero has said the body is fully in support of the national carrier project, while condemning federal government's… Read more »
March 01, 2023
Nigeria: Analysts Predict End to Cash Crunch After the General Elections
Analysts have predicted that the nationwide cash crunch following the Central Bank of Nigeria (CBN) naira redesign policy would subside post presidential and national assembly… Read more »
February 28, 2023
Nigeria: Tougher Times for Nigerians As Kerosene Price Rises By 163%, Petrol By 54%
There appears to be no respite for Nigeria's poor and vulnerable whose main source of cooking fuel is kerosene, with the price of the product rising by a whopping 163 per cent… Read more »
February 27, 2023
Nigeria: Why Nigeria's Oil Sector Will See Significant Growth in 2023 - Anderson
*Predicts devaluation of the naira to close gap between black market, official rates Read more »
February 23, 2023
Nigeria: NLC Directs Workers Nationwide to Vote for Obi, Labour Party Candidates On Saturday
-Rivers AA guber candidate, campaign organisation endorse Obi Read more »
February 21, 2023
Nigeria: Those Managing Nigeria's Oil Must Account for Crude Oil Theft - VP
Says addressing crude oil theft, sabotage major concern of govt Read more »
Nigeria: Yusuff - Mortar Isn't Just About Aesthetics, It Aids Building's Durability
Femi Yusuff is the Head of Mortar, Innovation & New Products Development for Lafarge Africa Plc., where he focuses on the use of Cement, Concrete, and Mortar materials in… Read more »
Nigeria: President Buhari Cannot Overrule the Supreme Court
Background Read more »
Nigeria: Nigeria Could Drill 900,000bpd Additional Oil With Ongoing Quick-Win Interventions - Komolafe
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said that the current quick-win interventions by the… Read more »
Nigeria: Despite Netzero Debates, Govts Subsidised Fossil Fuels With Record $1trn Last Year - Report
Seeking to offset rising energy costs, governments spent more than $1 trillion on subsidies for the consumption of fossil fuels last year, an all-time high, the International… Read more »
Nigeria: Despite Muffled Oil Output Growth, Nigeria's Rigs Count Rises 116% in One Year
In spite of subdued growth in Nigeria's oil production in the last one year, the country's rigs count rose markedly from six to 13 between January 2022 and the same period in 2023,… Read more »
February 20, 2023
Nigeria: Naira, Fuel Scarcity - Remain Calm, Keep Faith in God, Cleric Appeals to Nigerians
The National Amir and Spiritual Leader of Daaru-r-Rahmat (DARMAT) Islamic Society of Nigeria, Imaam Muali Musbahudeen Olawale, has appealed to Nigerians to continue to remain calm… Read more »
Nigeria: Shippers' Council to Develop Port Community System
The Minister of Transportation, Mu'azu Jaji Sambo, has charged the Nigerian Shippers' Council (NSC) with the responsibility of establishing a Port Community System (PCS), which, he… Read more »
Nigeria: Challenge of Multiple Taxation
There is urgent need for a review of the existing tax regime Read more »
Nigeria: HP Highlights Top Cybercrime Trends in 2023, Cautions Organisations
The Country Head for Nigeria at HP, Mr. Emmanuel Asika, has warned that the increased collaboration in cyber threat, coupled with the low cost of malware, where three-quarters of… Read more »
February 17, 2023
Nigeria: Far From the Middle Ground
The presidential reissue of old N200 notes will not resolve the political and social crises precipitated by the new monetary policy. Read more »
Nigeria: NNPC Fixes March 21 to Begin Drilling of Oil in Nasarawa
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it will commence the drilling of crude oil in Nasarawa State from March 21, 2023. Read more »
Nigeria: How Nigerian Airlines Spend N300bn Annually for Double Insurance On Aircraft
In a bid to meet the National Insurance Commission (NAICOM) regulation, Nigerian airlines insure their aircraft locally and also insure the same aircraft with international… Read more »
Nigeria: Nigeria, Our Ballooned Debt and Our Great Grand Children's Burden
Today, our country's debt is about ten or more times what it was at the start of this present government. Compared with the size of our economy, this is the largest it has been… Read more »
February 16, 2023
Nigeria: Nigeria, Others May Lose Oil Buyers As EU Set to Ban Petrol, Diesel Vehicles By 2035
Nigeria and other major oil-producing countries could lose major markets in Europe after the European Parliament approved a law to ban the sale of new petrol and diesel vehicles… Read more »
February 15, 2023
Nigeria: Govt Okays Electronic Cargo Tracking System to Curb Crude Oil Theft
The Federal Executive Council (FEC) at its weekly meeting on Wednesday approved electronic cargo tracking device that will monitor all vessels entering and leaving Nigeria's water… Read more »